Sept. 25, 2012
/PRNewswire/ -- LPL Financial LLC, the nation's largest independent broker-dealer* and a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), today announced that it has expanded its Model Wealth Portfolios (MWP) platform through the addition of two new portfolios from LPL Financial Research as well as two managed alternative investment portfolios from Fortigent. These strategies further enable LPL Financial advisors to help meet their clients' needs in today's rapidly-evolving financial environment. This expansion provides access to the two new models designed by LPL Financial Research using their proprietary quad-core approach to create bond like exposure without holding bonds as well as Fortigent's alternative strategy models designed to capture performance with lower volatility in client portfolios.
MWP is a centrally managed, fee-based platform that enables LPL Financial advisors to provide client-centric, theme-based investment portfolios for a broad range of investors. Offering an array of mutual fund and exchange-traded fund strategies in an efficient, easy-to-manage format, MWP was named the Advisory Product Solution of the Year in 2010 by the Money Management Institute (MMI), the leading national organization for the advisory solutions industry. As of
June 30, 2012
, MWP assets under management totaled
, an increase of 52% over the prior year. The platform was first launched as of
March 31, 2008
The two new offerings from LPL Financial Research – the Quad-Core Balanced and Quad-Core Income Portfolios – extend the proprietary "Quad-Core" strategy that is currently offered on the MWP platform through the Absolute Return Portfolio. The Quad Core is a four-pronged methodology intended to provide a more diversified approach to portfolio management. This approach includes allocations to the opportunistic ideas of LPL Financial Research and the diversifying ideas from other managers to drive alpha and income and then leverages non-correlated alternative strategies and hedging strategies to control the beta, or market sensitivity, of the portfolios.