LPL adds direct indexing to its model portfolios program

LPL provides direct indexing to its Mannequin Wealth Portfolios program

Monetary advisors utilizing LPL Monetary’s Mannequin Wealth Portfolios unified account administration program will now have entry to direct indexing.

The agency introduced the enhancement at its flagship Focus 2023 occasion that ended Monday, and advisors can be ready at entry the function by new customized listed individually managed account options.

The addition of direct indexing capabilities provides advisors the potential to make funding methods extra tax environment friendly and create extra personalised outcomes for shoppers, two issues that Rob Pettman, LPL Monetary government vice chairman of wealth administration options, mentioned are in demand from advisors and their shoppers.

“Buyers need the flexibility to customise their funding technique with a purpose to obtain a variety of targets, together with decreasing general tax burden and/or avoiding a specific sector or safety,” he famous.

The brand new customized index SMAs, created by LPL Analysis utilizing MCSI Inc.’s indexes, can have a $100,000 minimal and provide advisors portfolio-building choices together with large-cap, small- and mid-cap, and worldwide equities.

“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 economic advisors and their shoppers,” mentioned Remy Briind, chief product officer and head of index at MSCI.


Advisors can even be capable of give attention to personalised tax outcomes because of the choice to tailor robotically recurring tax-harvesting methods distinctive to every consumer’s portfolio.

“The chance to ship personalised portfolios will help advisors ship extra worth to traders,” Pettman added. “Using direct indexing capabilities may assist to draw and retain traders in search of subtle and personalised funding recommendation.”

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Author: ZeroToHero

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