BOSTON, July 11, 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 added the offerings of three top-tier, third-party strategic portfolio management firms to its award-winning Model Wealth Portfolios (MWP) platform. At the same time, the company has lowered account minimums for participation in the platform to $25,000 compared to $100,000 when the platform was first launched, an action driven by the combination of an increase in demand from financial advisors and innovation on the part of strategists participating in the platform in managing smaller accounts. These changes will expand the platform's flexibility and accessibility, while enabling LPL Financial advisors to create a greater range of customized solutions to help achieve their clients' specific financial goals. MWP is a centrally managed, fee-based platform available to 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. Each of the newly added portfolio strategists – AlphaSimplex Group, J.P. Morgan Asset Management and Morningstar Investment Services – brings unique investment philosophies, knowledge and experience to the MWP platform, furthering its capabilities in such areas as asset allocation, risk management, absolute return, and other desirable investment objectives. Importantly, this platform expansion will also include a number of new portfolio models developed by LPL Financial Research. Including the new portfolio models developed by LPL Financial Research, this platform expansion brings the total number of companies providing strategies on the Model Wealth Portfolios to eight.