LPL Now Offering Business Value Assurance Program
LPL Financial, the nation’s largest independent broker-dealer, has introduced a succession plan that protects the value of an advisor’s business if he or she dies, becomes disabled or must otherwise leave the business unexpectedly.
LPL’s Assurance Plan provides a guaranteed, predetermined minimum purchase price based on a multiple of the advisor’s recurring revenue. LPL can also facilitate the sale of the advisor’s business to another qualified LPL advisor, commission-free, providing any additional proceeds above the guaranteed amount to the advisor or their family.
Ocrolus Launches PPP Loan Forgiveness Solution With Audit Trail
Ocrolus Inc., a New York City-based financial technology company, has released an addition to its namesake product that allows lenders to convert Paycheck Protection Program loans from the Small Business Administration into forgivable grants.
After the federal government enacted the Coronavirus Aid, Relief, and Economic Security Act (CARES) in March, lenders used the Ocrolus cloud-based solution to process over 500,000 PPP loan origination applications by capturing and digitizing payroll reports, bank statements, tax forms and other documents used to substantiate and calculate PPP loan requests.
Those loans are now becoming eligible for conversion to forgivable grants. With the Ocrolus PPP loan forgiveness solution, originating lenders can just as easily and efficiently produce a PPP compliance report, providing loan officers with an at-a-glance snapshot of supporting documentation.
Buckingham Wealth Launches Covid-19 Q&A Website
Buckingham Wealth Partners, a comprehensive wealth management platform headquartered in St. Louis, has responded to client concerns about the Covid-19 pandemic by launching AskBuckingham.com, a question-and-answer website with a responsive video podcast series helmed by a team of the firm’s experts.
At AskBuckingham.com, individuals can submit questions and receive timely responses in video podcast format. Host Tim Maurer, Buckingham’s director of advisor development, leads a panel of experts.