LPL Financial Launches Partial Book Sales Program

LPL Financial LLC, the nation’s largest independent broker-dealer, announced the launch of its newest offering, Partial Book Sales, which the company says allows advisors to easily reshape their book of business and create capacity to “do more of what matters most.”

“Whether in strategic growth mode, prepping for future M&A, evolving their niche or pursuing other passions, we believe advisors of all stages can benefit from LPL’s Partial Book Sales,” Aneri Jambusaria, executive vice president, LPL Services Group, said.

LPL explains that through the new digital platform, advisors are guided through identifying and submitting accounts for transfer and receive upfront payout on approval. Once transferred, LPL’s Investor Focused Solutions team of licensed advisors immediately contacts the clients and assumes responsibility for the ongoing relationship.

“With this service, advisors can reclaim their time without the guesswork, negotiation, delays and advice gaps typically associated with a partial book sale,” said Kraleigh Woodford, senior vice president, LPL Planning and Advice Services. “They’ll have confidence in knowing that LPL will continue to engage with and provide personalized financial advice to those valued clients.”

Partial Book Sales is the latest service from LPL, focused on enabling advisors to “right-size in order to run a thriving business.” This launch follows the 2022 introduction of Bookkeeping Services, Paraplanning Services and the Private Client Services Network.

LPL says this new service is immediately available to all corporate RIA-affiliated LPL advisors.

LPL supports more than 21,000 financial advisors, 1,100 institution-based investment programs and 500 independent RIA firms nationwide.

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