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.
The 25-year industry veteran previously in charge of the Wall Street bank's advisor recruitment efforts is now fulfilling a similar role at a rival firm.
Former Northwestern Mutual advisors join firm for independence.
Executives from LPL Financial, Cresset Partners hired for key roles.
Geopolitical tension has been managed well by the markets.
December cut is still a possiblity.
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