BISA Award Recognizes LPL Financial's Technology Innovation

Last Edited by: LPL Financial

Last Updated: March 18, 2019

LPL Financial receives BISA Technology Innovation award

The Bank Insurance & Securities Association (BISA) recently presented LPL Financial with the Technology Innovation Award*, recognizing the firm for its innovative advisor-enhanced digital investment solution, Guided Wealth Portfolios (GWP).

The platform was launched in 2017, designed as a solution for advisors to meet investors’ increasing demand for a digital experience, while keeping the financial advisor at the center of the relationship.

The technology-enabled platform provides advisors an opportunity to reach new markets and create scale in their business. By offering a low account minimum, more investors gain access to financial advice with on-demand access to their portfolio with access to the advisor’s support and guidance.

“Digital advice is changing business for the better and LPL has been forward thinking on how we apply it to our whole wealth management ecosystem, investing and innovating to deliver the capabilities and solutions that help our advisors differentiate and grow their practices,” said Rob Pettman, LPL Financial, Product and Platform Solutions. “GWP provides an option for advisors to evolve their offering and meet more investors in the digital space, while adding value with what they can uniquely provide, the relationship of a valued financial advisor.”

GWP is an automated, centrally managed platform that couples digital investing with the advisor’s oversight, review and advice. Ongoing monitoring and rebalancing is driven by algorithms, with the advisor approving distribution or a change in risk tolerance. Digital investment management is outsourced through LPL Research, and marketing features are automated as well, making it efficient to communicate proactively with investors.

The platform has been adopted by financial institutions and independent advisor firms alike. Since its launch, the platform has been continually enhanced to deliver more value, driven by advisor feedback. Recent enhancements have included offering team-based URLs and the ability to create split-rep IDs to meet the practice needs of our advisors.


Related links:

21 LPL Financial Bank- and Credit Union- Based Advisors Among the Top in the Nation


About LPL Financial

LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader* in the markets we serve, supporting more than 18,000 financial advisors, 800 institution-based investment programs and 450 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.

*Top RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report); No. 1 Independent Broker-Dealer in the U.S (Based on total revenues, Financial Planning magazine June 1996-2020); No. 1 provider of third-party brokerage services to banks and credit unions (2020-2021 Kehrer Bielan Research & Consulting Annual TPM Report)

LPL Financial and Bank Insurance & Securities Association are not affiliated.

Guided Wealth Portfolios (GWP) is a centrally managed, algorithm-based, investment program sponsored by LPL Financial LLC (LPL). GWP uses proprietary, automated, computer algorithms of FutureAdvisor to generate investment recommendations based upon model portfolios constructed by LPL. FutureAdvisor and LPL are nonaffiliated entities. Both LPL and FutureAdvisor are investment advisors registered with the U.S. Securities and Exchange Commission.