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Paraplanning Services

Expand your financial planning offering, but not your payroll.

What if you could offer even deeper, more personalized financial guidance to your clients — without taking on more work or increasing your payroll? LPL’s Paraplanning Services’ experienced professionals can help you build, enhance, or expand your financial planning practice.  

Looking to scale your business, or new to financial planning? Our paraplanning team creates customized financial plans that align with your philosophies and your clients’ goals.  We help ensure data accuracy, provide actionable insights that add value for your clients, and help ensure you’re prepared for a successful client presentation.

NEW! Now you have two ways to engage with Paraplanning Services, with options designed to meet your planning needs and fit your budget. 

Planning 360 Plan Creation
A flexible hourly solution providing à la carte paraplanning services tailored to your monthly needs. You have the freedom to choose the exact support you require, whether it's meticulous data gathering, creating or updating financial plans, administrative assistance, or in-person support during client meetings. Customized, comprehensive financial plans delivered on a per-plan basis. Tailored, cost-effective plans are delivered by our professional paraplanners and include a summary of actionable recommendations. You’ll boost your productivity without the need to expand your permanent staff.

Whichever engagement option you choose, Paraplanning Services has the experienced professionals who will help you achieve your planning objectives.

Key Features:

  • Accurate data - Planners collect and input data accurately and efficiently, reducing errors, and saving you time
  • Plan development -Seamless Software Integration – Plans are created using your choice offinancial planning software tools from four integrated options, including eMoney, WealthVision, Right Capital, and MoneyGuidePro
  • Plan summary – Plans are delivered within two weeks of all client data being received, and include an LPL-generated summary of actionable recommendations that match your philosophies and your clients’ goals
  • One-on-one review -– Meet with your designated financial planner to discuss the plan created on your behalf and prepare for a successful client presentation 

2x

Advisors using Paraplanning Services grow 2x faster than those who don’t.*

An Experienced Team on Board but Not on Your Payroll

Learn how Paraplanning Services expands advisors’ planning capabilities, deepens relationships, and adds value.

 

 

Why Paraplanning Services?

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Cost-effective support

  • With Paraplanning Services, you benefit from the experience of a qualified paraplanner without having to commit to an annual salary.

productivity

Enhanced productivity

  • By delegating plan production and analysis to Paraplanning Services, you’ll free up time to serve your clients and focus on your priorities.

benefits

Deeper client relationships

  • Partnering with our paraplanners enables you to expand your services, ensure efficient solutions for your clients, and consolidate more client assets.

 

FAQs

Planning 360 offers customized, flexible planning assistance for a predetermined number of hours per month for the specific help you need, whether it’s data gathering, plan updates, administrative help, or attending client meetings to support you in delivering plans.  You can also add Planning 360 to your existing paraplanning subscription.

Plan Creation may be the best choice for you if you’re looking for complete financial plans on a regular basis that include a plan summary and actionable recommendations.   Our experienced paraplanners create holistic plans tailored to your clients’ goals, ensuring accuracy and saving you time.

Subscribe to Paraplanning Services using Planning 360 or the Plan Creation service model. A qualified Financial Planner will serve as your planning partner. Their goal is to understand your planning philosophies and to identify strategies that align with your clients' goals. The Paraplanning team is responsible for data entry, scenario analysis, plan feasibility, and planning recommendations to help clients achieve their financial goals.

You receive a full plan as generated by the financial planning software, which you can access, maintain, and adjust in future planning discussions with your client. You also receive an LPL Financial Plan Summary recapping client goals and assumptions, key highlights, observations, recommendations, and action items.

With Planning 360, you can use your hours to have a planner attend client meetings virtually to support you in plan delivery.

Paraplanning Services supports eMoney, WealthVision, Right Capital, and MoneyGuidePro. 

It’s entirely appropriate to charge clients a fee for the design, delivery, and execution of a financial plan, whether you’ve created that plan yourself, in-house, or with the paraplanning team’s assistance.

 

 

 

Ready to transform your financial planning practice?

Learn more about Paraplanning & Planning 360: Schedule a complimentary consultation.

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Disclosures

*LPL advisor growth is based on individual total annualized net new assets year to date through May 2024, divided by beginning of year assets under management.