|[March 06, 2014]
Nationwide Financial Joins LPL Financial's Worksite Financial Solutions Platform
COLUMBUS, Ohio --(Business Wire)--
Nationwide Financial has integrated LPL Financial's Worksite Financial
Solutions platform into its 401(k) products. The integration will help
LPL advisors provide their retirement plan participants with financial
advice. LPL Financial is the nation's
largest independent broker-dealer, an RIA custodian, and a wholly owned
subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA).
By joining the platform, Nationwide Financial will enable its plan
sponsor clients who work with a LPL advisor to offer the Worksite
Financial Solutions platform's Employee Transition and Engagement
Solutions. This supports the efficient enrollment of employees into
retirement plans, promotes financial education and wellness, and helps
employees during times of transition - both when they join the plan and
upon employment separation.
The goal is to help Nationwide Financial and LPL advisors better address
the needs of plan participants throughout their financial lives from the
date of hire to retirement and beyond.
"Nationwide and LPL Financial have a long-standing partnership, and
we're excited to join the Worksite Financial Solutions platform and
offer these services to our shared clients," said Joe Frustaglio, vice
president of private-sector retirement plan sales for Nationwide
Financial. "As an American company, Nationwide understnds the
retirement challenges America's workers face, and this platform makes it
easier for advisors to engage with plan participants and offer them the
support they need to reach their retirement goals."
"The Worksite Financial Solutions platform represents LPL Retirement
Partners' vision for the future of the retirement advisory industry,"
said Bill Chetney, president of LPL Retirement Partners. "We are honored
that Nationwide Financial recognizes the importance of this vision, and
we look forward to working with them and all of our retirement plan
focused advisors to move the industry forward."
About LPL Financial
LPL Financial, a wholly owned subsidiary of LPL Financial Holdings
Inc. (NASDAQ: LPLA), is the nation's largest independent broker-dealer
(based on total revenues, Financial Planning magazine, June
1996-2013), an RIA custodian, and an independent consultant to
retirement plans. LPL Financial offers proprietary technology,
comprehensive clearing and compliance services, practice management
programs and training, and independent research to more than 13,600
financial advisors and approximately 700 financial institutions. In
addition, LPL Financial supports approximately 4,500 financial advisors
licensed with insurance companies by providing customized clearing,
advisory platforms and technology solutions. LPL Financial and its
affiliates have more than 3,000 employees with primary offices
in Boston, Charlotte, and San Diego. For more information, please visit www.lpl.com.
Securities and Advisory Services offered through LPL Financial. A
Advisor, Member FINRA/SIPC
Nationwide Mutual Insurance Company, a Fortune 100 company based in
Columbus, Ohio, is one of the largest and strongest diversified
insurance and financial services organizations in the U.S. and is rated
A+ by both A.M. Best and Standard & Poor's. The company provides a full
range of insurance and financial services, including auto insurance,
homeowners, pet, motorcycle, boat, farm, commercial insurance, life
insurance, annuities, mutual funds, public and private sector retirement
plans, banking, mortgages, and specialty health services. For more
information, visit www.nationwide.com.
Life insurance is issued by Nationwide Life Insurance Company or
Nationwide Life and Annuity Insurance Company, Columbus, Ohio.
Nationwide, Nationwide Financial, the Nationwide framemark, Nationwide YourLife
and On Your Side are service marks of Nationwide Mutual Insurance
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