LPL Wins MMI/Barron’s Wealth Manager Platform of the Year

Last Edited by: LPL Financial

Last Updated: November 02, 2022

MMI/Barron’s Wealth Manager Platform of the Year image

CHARLOTTE, N.C. – November 2, 2022LPL Financial LLC today announced the firm’s Model Wealth Portfolios (MWP) advisory platform won the Money Management Institute/Barron’s 2022 Industry Award for Wealth Management Platform of the Year. The award honors wealth management firms whose investment advisory platform exemplifies innovation in delivering better outcomes for investors and financial advisors.

Model Wealth Portfolios is LPL Financial’s unified managed account program offering mutual funds, exchange-traded funds (ETFs) and separately managed accounts (SMAs). During the past year and a half, LPL added some evolutionary new features that earned this formal recognition. During this same timeframe, the number of accounts using Model Wealth Portfolios grew exponentially. New features include the addition of scalable SMAs and fixed income SMAs for increased investment flexibility. A user interface revamp improves ease of use and supports multiple investments strategies per account. A sophisticated new risk scoring feature assists advisors in assessing portfolios.

Advisor feedback informs MWP advancements

“At LPL, we focus on taking care of our advisors so they can take care of their clients,” said LPL’s Executive Vice President of Wealth Management Solutions, Robert Pettman. “Many of the enhancements to LPL’s Model Wealth Portfolios are based on direct feedback from advisors. We are improving the advisor experience by making it easier to tailor solutions for each investor based on their unique needs. We’re thrilled to be formally recognized by the MMI/Barron’s awards team for our collective efforts to make our Model Wealth Portfolios offering the recognized platform of the year.”

Winners were announced during the Industry Celebration Dinner at the 2022 MMI Annual Conference.

To learn about other LPL Financial awards and recognition, visit LPL Awards and Recognition.

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 nearly 21,000 financial advisors, and approximately 1,100 institution-based investment programs and approximately 500 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, 2020 U.S. RIA Marketplace Report); No. 1 Independent Broker-Dealer in the U.S. (Based on total revenues, Financial Planning magazine 1996-2022); among third-party providers of brokerage services to banks and credit unions, No. 1 in AUM Growth from Financial Institutions; No. 1 in Market Share of AUM from Financial Institutions; No. 1 in Market Share of Revenue from Financial Institutions; No. 1 on Financial Institution Market Share; No. 1 on Share of Advisors (2021-2022 Kehrer Bielan Research & Consulting Annual TPM Report). Fortune 500 as of June 2021.

LPL and its affiliated companies provide financial services only from the United States.

Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC.

Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial LLC.

We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

Model Wealth Portfolios (MWP) are centrally managed fee-based portfolios constructed by LPL Financial Research. Investment choices include mutual funds and exchange-traded products (ETPs). The portfolios benefit from ongoing monitoring, rebalancing, and tax management services implemented by the LPL Financial Overlay Portfolio Management Group.

There is no assurance that the Model Wealth Portfolios are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principle.

Money Management Institute, Barron’s and LPL are separate entities.