Case Study: LPL Financial achieves $72K in training cost savings and 30% higher course completions with SumTotal Systems

LPL Financial - Customer Case Study

LPL Financial, one of the nation’s leading financial services firms and the largest independent broker/dealer serving more than 12,000 advisors, faced a 30% budget cut and needed to retrain a dispersed sales force on complex, regulated products while boosting product knowledge and aligning learning with firm initiatives.

LPL implemented SumTotal Learn, Maestro and Extended Enterprise (cloud) to deliver a blended curriculum of eLearning, classroom and virtual instructor-led training with unified ILT/OLT reporting and 24/7 access. The integrated solution saved $72,000 in training costs, raised course completion rates by 30% and significantly reduced time spent processing business.

LPL Financial

Andi Campbell

Director of Education & Consulting