More Mutual Fund Companies Launched on NTF Network
LPL’s no-transaction-fee (NTF) network launched July 2 on its Strategic Wealth Management (SWM) platform. Included in the launch are the following mutual fund companies: AllianceBernstein, BlackRock, Columbia, J.P. Morgan, John Hancock, INVESCO, Legg Mason, MFS, Natixis, Oppenheimer and Putnam.
“By providing a solution like the NTF network, we believe advisors will be better positioned to differentiate themselves in the marketplace by being able to offer lower cost funds with no transaction fees to investors,” said Rob Pettman, LPL executive vice president, Product and Platform Management. “We are proud to be able to leverage our team’s expertise and the firm’s scale to innovate and evolve the products and investment options we can provide to advisors across all of the platforms available to support their businesses.”
Additional fund companies will be added throughout 2018 and into 2019.
Read more on recent platform enhancements to LPL’s corporate and hybrid RIA platforms.
Amounts in mutual funds are subject to fluctuations in value and market risk. Shares, when redeemed, may be worth more or less than their original cost.
Investors should consider the investment objectives, risks, charges and expenses of a particular investment company carefully before investing. The applicable prospectus and, if available, the summary prospectus contain this and other important information about an investment company. Investors can obtain a prospectus and summary prospectus from their financial representatives. Read carefully before investing.