CHARLOTTE, NC, Aug 02, 2021 (GLOBE NEWSWIRE) – LPL Financial LLC (Nasdaq: LPLA) today announced that the company has lowered the minimum investment in its Optimum Market Portfolios (OMP) platform, reducing the amount of $ 10,000 to $ 1,000. This change allows advisors to offer advisory services to a wider range of clients, giving those with fewer investable assets access to professionally managed asset allocation models.
âAs the industry continues to shift from brokerage to advisory, it’s important to have advisory opportunities for all types of investors,â said Rob Pettman, LPL executive vice president, Wealth Management Solutions. âBased on feedback from advisors, this enhancement to OMP provides an advisory option for those with smaller amounts to invest, with the added benefit of professionally managed portfolios and access to fund managers. institutional. We look forward to continuing to find ways to help our advisors differentiate themselves with wealth management solutions that can be tailored for all clients.
OMP offers investment strategies designed to help investors pursue their objectives by managing risk, providing professional fund manager services and providing objective investment research. The LPL advisory platform is made up of a suite of six multi-manager funds, with more than 10 leading sub-advisers and institutional fund managers. OMP makes it easy for investors to understand and follow their portfolio, while providing depth through the requirement of at least two sub-advisors for increased diversification. The combination makes OMP an option for all types of investors, from the wealthy to newbies.
As a centrally managed platform, OMP saves advisors time by allowing them to adapt the investment management aspect of their practices through the choice of predefined portfolios managed by professionals, designed by fund managers. experienced. Launched in 2003, OMP currently manages $ 9.2 billion in assets under management as of June 30, 2021.
About LPL Financial LPL Financial (Nasdaq: LPLA) was founded on the premise that the company should work to advise it, not the other way around. Today, LPL is a leader * in the markets we serve, supporting more than 19,000 financial advisors, 800 institutional investment programs and 450 independent RIA companies across the country. We are unwavering in our commitment to the advisor-centric model and our belief that Americans deserve access to objective advice from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services and technological resources that allow them to perfectly manage their practice. And they have the freedom to manage their customer relationships because they know their customers better. Simply put, we take care of our advisors so that they can take care of their clients.
* Best RIA Custodian (Cerulli Associates, 2019 US RIA Marketplace Report); # 1 independent brokers in the United States (based on total revenues, Financial Planning magazine June 1996-2020); 1st provider of brokerage services on behalf of third parties to banks and credit unions (TPM Annual Report 2020-2021 Kehrer Bielan Research & Consulting); Fortune 500 in June 2021
Advisory accounts may not be suitable for all investors. A brokerage account may be more suitable if you prefer a buy and hold strategy for a long time, AND / OR prefer to make the investment decisions yourself, seeking a financial advisor only to provide occasional recommendations and execute orders.
The Optimum Market Portfolios are comprised of the Optimum Funds, which are managed by Macquarie Investment Management and distributed by Delaware Distributors, LP Delaware Distributors, LP, is an affiliate of Macquarie Investment Management Business Trust and Macquarie Group Limited. Macquarie Investment Management (MIM), a member of Macquarie Group, refers to the companies comprising the asset management division of Macquarie Group Limited and its subsidiaries and affiliates worldwide. LPL Financial receives advisory fees and sub-service agent fees based on invested assets. Investments in Optimum Market Funds are not and will not be deposits or liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its holding companies, including subsidiaries or related companies (the “Macquarie Group” ), and are subject to investment risk, including possible delays in repayment and loss of income and invested capital. No Macquarie Group company guarantees or guarantees the performance of the funds, the repayment of the capital of the funds or a particular rate of return.
Securities and advisory services offered by LPL Financial LLC, an SEC registered brokerage and investment advisor. FINRA / SIPC member.
Throughout this communication, the terms âfinancial advisersâ and âadvisersâ are used to refer to the registered representatives and / or representatives of the investment advisers affiliated with LPL Financial LLC. We regularly disclose information that may be important to shareholders in the âInvestor Relationsâ or âPress Releasesâ section of our website.
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Media contact: Lauren Hoyt-Williams (980) 321-1232 [email protected]