LPL Adds Direct Indexing to Its Model Wealth Portfolios Platform

LPL Provides Direct Indexing to Its Mannequin Wealth Portfolios Platform

CHARLOTTE, N.C., Aug. 05, 2023 (GLOBE NEWSWIRE) — LPL Monetary immediately 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 customized 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., can have minimums of $100k and embody large-cap, small- and mid-cap, and worldwide fairness choices, permitting advisors to create strong core portfolios custom-made to the distinctive wants of the consumer.

“Monetary advisors are all the time trying to assist enhance consumer outcomes and ship customized funding options,” mentioned Rob Pettman, govt vice chairman, Wealth Administration Options at LPL Monetary. “Traders need the flexibility to customise their funding technique with the intention to obtain a spread of objectives, together with decreasing total tax burden and/or avoiding a specific sector or safety.”

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

LPL’s direct indexing technique might be out there 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 customized 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 customized 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 manner round. Immediately, LPL is a pacesetter within the markets we serve, serving practically 22,000 monetary advisors, together with advisors at roughly 1,100 enterprises and at roughly 550 registered funding advisor (“RIA”) companies nationwide. We’re steadfast in our dedication to the advisor-mediated mannequin and the idea that People deserve entry to customized steerage from a monetary advisor. At LPL, independence implies that advisors have the liberty they deserve to decide on the enterprise mannequin, providers, and know-how assets that enable them to run their good apply. And so they have the liberty to handle their consumer relationships, as a result of they know their purchasers finest. Merely put, we handle our advisors, to allow them to handle their purchasers.

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

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

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