Advisor John Carroll, who was formerly a financial advisor at Merrill Lynch, is moving his $130 million practice to an LPL affiliate in large part because of the retirement plan services offered by the firm. So reports Financial Planning. LPL affiliates Financial Partners and Pensionmark Retirement Group provide a high level of services along with technological and operational support, maintains Alexandria, La.-based Carroll.
Qualified longevity annuities have been generating their fair share of media coverage following regulatory changes last year that allow the products to be used with qualified retirement plans. In the aftermath of the new regulations, employer sponsored retirement plans and IRA providers are expected to start promoting the annuities in the coming months.