--Outlook Expects Pace of U.S. Economic Growth to Pick Up in 2017--
BOSTON – Dec. 22, 2016 – Leading retail investment advisory firm and independent broker/dealer LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), today announced that its research publication “Outlook 2017: Gauging Market Milestones” is now available for download. Published by LPL Research, “Outlook 2017” contains investment insights and market guidance for the year ahead.
In 2016, financial markets, the economy and geopolitics experienced an unusual number of milestones. The approach for 2017 will be to assess how these milestones—the stabilization of oil, the end of an earnings recession and a new president—have come together to influence the investment landscape. LPL Research believes the following three themes may potentially influence investment success in 2017:
Against this backdrop, LPL Research forecasts the following within the report:
“In 2016, we saw imbalances and corrections, sentiment shifts, political projections prove inaccurate, and meaningful runs in some asset classes reverse,” said LPL Financial Chief Economic Strategist John Canally. “Heading into the new year, interest rates have moved dramatically, cyclically oriented value stocks have surged, and oil prices found a new foothold as several major oil producing countries agreed to production cuts. Being prepared for 2017 is about assessing how financial markets, corporations, policymakers and the broad economy will adapt to a possible mid- to late-cycle growth rebound, a new presidential cycle and a steadier path toward interest rate normalization.”
Kirby Horan-Adams, senior vice president of LPL Research reaffirms the need for timely advice, “We believe a market outlook that covers a calendar year is an important tactical tool for positioning portfolios, but any tactical plan needs to be on a foundation of a sound, long-term strategy. The strategic trends we are monitoring in 2017 could meaningfully shift return expectations for the next 10 to 20 years, positively or negatively, and may be a helpful gauge for portfolio allocation.”
About LPL Financial
LPL Financial, a wholly-owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), is a leader in the retail financial advice market and served approximately $501 billion in advisory and brokerage assets as of November 30, 2016. LPL is one of the fastest growing RIA custodians and is the nation's largest independent broker-dealer (based on total revenues, Financial Planning magazine June 1996-2016). The Company provides proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 14,000 independent financial advisors and over 700 banks and credit unions, enabling them to help their clients turn life's aspirations into financial realities. Advisors associated with LPL also serviced an estimated 45,000 retirement plans with an estimated $129 billion in retirement plan assets, as of September 30, 2016. LPL also supports approximately 4,200 financial advisors licensed and affiliated with insurance companies with customized clearing, advisory platforms, and technology solutions. LPL Financial and its affiliates have more than 3,200 employees with primary offices in Boston, Charlotte, and San Diego.
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