June 21, 2024


The business lovers

LPL Financial Celebrates 30 Years of Advisory Innovation

The start of the Strategic Asset Administration Platform place LPL and its advisors at the forefront of the innovative change to payment-dependent expert services

CHARLOTTE, N.C., Dec. 01, 2021 (Globe NEWSWIRE) — LPL Economic LLC (Nasdaq:LPLA) these days declared the thirtyth anniversary of its Strategic Asset Administration (SAM) advisory platform, one particular of the to start with-ever, fully payment-dependent platforms in the monetary expert services market. The platform paved the way for the firm’s ongoing advisory innovation. Now, LPL serves virtually $600 billion in advisory belongings, together with virtually $three hundred billion of belongings in SAM, and the company is a primary custodian to RIAs, institutional plans and impartial advisors, supporting the supply of customized monetary suggestions**.

The notion for SAM grew out of concepts and feedback from LPL advisors who expressed their wish for a platform that could home various mutual resources less than one particular account and enable them to charge customers an once-a-year payment instead than commissions. The platform launched in 1991 and was extensively embraced by LPL advisors. It gathered $5 billion in belongings in just a couple yrs, driving escalating differentiation for LPL and the firm’s potential to form the foreseeable future of suggestions.

“With the introduction of the SAM platform thirty yrs in the past, LPL and our advisors were being at the forefront of a innovative change, primary the market to a additional customized way of featuring monetary suggestions,” claimed Rob Pettman, LPL govt vice president, Wealth Administration. “Today, we manage our motivation to advisor partnership, advisory innovation and primary into the foreseeable future of suggestions. Our objective is to equip our RIAs, institutional plans and impartial advisors with the industry’s most diverse and powerful suite of wealth management answers, offering them the ability to differentiate their methods and produce exceptional service to their customers. As we glance ahead at 2022, we will showcase further innovation that provides our advisors additional decision, comfort and control.”

About LPL Economic
LPL Economic (Nasdaq: LPLA) was founded on the theory that the company should really function for the advisor, and not the other way about. Now, LPL is a chief* in the marketplaces we serve, supporting additional than 19,000 monetary advisors, 800 establishment-dependent investment decision plans and 450 impartial RIA companies nationwide. We are steadfast in our motivation to the advisor-centered design and the perception that Individuals are worthy of accessibility to customized guidance from a monetary advisor. At LPL, independence means that advisors have the independence they are worthy of to select the business enterprise design, expert services, and technological know-how methods that enable them to operate their best practice. And they have the independence to control their shopper relationships, because they know their customers best. Simply just place, we acquire care of our advisors, so they can acquire care of their customers.

*Top rated RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. 1 Independent Broker-Dealer in the U.S (Based mostly on whole revenues, Economic Setting up journal 1996-2021) No. 1 supplier of 3rd-party brokerage expert services to banks and credit history unions (2020-2021 Kehrer Bielan Analysis & Consulting Yearly TPM Report) Fortune 500 as of June 2021

**Knowledge as of ten/31/21.

There is no assurance that Strategic Asset Administration accounts are ideal for all buyers or will generate beneficial outcomes. The obtain of selected securities will be expected to have an effect on some of the tactics. Investing requires threats together with achievable loss of principal.

Securities and advisory expert services provided by way of LPL Economic LLC, an SEC-registered broker-supplier and investment decision advisor. Member FINRA/SIPC.

During this interaction, the phrases “financial advisors” and “advisors” are made use of to refer to registered reps and/or investment decision advisor reps affiliated with LPL Economic LLC. We routinely disclose info that may possibly be vital to shareholders in the “Investor Relations” or “Press Releases” area of our web-site.

Hook up with Us!




Media Make contact with:
Lauren Hoyt-Williams
(980) 321-1232
[email protected]