LPL lowers minimum on managed accounts

LPL lowers minimum on managed accounts
The independent broker-dealer is cutting the required investment in its Optimum Market Portfolios to $1,000 from $10,000.
AUG 03, 2021

LPL Financial has cut its managed-account minimum to $1,000 from $10,000. The reduction applies to the firm’s Optimum Market Portfolios, which offer investment research and professional money management.

LPL said the move was made so that advisers would be able “to offer advisory services to a larger range of clients.”

The LPL advisory platform consists of six multi-manager funds, featuring more than 10 subadvisers and institutional money managers.

OMP was launched in 2003, and has $9.2 billion in assets under management, the firm said in a release.

The ‘secret sauce’ of impact investing

Latest News

The power of cultivating personal connections
The power of cultivating personal connections

Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.

A variety of succession options
A variety of succession options

Whichever path you go down, act now while you're still in control.

'I’ll never recommend bitcoin,' advisor insists
'I’ll never recommend bitcoin,' advisor insists

Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.

LPL raises target for advisors’ bonuses for first time in a decade
LPL raises target for advisors’ bonuses for first time in a decade

“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.

What do older Americans have to say about long-term care?
What do older Americans have to say about long-term care?

Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound