Lincoln Financial Network, the retail distribution division of Lincoln Financial Group, announced the launch of an expanded practice management program designed to help independent advisors operate and grow their practices more efficiently.

The Office of Practice Management (OPM) focuses on critical components, including strategic business planning, marketing support, compliance consulting, staffing support, advanced technology as well as continued training and education, according to the Philadelphia-based firm.

"Through the OPM, advisors will have access to a range of internal and external resources to help them bring their practices to the next level," said Seth Wolnek, national strategic advisor for Lincoln Financial Network. "This will be accomplished through strategic seminars, new technology, learning programs and research that provide insight into various trends in financial planning, regulations, legislations and best practices."

Wolnek added that Lincoln will continually monitor the marketplace and adapt the OPM to meet the needs of their advisors and equip them with the resources needed to compete in a challenging and competitive environment.