John Hancock Offers LPL’s Advice Tool

John Hancock Retirement Plan Services has integrated LPL Financial’s Employee Advice Solution into its recordkeeping platform.

The web-based advice tool asks employees about their financial holdings. Based on that information, participants can receive personalized retirement advice or manage their accounts on their own. The tool also enables participants to engage with an adviser directly, either face to face, online or over the phone.

“We believe in the value of the advice to the individual,” says Patrick Murphy, president of John Hancock Retirement Plan Services. “Access to comprehensive financial advice, beyond the 401(k), is vitally important to drive better outcomes for our participants.”

George Revoir, vice president of distribution at John Hancock Retirement Plan Services, adds: “This offering reflects both our longstanding partnership with LPL Financial and our shared goal of providing resources that make a difference in helping participants achieve successful retirement outcomes. This tool and our administrative support will help financial advisers in their work with plan sponsors.”