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LPL Financial Celebrates 30 Years of Advisory Innovation

The launch of the Strategic Asset Management Platform set LPL and its advisors at the forefront of the innovative change to cost-based expert services

CHARLOTTE, N.C., Dec. 01, 2021 (Globe NEWSWIRE) — LPL Economical LLC (Nasdaq:LPLA) today announced the 30th anniversary of its Strategic Asset Management (SAM) advisory platform, one particular of the initially-at any time, entirely cost-based platforms in the economical expert services field. The platform paved the way for the firm’s ongoing advisory innovation. These days, LPL serves almost $600 billion in advisory property, which include almost $300 billion of property in SAM, and the business is a foremost custodian to RIAs, institutional packages and impartial advisors, supporting the supply of individualized economical tips**.

The strategy for SAM grew out of tips and feed-back from LPL advisors who expressed their drive for a platform that could property many mutual money underneath one particular account and let them to demand purchasers an once-a-year cost instead than commissions. The platform introduced in 1991 and was greatly embraced by LPL advisors. It gathered $five billion in property in just a number of decades, driving rising differentiation for LPL and the firm’s potential to form the long term of tips.

“With the introduction of the SAM platform 30 decades in the past, LPL and our advisors ended up at the forefront of a innovative change, foremost the field to a far more individualized way of offering economical tips,” explained Rob Pettman, LPL government vice president, Prosperity Management. “Today, we maintain our motivation to advisor partnership, advisory innovation and foremost into the long term of tips. Our intention is to equip our RIAs, institutional packages and impartial advisors with the industry’s most numerous and powerful suite of wealth administration solutions, offering them the means to differentiate their tactics and produce remarkable assistance to their purchasers. As we glance in advance at 2022, we will showcase even more innovation that provides our advisors far more alternative, usefulness and management.”

About LPL Economical
LPL Economical (Nasdaq: LPLA) was established on the theory that the business need to perform for the advisor, and not the other way around. These days, LPL is a chief* in the marketplaces we provide, supporting far more than 19,000 economical advisors, 800 establishment-based financial commitment packages and 450 impartial RIA firms nationwide. We are steadfast in our motivation to the advisor-centered model and the belief that Individuals are worthy of obtain to individualized assistance from a economical advisor. At LPL, independence signifies that advisors have the flexibility they are worthy of to pick out the business enterprise model, expert services, and know-how resources that let them to operate their ideal follow. And they have the flexibility to manage their customer interactions, for the reason that they know their purchasers greatest. Just set, we just take treatment of our advisors, so they can just take treatment of their purchasers.

*Leading RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. one Independent Broker-Dealer in the U.S (Based on overall revenues, Economical Setting up magazine 1996-2021) No. one supplier of 3rd-occasion brokerage expert services to banking institutions and credit unions (2020-2021 Kehrer Bielan Analysis & Consulting Once-a-year TPM Report) Fortune 500 as of June 2021

**Knowledge as of 10/31/21.

There is no assurance that Strategic Asset Management accounts are suitable for all investors or will produce favourable outcomes. The order of specific securities will be demanded to have an impact on some of the approaches. Investing will involve risks which include feasible decline of principal.

Securities and advisory expert services provided by way of LPL Economical LLC, an SEC-registered broker-seller and financial commitment advisor. Member FINRA/SIPC.

In the course of this communication, the phrases “financial advisors” and “advisors” are made use of to refer to registered representatives and/or financial commitment advisor representatives affiliated with LPL Economical LLC. We routinely disclose facts that might be essential to shareholders in the “Investor Relations” or “Press Releases” part of our site.

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Media Get in touch with:
Lauren Hoyt-Williams
(980) 321-1232
[email protected]