LPL Financial Celebrates 30 Years of Advisory Innovation

The launch of the Strategic Asset Management System put LPL and its advisors at the forefront of the revolutionary change to rate-centered products and services

CHARLOTTE, N.C., Dec. 01, 2021 (Globe NEWSWIRE) — LPL Economic LLC (Nasdaq:LPLA) now announced the 30th anniversary of its Strategic Asset Management (SAM) advisory platform, 1 of the to start with-at any time, thoroughly price-primarily based platforms in the money providers marketplace. The platform paved the way for the firm’s ongoing advisory innovation. Now, LPL serves nearly $600 billion in advisory assets, together with practically $300 billion of property in SAM, and the company is a main custodian to RIAs, institutional courses and unbiased advisors, supporting the shipping of individualized economic suggestions**.

The strategy for SAM grew out of ideas and suggestions from LPL advisors who expressed their desire for a system that could property several mutual resources below a single account and allow them to charge clientele an annual payment fairly than commissions. The platform launched in 1991 and was commonly embraced by LPL advisors. It accumulated $5 billion in property in just a several a long time, driving raising differentiation for LPL and the firm’s capacity to condition the foreseeable future of guidance.

“With the introduction of the SAM platform 30 decades in the past, LPL and our advisors ended up at the forefront of a revolutionary shift, main the business to a extra personalised way of giving monetary guidance,” claimed Rob Pettman, LPL government vice president, Prosperity Management. “Today, we sustain our commitment to advisor partnership, advisory innovation and top into the potential of assistance. Our target is to equip our RIAs, institutional programs and impartial advisors with the industry’s most various and compelling suite of prosperity administration answers, providing them the ability to differentiate their tactics and deliver remarkable support to their clientele. As we search ahead at 2022, we will showcase more innovation that offers our advisors more option, advantage and regulate.”

About LPL Economical
LPL Financial (Nasdaq: LPLA) was started on the principle that the company need to get the job done for the advisor, and not the other way all over. Nowadays, LPL is a chief* in the markets we serve, supporting much more than 19,000 economical advisors, 800 institution-primarily based expense systems and 450 unbiased RIA corporations nationwide. We are steadfast in our commitment to the advisor-centered product and the belief that Us residents should have access to personalized steering from a money advisor. At LPL, independence indicates that advisors have the flexibility they ought to have to pick the company model, services, and technology assets that allow for them to operate their fantastic exercise. And they have the independence to control their consumer relationships, because they know their customers ideal. Simply just set, we get care of our advisors, so they can just take care of their shoppers.

*Top rated RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. 1 Independent Broker-Vendor in the U.S (Centered on complete revenues, Fiscal Setting up magazine 1996-2021) No. 1 provider of third-social gathering brokerage expert services to financial institutions and credit unions (2020-2021 Kehrer Bielan Investigate & Consulting Once-a-year TPM Report) Fortune 500 as of June 2021

**Info as of 10/31/21.

There is no assurance that Strategic Asset Administration accounts are suitable for all traders or will produce positive results. The order of specified securities will be expected to have an affect on some of the approaches. Investing requires pitfalls together with possible reduction of principal.

Securities and advisory products and services provided by way of LPL Financial LLC, an SEC-registered broker-vendor and expense advisor. Member FINRA/SIPC.

In the course of this communication, the terms “financial advisors” and “advisors” are applied to refer to registered representatives and/or financial commitment advisor associates affiliated with LPL Financial LLC. We routinely disclose data that might be essential to shareholders in the “Investor Relations” or “Press Releases” section of our web page.

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