Prudential and LPL Collaborate to Expand Access to Retirement Security
The solution will be designed to reach financial advisors who do not typically use protected lifetime income and other insurance-led retirement solutions in their wealth management practices today. Recent “Peak 65” research shows that more than 11,000 Americans are turning 65 every day1. And although people also are living longer than ever, only a small fraction of the
“We are excited about this opportunity to deepen our already strong relationship, reaching an even broader set of advisors within LPL’s industry-leading network,” said Ann Nanda, head of Future Growth Initiatives and Distribution Enablement at Prudential Retirement Strategies. “Our pioneering work together will expand access to retirement security, helping more clients protect their life’s work, so they can live better lives, longer.”
This solution will result in offering multiple Prudential individual, insurance-based retirement products for consideration by LPL’s network of 29,000 financial advisors. This also follows the recently launched strategic relationship and integration of Prudential Advisors, Prudential’s
“Our collaboration with Prudential marks a significant step forward in how we empower advisors and clients to secure their retirement futures,” said Cheri Belski, executive vice president and head of LPL Investment Management Solutions. “Retirement strategies are at the heart of our mission, and we’re making them a central focus of our ongoing innovation. By investing deeply in retirement solutions like the Insurance Overlay, LPL is dedicated to helping advisors deliver lasting income security to clients — today and for years to come.”
1 The Peak 65 Zone is Here. J. Fichtner, PhD, 2024.
About Prudential
Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately
Prudential’s Retirement Strategies business expands access to retirement security by providing more than
Annuities are issued by Pruco Life Insurance Company,
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”) or its affiliate LPL Enterprise, LLC (“LPL Enterprise”), both registered investment advisors and broker-dealers. Members FINRA/SIPC.
Prudential Financial, Inc., Prudential Advisors, Prudential, PICA, LPL Holdings Inc., LPL Financial and LPL Enterprise are separate entities.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial or LPL Enterprise.
LPL routinely discloses information that may be important to shareholders in the Investor Relations or Press Releases sections of its website.
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For more information, please contact:
Kristen Doyle
kristen.doyle@prudential.com
201-835-4872
Source: Prudential Financial, Inc.