LPL Financial Celebrates 30 Years of Advisory Innovation

The start of the Strategic Asset Management Platform place LPL and its advisors at the forefront of the innovative change to rate-centered companies

CHARLOTTE, N.C., Dec. 01, 2021 (World NEWSWIRE) — LPL Financial LLC (Nasdaq:LPLA) now introduced the thirtyth anniversary of its Strategic Asset Management (SAM) advisory system, 1 of the initially-ever, entirely rate-centered platforms in the economical companies industry. The system paved the way for the firm’s ongoing advisory innovation. These days, LPL serves nearly $600 billion in advisory property, including nearly $300 billion of property in SAM, and the agency is a major custodian to RIAs, institutional programs and independent advisors, supporting the shipping of individualized economical suggestions**.

The idea for SAM grew out of suggestions and feed-back from LPL advisors who expressed their need for a system that could dwelling a number of mutual money underneath 1 account and allow them to charge consumers an annual rate rather than commissions. The system introduced in 1991 and was commonly embraced by LPL advisors. It amassed $5 billion in property in just a several many years, driving rising differentiation for LPL and the firm’s ability to condition the foreseeable future of suggestions.

“With the introduction of the SAM system thirty many years ago, LPL and our advisors had been at the forefront of a innovative change, major the industry to a far more individualized way of presenting economical suggestions,” claimed Rob Pettman, LPL govt vice president, Wealth Management. “Today, we preserve our commitment to advisor partnership, advisory innovation and major into the foreseeable future of suggestions. Our objective is to equip our RIAs, institutional programs and independent advisors with the industry’s most numerous and powerful suite of wealth administration solutions, offering them the skill to differentiate their procedures and supply exceptional support to their consumers. As we glance ahead at 2022, we will showcase more innovation that gives our advisors far more option, convenience and manage.”

About LPL Financial
LPL Financial (Nasdaq: LPLA) was launched on the basic principle that the agency need to perform for the advisor, and not the other way close to. These days, LPL is a chief* in the markets we provide, supporting far more than 19,000 economical advisors, 800 establishment-centered expense programs and 450 independent RIA corporations nationwide. We are steadfast in our commitment to the advisor-centered design and the belief that People should have obtain to individualized steerage from a economical advisor. At LPL, independence indicates that advisors have the liberty they should have to choose the enterprise design, companies, and technological know-how resources that allow them to run their best apply. And they have the liberty to manage their consumer relationships, since they know their consumers most effective. Only place, we consider care of our advisors, so they can consider care of their consumers.

*Prime RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. one Impartial Broker-Supplier in the U.S (Primarily based on overall revenues, Financial Planning journal 1996-2021) No. one provider of 3rd-get together brokerage companies to banking companies and credit rating unions (2020-2021 Kehrer Bielan Analysis & Consulting Annual TPM Report) Fortune five hundred as of June 2021

**Facts as of 10/31/21.

There is no assurance that Strategic Asset Management accounts are acceptable for all investors or will generate optimistic outcomes. The buy of specified securities will be essential to impact some of the tactics. Investing entails pitfalls including achievable reduction of principal.

Securities and advisory companies made available by LPL Financial LLC, an SEC-registered broker-vendor and expense advisor. Member FINRA/SIPC.

Through this conversation, the terms “financial advisors” and “advisors” are applied to refer to registered reps and/or expense advisor reps affiliated with LPL Financial LLC. We routinely disclose information that may be significant to shareholders in the “Investor Relations” or “Press Releases” segment of our web page.

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