LPL adds SMAs to model wealth platform

LPL adds SMAs to model wealth platform
The addition permits advisers to create unified managed accounts for their clients.
MAR 31, 2022

LPL Financial has added separately managed account strategies to the firm’s model wealth portfolios.

The addition lets advisers using the LPL platform create unified managed accounts in which they can pair SMA strategies with their own models or with models from other money managers, the company said in a release.

LPL’s model wealth portfolios account for $83 billion in assets under management.

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