Technology

Tools That Work – and Work Together

Technology should be simple to use, seamless and integrated, flexible, and responsive. And it should make doing business easier.

Our technology does just that. Based on feedback from advisors and support staff, we’ve designed simple, intuitive workflows that make it easy to open accounts and transact business—preventing rework and supporting the high level of client experience you’ve designed for your clients.

Together, our systems create a cohesive, streamlined experience. Everything runs through a central hub – ClientWorks – that integrates LPL and third-party applications. From this single workstation, you can service all of your accounts without having to sign into multiple systems.

ClientWorks

ClientWorks is a single, integrated workstation to service all of your accounts with the flexibility to access best-in-class third-party tools. It’s your go-to spot, where you’ll carry out your day’s tasks from a single sign-on platform.

You’ll be able to navigate quickly and easily from one tool to another to place trades, open new client accounts, move money, pull client reports, and more.

Within this platform, ClientWorks Connected allows you to integrate third-party tools so you have seamless access to your choice of customer relationship management, proposal generation, client-based goals, and performance reporting.

Each application within ClientWorks plays a role in creating a streamlined experience.

 

 

Move money for your clients in one day with e-signature. The transaction happens same day, and in 2021 we’ll reduce that to one hour.

  • Set up a one-time ACH distribution, recurring distributions, ACH contributions, or on-demand instructions.
  • See real-time status of requests.
  • Set up a check distribution for IRA, ESA, or non-retirement accounts.
  • Process all types of journal requests
  • Initiate a wire request or create a wire transfer.

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Manage your client and prospect interactions with any of our customer relationship management (CRM) solutions:

  • ClientWorks CRM: All ClientWorks users have access to its easy-to-use CRM system, powered by Microsoft Dynamics. It’s ideal if you and your staff are just getting started with a CRM strategy.
  • Third-party CRMs: Redtail and Salesforce are available to you at a discounted monthly fee. Data can be shared between these third-party systems and ClientWorks.

Client Reporting is a fully integrated, performance reporting and portfolio analytics tool. It allows you to create compliance-approved performance reports, which can be tailored to client groups, households, or other custom groups. From pre-defined templates to fully customizable reports, the Client Reporting tool allows you to make your own selections about what you want to see and how your clients’ information is organized.

Enhanced Trading & Rebalancing provides a variety of tools to trade advisory accounts. This tool can save you valuable time when trading and making portfolio changes, allowing you to simultaneously trade across multiple securities and accounts.

Enhanced Trading features block-trading capabilities, permitting average pricing on equities and exchange-traded funds. It also has the ability to enter various order types, such as trailing stops and stop-limits, to help protect market gains while managing downside risk.

With our recent acquisition of Blaze Portfolio, trading and rebalancing features will be even more robust in 2021 and beyond.

With the LPL Proposal Tool, powered by AdvisoryWorld, you’re able to quickly and easily create customized investment proposals for existing or prospective clients. The robust investment analysis capabilities built inside the tool enable you to construct a target portfolio consisting of LPL models, or design a custom allocation of your own.

Customized proposals help drive meaningful conversation, creating a competitive advantage that helps you win new business.

Offered at a discount to LPL advisors, WealthVision, powered by eMoney, is a powerful web-based wealth planning tool that can help you gain a competitive advantage in your target market. Features include comprehensive views of clients’ financial portfolios, account aggregation, client communication capabilities, web-based reporting, and an easily accessible file repository.

Through Account View and its mobile app, your clients have secure, 24-hour online access to their investment account information via computer, tablet, or smartphone.

Your clients get online access to their accounts, statements, secure documents, and WealthVision. It is also provides a great avenue of communication for proposals and advice.

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Expand your service menu by charging for discrete services. This tool allows you to collect fees that aren’t a percentage of AUM, so you’re able to price and package services in creative ways. That might look like a standalone consultation or a more involved project, like evaluating rental investments.

AdvicePay is another tool that gives you the freedom to serve your clients your way.

MyRepChat will allow you to send text messages to clients and prospects. If you’re already using MyRepChat, you’ll keep your same number, contacts, and conversation history when you join LPL.