July 12, 2012
--- AlphaSimplex Group, J.P.
Morgan Asset Management and Morningstar Investment Services were added to LPL
Financial LLC’s Model Wealth Portfolios (MWP). ---
LPL’s platform expansion also encompasses models
from LPL Financial Research and BlackRock, with new strategies and increased flexibility
for the firm’s advisers and clients. The
company has lowered account minimums to participate in the platform to $25,000,
compared with $100,000, the cost when the platform was first launched. This
decrease was driven by the combination of more demand from advisers and
innovation on the part of strategists managing smaller accounts.
company says it expects the changes to expand the platform’s flexibility and
accessibility, while enabling its advisers to create a greater range of
customized solutions. MWP, a centrally managed, fee-based platform, has an
array of mutual fund and exchange-traded fund (ETF) strategies in an efficient,
The additional portfolio strategists
bring unique investment philosophies, knowledge and experience to the MWP
platform, furthering capabilities in asset allocation, risk management and absolute
return, among other investment objectives. The platform now has eight companies
The specific portfolios are:
LPL Financial Research: Absolute
Return Diversified Plus, Tactical Opportunities Diversified Plus, Strategic
Exchange-Traded Product (ETP) Portfolios;
AlphaSimplex Group: Risk Efficient
BlackRock: Tactical Mutual Fund
J.P. Morgan Asset Management: Global
Asset Allocation, Tax Sensitive, Absolute Return Portfolios; and
Morningstar Investment Services:
Mutual Fund and Exchange-Traded Fund (ETF) Managed Portfolios, including tax-conscious
mutual fund options and Absolute Return Model.
As of March 31, assets under
management on the platform totaled $8.7 billion, an increase of 72.8% over the previous
year and an increase of 13,345.6% since its inception in February 2008.