To meet retirement goals as affordably as possible, 401(k) participants must do three basic things – save early and often, keep account fees to a minimum, and invest appropriately. To invest appropriately, participants must construct - and maintain – an investment portfolio that includes a diversified mix of investments based on their time horizon (time to retirement) and risk tolerance. An appropriate portfolio balances the participant’s growth potential with risk of losses. Striking this balance is important. Otherwise, a participant could miss out on returns by investing too conservatively when young or sustain unrecoverable losses by investing too aggressively when older.
Given the stakes, it’s not surprising that many 401(k) participants want professional help investing their account. By partnering with us, you can receive the professional advice you need to create a thoughtful strategy that brings your personal vision of financial independence into focus - whether you are just getting started or nearing retirement.
Our Participant Consulting Advice Program (PCAP) is designed to provide clients with advice at the individual participant level where advisors deliver one-on-one advice and investment support for qualified plan participants through LPL Financial’s Registered Investment Advisor (RIA). Advisors may also engage with the Plan Sponsor to provide PCAP services.
Through PCAP, an Investment Advisor Representative (IAR) may provide clients with asset allocation and/or specific investment recommendations for the client’s retirement plan assets that are help at a custodian other than LPL Financial.
The services are provided through a one-time engagement; they are not provided on an ongoing basis. And, it is up to the client to decide whether or not to implement the recommendations made by the IAR.
PCAP is specifically designed for current 401(k) and group retirement participants. If you are NOT a current participant, but still have a 401(k) from a previous employer, contact us to discuss your options. Here are some examples of who PCAP is designed for:
PCAP provide plan participants with personalized, objective advice and investment support through PCAP. When you are enrolled in PCAP, you will receive the following services.
Here is the process for working with us through PCAP:
1. Provide Information and Sign
To receive specific recommendations for your participant 401(k) account, you will need to send us the following information:
2. Complete Your Digital Risk Tolerance Questionnaire
You will receive an email inviting you to answer short questions to help us assess your overall risk tolerance. Based on this information, we will be able to provide a portfolio allocation that it is appropriate for your goals and objectives.
3. Receive Your Custom Allocation Recommendations
Within 1-2 weeks, we will provide a formal, written analysis report of your current holdings and a custom allocation based on the available fund options within your company 401(k) plan. We will also help you schedule a phone call with one of our advisors to make sure you understand the recommendations and answer any additional questions you may have.
For a limited time as our introductory fee, we are offering access to PCAP for a flat fee of $250 per account.
It's never too soon to start preparing for retirement. But do you know what to look out for? Download our free ebook, "Retire Happy: A Simple Guide to Your Next Big Adventure."