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John Hancock Makes LPL’s Employee Advice Solution Available

John Hancock Retirement Plan Services (JHRPS) announced June 26 that it is supporting the use of LPL Financial’s Employee Advice Solution (EAS), a tool available within LPL’s Worksite Financial Solutions platform. The firm will support the tool administratively for its mutual Total Retirement Solutions (TRS) clients who have contracted with LPL for access to the service and directed JHRPS to provide that administrative support.

Launched by LPL in 2014, the EAS tool enables the delivery of custom-tailored participant advice through an online service that collects information about a participant’s financial picture. Based on that information, participants can elect to receive personalized retirement advice or manage their accounts on their own. They can also elect to receive advice all the way through retirement.

JHRPS provides a daily participant-level data feed when requested by plan sponsors, enabling LPL advisors to provide tailored financial advice and facilitate a closer relationship between advisors and plan participants.

For more on JHRPS’ value-adds for advisors, visit their NAPA Partner Corner page. And to learn about John Hancock Investments, the firm’s DCIO, click here.

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