Skip to content
Microfocus

Microfocus

Mad about business

Primary Menu Microfocus

Microfocus

  • Business Owner
  • Business Ideas
  • Business News
  • Business Law‎
  • Business
  • Real estate
  • About Us
    • Sitemap
    • Privacy Policy
    • Contact Us
    • Advertise Here
  • Education‎

LPL Financial Adds Separately Managed Account Strategies To Model Wealth Portfolios Platform

Malik Runswick April 6, 2022

[ad_1]

Advisors benefit from expanded choice and efficiency with LPL’s new UMA

CHARLOTTE, N.C., March 31, 2022 (GLOBE NEWSWIRE) — LPL Financial LLC today announced that advisors can now access separately managed account (SMA) strategies as an investment option within Model Wealth Portfolios (MWP). The addition to MWP, the firm’s largest centrally managed platform, with over $83B in assets under management**, creates a unified managed account (UMA) where advisors are able to pair SMA strategies with their own models or models from other third-party money managers, combining ETFs, mutual funds, and SMA strategies in one client account.

“With this latest enhancement to MWP, we continue to forge ahead in our journey to deliver the premier wealth management platform in the industry. Advisors gain access to SMA strategies with the efficiency of a UMA, offering greater choice and flexibility and the ability to design portfolios that are tailored to each individual client’s need,” said Rob Pettman, LPL executive vice president, Wealth Management Solutions. “At LPL, we will continue to invest, innovate, and look to advisors for input and feedback to be able to offer a differentiated set of wealth management solutions that help advisors serve the growing demand for personalized guidance through an advisor relationship.”

SMAs provide advisors the opportunity to offer clients institutional investor strategies with lower minimums. With access to SMA strategies within MWP, advisors have the opportunity to provide clients with tailored investment strategies, investment styles, and asset classes or sectors, which they can own as individual securities – rather than as a pooled fund. By owning the securities themselves, clients have more transparency into account movements and more opportunities for tax management.

About LPL Financial
LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader in the markets we serve,* supporting nearly 20,000 financial advisors, and approximately 800 institution-based investment programs and 500 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.

*Top RIA custodian (Cerulli Associates, 2020 U.S. RIA Marketplace Report); No. 1 Independent Broker-Dealer in the U.S (Based on total revenues, Financial Planning magazine 1996-2021); No. 1 provider of third-party brokerage services to banks and credit unions (2020-2021 Kehrer Bielan Research & Consulting Annual TPM Report); Fortune 500 Company as of June 2021. LPL and its affiliated companies provide financial services only from the United States.

** Amount as of 12/31/2021

Securities and advisory services offered through LPL Financial LLC, an SEC-registered broker-dealer and investment advisor. Member FINRA/ SIPC.

Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial LLC. We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

Investing involves risks including possible loss of principal. No investment strategy or risk management technique can guarantee return of eliminate risk in all market environments. In choosing to participate in an SMA, investors should carefully consider the amount they plan to invest; their investment objectives; and the SMA’s investment objectives, risks, charges and expenses before investing.

Investing in a SMA involves direct ownership of the assets purchased by the investment manager on the investor’s behalf. Therefore, all investors should understand and be able to bear all of the risks associated with the underlying assets. The amount and type of investment restrictions are subject to change and manager’s acceptance. The structure of SMAs exposes them to special risks including taxation risk, portfolio risk, and potentially high fees.

Connect with Us!

https://twitter.com/lpl

https://www.linkedin.com/company/lpl-financial

https://www.facebook.com/LPLFinancialLLC

https://www.youtube.com/user/lplfinancialllc

Media Contact:
Rachel Wood
(980) 428-3539
[email protected]



[ad_2]

Source link

Tags: account, adds, financial, LPL, Managed, model, platform, Portfolios, Separately, strategies, Wealth

Continue Reading

Previous Punishing failure, best economics teaching
Next Intermountain, SCL Health complete merger, creating 33-hospital system

More Stories

  • Education‎

Russian cybercrime gang Killnet claims Lockheed Martin staff data hack

Malik Runswick August 14, 2022
  • Education‎

Cerner will pay $1.8 million in racial discrimination case

Malik Runswick August 12, 2022
  • Education‎

China Extends Military Exercises as Taiwan Battles Cyberattacks

Malik Runswick August 9, 2022
June 2023
M T W T F S S
 1234
567891011
12131415161718
19202122232425
2627282930  
« May    

Archives

  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017

Recent Posts

  • Future of Digital Marketing
  • How is HR in Small Businesses Different from Large Companies?
  • The Advantages of Coaching for Organizations, Teams and Individuals
  • Highly Effective Digital Marketing Strategies
  • Does a Pharmacist Career Offer Flexibility?

BL

You may have missed

  • Business Owner

Future of Digital Marketing

Malik Runswick June 4, 2023 0
  • Real estate

How is HR in Small Businesses Different from Large Companies?

Rehan June 3, 2023 0
  • Real estate

The Advantages of Coaching for Organizations, Teams and Individuals

Malik Runswick June 3, 2023 0
  • Business Owner

Highly Effective Digital Marketing Strategies

Malik Runswick June 2, 2023 0
  • Business Ideas

Does a Pharmacist Career Offer Flexibility?

Malik Runswick June 1, 2023 0
microfocus-x-ray.com | CoverNews by AF themes.

WhatsApp us