LPL Expands Model Wealth Portfolios

LPL Financial announced Tuesday it has expanded its Model Wealth Portfolios platform through the addition of two new portfolios from LPL Financial Research and two managed alternative investment portfolios from Fortigent.

The two new offerings from LPL are the the Quad-Core Income Portfolio, which seeks to replicate or beat the performance of core bonds while generating more income, and The Quad-Core Balanced Portfolio, which seeks the return of a traditional 60/40 stock-bond portfolio with little or no sensitivity to rising interest rates.

"The expansion of the MWP platform gives our advisors the tools to address an even wider range of client needs, while accessing the diversification and risk-management benefits that come from non-correlated alternative strategies." John Moninger, LPL Financial Executive Vice President of Advisory and Brokerage Consulting Services said.

MWP is a centrally managed, fee-based platform that enables LPL's advisors to provide client-centric, theme-based investment portfolios, offering an array of mutual fund and exchange-traded fund strategies in an efficient, easy-to-manage format.

The two new offerings from Fortigent, the Alternative Strategies and Alternative Strategies Enhanced portfolios, are geared to capture the performance of traditional equity / fixed income portfolios, but with lower volatility, reduced potential for loss of capital, and lower correlation with other asset classes.

"In this volatile environment, advisors and their clients are looking for strategies that offer the potential for consistent returns along with attractive risk characteristics and diversification benefits," Scott Welch, Senior Managing Director, Investment Research and Strategy for Fortigent said. "We are glad that we can help LPL Financial advisors respond to this demand for leading-edge alternative strategies through our participation in the MWP platform."

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