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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.”