Fiduciary Benchmarks (FBi) and LPL Financial are teaming up to offer advisors more oversight and convenience.
FBi said Tuesday that LPL Financial advisors now have access to the new Business Management Dashboard—an open architecture platform where retirement advisors can bring together all of their data and tools to structure efficient client and prospect workflows.
The dashboard showcases task and workflow functionality with a simplified and enhanced user interface for FBI’s patented benchmarking methodology.
The company began conceptualizing the Business Management Dashboard in November 2018. The strategic question to address: “Should it be a product on someone else’s platform or be the platform?”
After conducting a comprehensive marketplace analysis, the FBi management team decided that it was better positioned to be the platform.
“The reaction to the Business Management Dashboard has been exceptional based on feedback from advisors,” Tom Kmak, CEO of Fiduciary Benchmarks, said in a statement. “We believe we have developed a single platform that gives advisors access to best of breed tools, regardless of which tools they are using.”
“We strive to deliver our advisors access to technology tools and resources that can help them operate their businesses efficiently and cost-effectively,” Christina Marschinke, Senior Vice President of LPL Financial, Retirement Partners and High Net Worth Solutions, added. “FBi has delivered a valuable platform that
is easy to use and can enhance an advisors’ ability to manage and grow their retirement plan business.”
FBi is creating a series of single sign-on and real-time API integrations to allow financial advisors to use whatever tools they desire in the marketplace.
The first integrations being built are concentrating on investment analytics providers and RFP providers.
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
