You’re working hard to take care of your clients and help them plan for a secure financial future. But what about the future of your practice? It’s easy to put off planning for tomorrow, because most of us assume we have plenty of time, or that we’ll get to it…eventually.

Regardless of your career stage, preparing for the future is an important part of your long-term business plan. While you’re growing your client base and planning for your eventual retirement, having a short-term plan in place provides assurance that the value you’re building—and the care you’re providing to clients—is sustainable.

And, should the unexpected occur, the lack of a transition plan can leave your family and clients vulnerable to financial disruption.

Having a plan in place ensures that a smooth transition can occur and the value of your practice will be recognized.
 

Monetize your practice effortlessly

Protect your legacy with the assurance plan

LPL Financial offers a simple, cost-effective way to monetize your practice in the event of your unplanned exit from the industry due to death or incapacity.

The Assurance Plan provides a guaranteed, predetermined purchase price based on 1.5 times your recurring revenue. LPL also facilitates the sale of your business to another qualified LPL advisor, commission-free, providing any additional proceeds above the guaranteed amount to you or your beneficiary.

The Assurance Plan allows you to designate a preferred buyer for your practice. This individual has first right of refusal with the option to purchase your practice at fair market value.

Should they decline to purchase your practice, you still have a guaranteed buyer in LPL, ensuring you or your beneficiary receives funds when they’re needed most.

The plan also includes an annual valuation of your business at no additional cost.

“Advisors invest so much into serving their clients and building a business they can be proud of. But when it comes to protecting the value of their own greatest investment, there’s been a lack of options in our industry,” says Jeremy Holly, senior vice president and head of LPL’s Advisor Financial Solutions team. “With The Assurance Plan, advisors will have a safety net, giving them a layer of protection as they explore the ideal plan they want in place to transition the care of their clients and monetize their practice when they are ready.”

You’ve spent years building your business. Protect your practice, preserve your legacy, and provide for those who mean the most.

The Assurance Plan is available now to LPL corporate and Hybrid advisors, and we’re working on options for additional affiliation models. For more information on The Assurance Plan, visit LPLBusinessSolutions.

 

This material is intended for Financial Professionals.