LPL Adds Direct Indexing to Its Model Wealth Portfolios Platform

LPL Provides Direct Indexing to Its Mannequin Wealth Portfolios Platform

New functionality helps give advisors a aggressive edge with potential for improved after-tax outcomes for purchasers

CHARLOTTE, N.C., Aug. 05, 2023 (GLOBE NEWSWIRE) — LPL Monetary at the moment introduced the provision of direct indexing throughout the agency’s Mannequin Wealth Portfolios (MWP) unified managed account program. The brand new technique was introduced at LPL’s flagship occasion for monetary professionals, Focus 2023, held from August 4 to August 7 in San Diego, CA.

Direct indexing can assist make buying and selling funding methods extra tax environment friendly, whereas additionally creating personalised outcomes for purchasers, which advantages advisors and traders alike. Accessible by means of new customized listed individually managed account (SMA) options in MWP, the providing will present a basis for highly effective tax and portfolio administration capabilities. The customized index SMAs, which had been designed by LPL Analysis using industry-leading indexes from MSCI Inc., may have minimums of $100k and embody large-cap, small- and mid-cap, and worldwide fairness choices, permitting advisors to create strong core portfolios personalized to the distinctive wants of the shopper.

“Monetary advisors are at all times seeking to assist enhance shopper outcomes and ship personalised funding options,” mentioned Rob Pettman, government vice chairman, Wealth Administration Options at LPL Monetary. “Traders need the power to customise their funding technique so as to obtain a spread of targets, together with lowering general tax burden and/or avoiding a specific sector or safety.”

“MSCI is delighted to collaborate with LPL Monetary as they leverage personalized variations of the MSCI USA and EAFE ADR indexes as the inspiration to ship funding options that meet the rising wants of monetary advisors and their purchasers,” mentioned Remy Briand, chief product officer and head of Index at MSCI.

LPL’s direct indexing technique shall be accessible starting in August 2023, offering advisors with better customization and management, together with the choice to tailor automatically-recurring tax harvesting methods distinctive to every of their purchasers’ MWP portfolios, serving to to enhance their purchasers’ tax outcomes.

“The chance to ship personalised portfolios can assist advisors ship extra worth to traders,” added Pettman. “Using direct indexing capabilities may assist to draw and retain traders on the lookout for refined and personalised funding recommendation.”

About LPL Monetary

LPL Monetary Holdings Inc. (Nasdaq: LPLA) was based on the precept that the agency ought to work for the advisor, and never the opposite approach round. Immediately, LPL is a frontrunner within the markets we serve, serving almost 22,000 monetary advisors, together with advisors at roughly 1,100 enterprises and at roughly 550 registered funding advisor (“RIA”) corporations nationwide. We’re steadfast in our dedication to the advisor-mediated mannequin and the idea that People deserve entry to personalised steering from a monetary advisor. At LPL, independence signifies that advisors have the liberty they deserve to decide on the enterprise mannequin, companies, and know-how sources that enable them to run their good apply. They usually have the liberty to handle their shopper relationships, as a result of they know their purchasers finest. Merely put, we maintain our advisors, to allow them to maintain their purchasers.

Securities and Advisory companies provided by means of LPL Monetary LLC (“LPL Monetary”), a registered funding advisor. Member FINRA/SIPC. LPL Monetary and its affiliated firms present monetary companies solely from the USA.

All through this communication, the phrases “monetary advisors” and “advisors” are used to check with registered representatives and/or funding advisor representatives affiliated with LPL Monetary.

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