LPL Financial Celebrates 30 Years of Advisory Innovation

The launch of the Strategic Asset Administration Platform put LPL and its advisors at the forefront of the revolutionary shift to cost-dependent expert services

CHARLOTTE, N.C., Dec. 01, 2021 (Globe NEWSWIRE) — LPL Money LLC (Nasdaq:LPLA) nowadays declared the 30th anniversary of its Strategic Asset Administration (SAM) advisory system, one particular of the to start with-at any time, absolutely cost-dependent platforms in the economic expert services business. The system paved the way for the firm’s ongoing advisory innovation. Currently, LPL serves virtually $600 billion in advisory assets, including virtually $three hundred billion of assets in SAM, and the agency is a top custodian to RIAs, institutional programs and independent advisors, supporting the delivery of customized economic suggestions**.

The notion for SAM grew out of concepts and feed-back from LPL advisors who expressed their motivation for a system that could residence multiple mutual resources underneath one particular account and allow for them to demand clientele an once-a-year cost relatively than commissions. The system released in 1991 and was greatly embraced by LPL advisors. It gathered $five billion in assets in just a handful of years, driving escalating differentiation for LPL and the firm’s capability to condition the foreseeable future of suggestions.

“With the introduction of the SAM system 30 years in the past, LPL and our advisors have been at the forefront of a revolutionary shift, top the business to a extra customized way of offering economic suggestions,” mentioned Rob Pettman, LPL govt vice president, Prosperity Administration. “Today, we manage our commitment to advisor partnership, advisory innovation and top into the foreseeable future of suggestions. Our purpose is to equip our RIAs, institutional programs and independent advisors with the industry’s most assorted and powerful suite of wealth administration options, giving them the potential to differentiate their procedures and deliver fantastic provider to their clientele. As we appear in advance at 2022, we will showcase even more innovation that provides our advisors extra option, advantage and regulate.”

About LPL Money
LPL Money (Nasdaq: LPLA) was established on the theory that the agency must do the job for the advisor, and not the other way around. Currently, LPL is a leader* in the markets we provide, supporting extra than 19,000 economic advisors, 800 institution-dependent expense programs and 450 independent RIA companies nationwide. We are steadfast in our commitment to the advisor-centered product and the perception that People ought to have entry to customized direction from a economic advisor. At LPL, independence usually means that advisors have the freedom they ought to have to choose the organization product, expert services, and technological know-how resources that allow for them to operate their best exercise. And they have the freedom to deal with their customer associations, simply because they know their clientele greatest. Simply put, we just take treatment of our advisors, so they can just take treatment of their clientele.

*Leading RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. one Impartial Broker-Seller in the U.S (Primarily based on complete revenues, Money Arranging journal 1996-2021) No. one company of third-get together brokerage expert services to banking institutions and credit score unions (2020-2021 Kehrer Bielan Investigation & Consulting Yearly TPM Report) Fortune five hundred as of June 2021

**Details as of ten/31/21.

There is no assurance that Strategic Asset Administration accounts are suited for all buyers or will generate constructive outcomes. The purchase of certain securities will be expected to have an impact on some of the methods. Investing will involve threats including attainable reduction of principal.

Securities and advisory expert services provided via LPL Money LLC, an SEC-registered broker-seller and expense advisor. Member FINRA/SIPC.

Through this interaction, the conditions “financial advisors” and “advisors” are made use of to refer to registered representatives and/or expense advisor representatives affiliated with LPL Money LLC. We routinely disclose information that might be critical to shareholders in the “Investor Relations” or “Press Releases” portion of our site.

Connect with Us!

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