LPL Launches Direct Indexing in Model Wealth Portfolios

LPL Financial sign in San Diego

“Financial advisors are always looking to help improve client outcomes and deliver personalized investment solutions,” Rob Pettman, executive vice president, Wealth Management Solutions at LPL Financial, said in a statement. “Investors want the ability to customize their investment strategy in order to achieve a range of goals, including reducing overall tax burden and/or avoiding a particular sector or security.”

Remy Briand, chief product officer and head of index at MSCI, said the company was “delighted to collaborate with LPL Financial as they leverage customized versions of the MSCI USA and EAFE ADR indexes as the foundation to deliver investment solutions that meet the growing needs of financial advisors and their clients.”

LPL’s direct indexing strategy will be available beginning this month, providing advisors with greater customization and control, including the option to tailor automatically recurring tax harvesting strategies unique to each client portfolio, according to the firm.