LPL advisors who specialize in advising retirement plans for small to large companies may now have the backing of a new network launched Tuesday by LPL Financial, the nation’s largest independent broker-dealer.

The Retirement Partners Group (RPG) is an “exclusive network of highly experienced LPL Financial-affiliated advisors” who focus primarily on this particular niche. Only a small percentage of LPL Financial advisors are qualified for membership in the group, according to a statement from the firm.

LPL’s retirement plan division, LPL Financial Retirement Partners, launched RPG to provide members with a unified national identity. RPG members will receive the benefits of a comprehensive branding and marketing effort and the opportunity to network with other top LPL retirement plan advisors.

The group will help broaden familiarity with LPL Financial as a major participant in this industry, Bill Chetney, executive vice president of LPL Financial Retirement Partners, said in a statement.

RPG’s first 87 members represent approximately 4,000 total plans with nearly $40 billion in plan assets.

“The Retirement Partners Group sets a lofty standard for retirement advisory expertise and service excellence,” Chetney said. “We believe it will be an inspiration for all our advisors, both within the retirement plan sector and for all LPL Financial advisors in general.”

To join the group advisors must be recognized leaders in the retirement plan industry, with at least 10 years of experience and hold approved industry professional designations. 

Kathleen A. Kelly, managing partner of Compass Financial Partners, said she is thrilled to be a member of RPG. “LPL Financial has done a tremendous job of providing my firm with excellent resources and support, and I anticipate that the Retirement Partners Group will take this support to an exciting new level.”

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