LPL Selects Retiremap for Financial Wellness Offering

LPL Financial has selected Retiremap to provide a financial wellness program for retirement plan advisers and their plan sponsor clients. Retiremap is now part of LPL’s Vendor Affinity Program.

For plan sponsors, Retiremap increases employee engagement and improves financial wellness, while reducing fiduciary liability. For employees, Retiremap gets them financially on track, while also increasing plan enrollments and savings rates.

“What sets Retiremap apart is complete alignment with the plan adviser’s business model along with a service model where each advisory firm has their own Retiremap relationship manager,” says Matt Iverson, CEO and founder of Retiremap. “Retiremap’s aspirational, holistic approach doesn’t just focus on consumer debt, but also encourages employees to save more in their retirement plan while accomplishing their financial goals.”

LPL recently also partnered with Ramsey Solutions to offer its financial wellness program, SmartDollar, and last September, the firm started offering Financial Finesse’s financial wellness program.