LPL Financial, a leader in the wealth management industry, is expanding its portfolio of high-net-worth services with the launch of business planning tools designed to help its network of nearly 29,000 financial advisers provide personalized support to their clients who are CEOs and/or have founded their own businesses.
There are more than 33 million small businesses in the United States, and more than half of all private employer business owners are over the age of 55. In addition, it is estimated that approximately 12 million of those firms will be sold over the next decade, and most small business owners do not have a succession plan in place.
Through this new offering, advisers are connected with a certified business exit planner who supports the business owner’s needs and serves as a liaison to vetted banking partners. This full-service experience is designed to meet the discerning needs of advisers and differentiate the value they provide to their entrepreneuri
