At its virtual advisor conference, LPL announced little in the way of original new technology, instead opting to go with a “sequels” theme for 2020. The firm said it would be improving its e-signature features and paperless agreements in its client portal, while debuting a proprietary meeting preparation and scheduling tool designed to make pre- and post-client meeting legwork easier for advisors. That particular tool, called Meeting Manager, is currently in “alpha” testing with select advisors.
Meanwhile, the reworked technology at LPL is designed to make advisors more efficient, said Burt White, chief investment officer at the firm.
The first improvement is a single agreement for clients to consent to paperless document delivery, with availability expected next month, according to White. By November, the firm expects to have added tax forms and client letters to the paperless options for clients. Those additions will make LPL “fully paperless,” he added.
LPL executives said developers were able to work through the pandemic without delays. Nevertheless, advisors will have to wait a few months for the deployment of other improvements.
LPL first announced e-signature capabilities seven years ago, but Thursday’s announcement was “about expanding the applicability” of e-signatures, said Rob Pettman, executive vice president of investor and investment solutions. Also slowing the adoption of e-signatures were product manufacturers, including some annuity firms, that still require ink on actual paper.
A bundled e-signature feature, where multiple documents needing electronic signatures are grouped together and sent to a client as a batch of documents, is coming “around the end of the year or beginning of next year,” White said.
“I can’t express the importance of using e-sig[nature] enough,” he added, citing the speed and reliability of electronic signatures compared to wet signatures.
By early 2021, LPL is expecting to make an improved “Move Money” function available to advisors, he said. The feature is meant to assist advisors in funding different accounts used by their clients.
Additionally, LPL announced a built-from-scratch “Meeting Manager” feature, not scheduled to launch until the end of the year and initially designed just for annual advisory meetings. It’s been in design since late last year.
Available on ClientWorks, the feature includes virtual calendaring and pre-populated meeting agendas. Reports can also be bundled into a meeting presentation. The tool includes an “initial” integration of ScheduleOnce, a scheduling tool that will also support third-party videocalls if an advisor is using services such as Zoom or WebEx.
LPL executives left open the option of adding additional third-party tools to the feature, saying it could eventually help the firm build functionality that would use algorithms to alert advisors to inquire about certain things from their end-clients. Prompts might include asking clients about specific goals or alerting the advisor to the underperformance of a certain asset.
Meeting Manager is intended to embody the connecting of third-party applications into an LPL-specific framework, and doing so in a way that “advisors couldn’t necessarily replicate themselves,” said Pettman. By early 2021, advisors affiliated with LPL will be able to decide for themselves—from their own scheduling and presentation preparation—how that approach is working.
This means, you take one article, and you use the article distribution system. It will generate thousands of unique versions of your article, and publish those unique articles to hundreds of websites that are related to your niche.
Take a look at our comprehensive guide to the best and most popular information ebooks and products available today on Detoxing, Colon Cleansing, Weight Loss and Dating and Romance. They are all in one spot, easy to find and compere to make a quick selection for the product that best fits your needs or wants.
So browse through a category and make your preferred selection and come back here to read more choice articles and get a few more helpful tips on ways to help your enhancement.
As an Amazon Associate I earn from qualifying purchases. “saubiosaubiosuccess.com is a participant in third party affiliate and advertising programs; The Amazon Services LLC Associates Program, Awin network, and other affiliate advertising programs are designed to provide a means for sites to earn advertising fees and commissions by advertising and linking to products on other sites and on Amazon.com. Amazon and the Amazon logo are trademarks of Amazon.com, Inc, or its affiliates.”
We use anonymous cookies and various 3rd-party services to optimise and to offer you a better, more personalised, browsing experience with advanced accessibility enhancements.
Dismiss
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
