LPL Financial | Summit Retirement

Objective financial guidance is a fundamental need for everyone.

LPL Financial is one of the nation's leading financial services companies and a publicly traded company on the NASDAQ under ticker symbol LPLA. LPL does not offer proprietary investment products or engage in investment banking activities; this means advisors affiliated with LPL are not pressured or influenced by LPL to sell its products. For more information about LPL Financial, visit www.lpl.com.

The retirement plan market is changing in unprecedented ways, presenting a number of opportunities and challenges for Plan Sponsors. To manage these complex and complicated issues, employers will need skilled and experienced Consultants knowledgeable in working with organizations in a fiduciary capacity.

Investment Manager defined: 3(38)

Investment Advice Fiduciary defined: 3(21)

THE FIDUCIARY STANDARD

CLIENT

PRODUCT

THE SUITABILITY STANDARD

LPL Financial Retirement Partners knows that expertise and experience drive results. Under RPCP, advisors are equipped with a multitude of best practices that help clients navigate a maze of the complicated and ever-changing regulatory environments. Plan clients and advisors are facing an evolving regulatory landscape that includes new fee disclosure requirements, a potentially expanding definition of fiduciary, and increased examinations and enforcement by the Department of Labor.

RPCP allows approved advisors to provide investment advisory services as a 3(21) fiduciary on a non-discretionary basis. To continue to address evolving demands from advisors and plan sponsor clients, RPCP is also able to support qualified, experienced advisors in providing 3(38) investment manager services. As a 3(38) investment manager, approved advisors have the ability to engage with a plan client to take discretion to manage the fund lineup.

Professional Associations

Our industry partners at LPL Financial allow us to deliver solutions to your company and strives to offer only the best in financial guidance.

Center for Fiduciary Studies

The Center for Fiduciary Studies is the standards-setting body for Fi360 and is supported by a team of experienced investment practitioners, attorneys, educators, and other professionals. The Center for Fiduciary Studies develops and maintains the Prudent Practices™ defined in our handbooks and awards the Accredited Investment Fiduciary® (AIF®) and Accredited Investment Fiduciary Analyst® (AIFA®) professional designations. In addition, the Center is responsible for overseeing the body of knowledge that forms the basis for the AIF and AIFA curriculum, examination, and certifying qualifications

Qualified 401(k) Administrator (QKA)

The Qualified 401(k) Administrator (QKA) program advances knowledge gained in the Retirement Plan Fundamentals (RPF) certificate course. The QKA program consists of two packages — Plan Management and Testing & Compliance — each comprising nine courses, a practice test, and a credential exam.

NAPA

As a professional society, NAPA is uniquely committed to seven core principles of advisors serving employer-sponsored retirement plans:

The retirement industry is in transition and NAPA is a leader for positive change.
NAPA’s core purpose is to enhance retirement security in America.
NAPA members focus on providing high quality, professional advice to retirement plans and/or their participants.
NAPA members are committed to leading the transition to a more transparent, effective, professionally governed retirement system.
NAPA members may serve as either fiduciaries or non-fiduciaries, but are committed to clearly disclosing their fiduciary or non-fiduciary status to their ERISA retirement plan clients.
NAPA members pledge to comply with all requirements relating to retirement plans that are or will be required by the SEC, DOL, or any other governing agencies.
NAPA members pledge to maintain ethical standards in their representation of plan sponsor and participant clients and will strive to service them under a process that puts their clients’ interests first.

ASPPA

ASPPA, and its three sister organizations — ACOPA, NTSA and NAPA — comprise the Retirement Association, the premier national organization for retirement plan professionals in the industry. Based in the Washington, D.C. area, ASPPA is a non-profit professional organization with two major goals: to educate retirement plan professionals and to create a framework of public policy that gives every working American the ability to have a comfortable retirement.