Bill Chetney has been named president of LPL Retirement Partners. The appointment is effective Jan. 1, 2014.
Currently the executive vice president of the company, Chetney previously served as founder, CEO and president of National Retirement Partners (NRP), which offered retirement-related services to employers nationwide as well as high-net-worth individuals. In 2010, LPL Financial acquired certain assets of NRP that created the basis of its just-launched retirement-focused division.
During Chetney’s tenure, LPL Retirement has recruited more than 400 advisors and grown its overall retirement plan asset base to more than $94 billion of assets under management as of Sept. 30, 2013. It services more than 32,000 retirement plans with approximately 3 million participants. Chetney reports to Robert Moore, president of LPL Financial Holdings, Inc.
Prudential Retirement has reached an agreement with DST Retirement Solutions to utilize its Retirement Income Clearing Calculator (RICC).