Aspire Financial Services has partnered with the Worksite Financial Solutions Platform of LPL Financial, a wholly owned subsidiary of LPL Financial Holdings.
Aspire and LPL’s partnership enables its plan sponsor clients to offer the Worksite Financial Solutions platform’s Employee Advice Solution, which allows plan participants to receive customized retirement advice through an online service that first gathers information on each participant’s financial picture and life stage.
Participants can elect to receive personalized advice through the system or manage their accounts on their own. Plan participants can elect to receive advice all the way through retirement as well.
By partnering with Worksite Financial Solutions, Aspire will help retirement plan sponsors and advisors to better address the needs of plan participants throughout their financial lives, from the date of hire to separation and beyond.
The advisors that adopt the LPL Financial Retirement Partners’ advice solution in conjunction with Aspire’s robust open architecture platform will be supported by a smart retirement management solution capable of delivering services and results that are designed for the plan sponsor and participant.
The new partnership will also create significant opportunities for LPL Financial advisors to provide these innovative services to plans that are currently served by Aspire.
Pete Kirtland, president and CEO of Aspire, said: "As a partner of LPL, we are very pleased to further our advocacy for participant’s planning for their retirement. The spirit of our combined efforts is to deliver responsible, quality and plan design flexibility that is driven by robust technology, real-time data and wide array of investment choices. We are now in a position to transition across the critical stages of a participant’s retirement planning and help them to ensure that the vital activity of planning for their financial future maintains lifelong continuity."
Bill Chetney, president of LPL Financial Retirement Partners, said: "The Worksite Financial Solutions platform represents LPL Financial Retirement Partners’ vision for the future of the retirement advisory industry, and enables plan participants to receive the personalized advice they need in order to prepare for the landscape ahead with confidence. We are honored that Aspire recognizes the importance of this vision, and we look forward to working with them and all of our retirement-plan focused advisors to move the industry forward."