According to InvestmentNews, LPL Financial has instituted a financial planning service for use by its affiliated and employee representatives. 

First, the team of paraplanners will work alongside advisors to learn what clients need. Next, the paraplanners will gather data and input that data into planning software to provide financial plans for the advisors' clients. The paraplanners will use software such as eMoney, WealthVision, MoneyGuidePro, and Right Capital, to generate insights. LPL stated in a release that the plan will become a guide for advisors and their clients, with plan maintenance available on an annual basis. 

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