LPL Financial has introduced a feature in its centrally managed advisory Model Wealth Portfolio platform that permits advisers to combine a variety of models within a clients portfolio as long as the accounts total risk score aligns with the clients overall account investment objective.
The risk score is determined using a risk-scoring methodology that LPL has built into the platform and that is available to any adviser using it.
Advisers can now easily diversify across multiple strategists, as well as their own adviser sleeve models, to create a unique portfolio aligned with their clients objectives, the firm said in a release.
[More: Best model portfolios for advisers: Morningstar]
The post LPL enhances model portfolio tool appeared first on InvestmentNews.
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