LPL Financial Launches Comprehensive Alternative Investment Platform
LPL Financial (Nasdaq:LPLA) has launched LPL Alts Connect, a comprehensive alternative investment platform designed to streamline access and management of alternative investments for financial advisors and their clients. The platform features digitized processes including e-signature capabilities, real-time order status updates, and direct client communication.
The new platform significantly improves efficiency, reducing transaction turnaround times from 40 to under 14 days. Key features include one-time prequalification setup, compliance review before client signatures, and centralized fund information access. LPL has also enhanced its middle office services through SS&C ALTSERVE™ and expanded its partnership with iCapital to offer additional alternative investment products.
LPL Financial currently supports nearly 29,000 financial advisors and approximately 1,200 financial institutions, managing about $1.7 trillion in brokerage and advisory assets for approximately 6 million Americans.
LPL Financial (Nasdaq:LPLA) ha lanciato LPL Alts Connect, una piattaforma completa per investimenti alternativi progettata per semplificare l'accesso e la gestione degli investimenti alternativi per i consulenti finanziari e i loro clienti. La piattaforma offre processi digitalizzati che includono la possibilità di firme elettroniche, aggiornamenti in tempo reale sullo stato degli ordini e comunicazione diretta con i clienti.
La nuova piattaforma migliora significativamente l'efficienza, riducendo i tempi di transazione da 40 a meno di 14 giorni. Le caratteristiche principali includono la configurazione di prequalificazione una tantum, la revisione della conformità prima delle firme dei clienti e l'accesso centralizzato alle informazioni sui fondi. LPL ha anche potenziato i suoi servizi di middle office attraverso SS&C ALTSERVE™ e ampliato la sua partnership con iCapital per offrire ulteriori prodotti di investimento alternativi.
LPL Financial supporta attualmente quasi 29.000 consulenti finanziari e circa 1.200 istituzioni finanziarie, gestendo circa 1,7 trilioni di dollari in beni di intermediazione e consulenza per circa 6 milioni di americani.
LPL Financial (Nasdaq:LPLA) ha lanzado LPL Alts Connect, una plataforma integral de inversión alternativa diseñada para simplificar el acceso y la gestión de inversiones alternativas para asesores financieros y sus clientes. La plataforma cuenta con procesos digitalizados que incluyen capacidades de firma electrónica, actualizaciones de estado de órdenes en tiempo real y comunicación directa con los clientes.
La nueva plataforma mejora significativamente la eficiencia, reduciendo los tiempos de transacción de 40 a menos de 14 días. Las características clave incluyen la configuración de pre-calificación única, revisión de cumplimiento antes de las firmas de los clientes y acceso centralizado a la información de fondos. LPL también ha mejorado sus servicios de oficina intermedia a través de SS&C ALTSERVE™ y ha ampliado su asociación con iCapital para ofrecer productos de inversión alternativa adicionales.
LPL Financial actualmente apoya a casi 29,000 asesores financieros y aproximadamente 1,200 instituciones financieras, gestionando alrededor de 1.7 billones de dólares en activos de corretaje y asesoría para aproximadamente 6 millones de estadounidenses.
LPL Financial (Nasdaq:LPLA)는 LPL Alts Connect를 출시했습니다. 이 플랫폼은 금융 자문사와 그들의 고객이 대체 투자에 접근하고 관리하는 과정을 간소화하도록 설계된 포괄적인 대체 투자 플랫폼입니다. 이 플랫폼은 전자 서명 기능, 실시간 주문 상태 업데이트 및 고객과의 직접 통신을 포함한 디지털화된 프로세스를 제공합니다.
새로운 플랫폼은 효율성을 크게 개선하여 거래 처리 시간을 40일에서 14일 이하로 단축합니다. 주요 기능으로는 일회성 사전 자격 설정, 고객 서명 전의 준수 검토 및 중앙 집중식 펀드 정보 접근이 포함됩니다. LPL은 또한 SS&C ALTSERVE™를 통해 중간 사무소 서비스를 강화하고 iCapital과의 파트너십을 확장하여 추가 대체 투자 제품을 제공합니다.
LPL Financial은 현재 거의 29,000명의 금융 자문사와 약 1,200개의 금융 기관을 지원하며, 약 600만 명의 미국인을 위해 약 1.7조 달러의 중개 및 자문 자산을 관리하고 있습니다.
LPL Financial (Nasdaq:LPLA) a lancé LPL Alts Connect, une plateforme complète d'investissement alternatif conçue pour simplifier l'accès et la gestion des investissements alternatifs pour les conseillers financiers et leurs clients. La plateforme comprend des processus numérisés, y compris des capacités de signature électronique, des mises à jour en temps réel sur l'état des commandes et une communication directe avec les clients.
La nouvelle plateforme améliore considérablement l'efficacité, réduisant les délais de transaction de 40 jours à moins de 14 jours. Les fonctionnalités clés incluent la configuration unique de préqualification, la révision de la conformité avant les signatures des clients et l'accès centralisé aux informations sur les fonds. LPL a également amélioré ses services de middle office grâce à SS&C ALTSERVE™ et élargi son partenariat avec iCapital pour offrir des produits d'investissement alternatif supplémentaires.
LPL Financial soutient actuellement près de 29 000 conseillers financiers et environ 1 200 institutions financières, gérant environ 1,7 billion de dollars d'actifs de courtage et de conseil pour environ 6 millions d'Américains.
LPL Financial (Nasdaq:LPLA) hat LPL Alts Connect gestartet, eine umfassende Plattform für alternative Investitionen, die darauf abzielt, den Zugang und das Management von alternativen Investitionen für Finanzberater und deren Kunden zu erleichtern. Die Plattform bietet digitalisierte Prozesse, einschließlich der Möglichkeit zur elektronischen Unterschrift, Echtzeit-Updates zum Bestellstatus und direkte Kommunikation mit den Kunden.
Die neue Plattform verbessert die Effizienz erheblich und reduziert die Bearbeitungszeiten von Transaktionen von 40 auf weniger als 14 Tage. Zu den wichtigsten Funktionen gehören die einmalige Einrichtung der Vorqualifikation, die Überprüfung der Compliance vor den Unterschriften der Kunden und der zentrale Zugriff auf Fondsinformationen. LPL hat auch seine Middle-Office-Dienste durch SS&C ALTSERVE™ verbessert und die Partnerschaft mit iCapital erweitert, um zusätzliche alternative Anlageprodukte anzubieten.
LPL Financial unterstützt derzeit fast 29.000 Finanzberater und etwa 1.200 Finanzinstitute und verwaltet etwa 1,7 Billionen Dollar an Brokerage- und Beratungsvermögen für etwa 6 Millionen Amerikaner.
- Significant reduction in transaction processing time from 40 to under 14 days
- Platform streamlines and digitizes alternative investment management processes
- Enhanced service offerings through partnerships with SS&C and iCapital
- Large market presence with $1.7 trillion in assets under management
- None.
Insights
The launch of LPL Alts Connect marks a strategic transformation in LPL Financial's service offering, with significant implications for revenue growth and market positioning. The platform addresses a important gap in the wealth management industry's alternative investment infrastructure, particularly important as traditional 60/40 portfolios face challenges in the current market environment.
The platform's operational improvements are substantial: reducing transaction processing time by 65% (from 40 to 14 days) directly impacts advisor productivity and client satisfaction. This efficiency gain could accelerate revenue recognition and improve margins, especially significant given LPL's scale with $1.7 trillion in managed assets.
The strategic partnership with SS&C ALTSERVE™ and expanded collaboration with iCapital creates a powerful ecosystem that positions LPL competitively against both traditional wirehouses and digital-first platforms. This is particularly relevant for capturing market share in the high-net-worth segment, where alternative investments typically comprise 15-25% of portfolios.
Key competitive advantages include:
- Streamlined compliance processes reducing regulatory risks and operational costs
- Enhanced advisor efficiency through digitization and centralization
- Improved client experience with direct communication and transparency features
- Comprehensive educational resources supporting advisor adoption and client engagement
The platform's launch timing aligns with increasing demand for alternative investments amid market volatility and inflation concerns. The integration of middle-office services through SS&C suggests a scalable infrastructure capable of supporting significant growth in alternatives allocation across LPL's advisor network.
Bespoke solution offers a centralized hub to meet the evolving needs of investors
SAN DIEGO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA), a leader in the wealth management industry, announces the launch of LPL Alts Connect, a full-service platform designed to streamline the way financial advisors and their clients access and manage alternative investments.
LPL Alts Connect is a centralized, digitized system that streamlines the purchasing process and provides tools such as prequalification, e-signature capabilities and the ability to send sales kits directly to clients. The platform complements an expanding product set that includes an array of prominent funds giving advisors more optionality to build diversified, non-correlated portfolios.
Powered by SUBSCRIBE, the solution allows advisors in independent practices and institutions like banks and credit unions to better meet the increasingly complex planning needs of high-net-worth and ultra-high-net-worth investors.
“With the launch of our new alternative investment platform, advisors have access to a shelf of tailored, institution-caliber opportunities that are aligned to the needs of high-net-worth and ultra-high-net-worth clients and designed to set advisors apart from the competition,” said Cheri Belski, Executive Vice President and Head of Investment Management Solutions for LPL. “As the expectations of investors continue to evolve, this platform will arm advisors with more sophisticated ways to serve their clients.”
Key features of LPL Alts Connect include:
- Digitization: E-Signature capability for streamlined transactions.
- Transparency: Real-time order status updates on a user-friendly dashboard.
- Centralization: A single platform for all alternative investment purchases.
- Accessibility: Comprehensive fund information available at a click, with no permission required.
- Prequalification: One-time setup for prequalification, eliminating the need to repeat the process for each sales kit request.
- Direct Communication: Sales kits can be deployed directly to a client’s email.
- Compliance Review: LPL Compliance reviews all documents before client signatures, ensuring regulatory adherence while reducing the number of times an order will need to be revised post client-signature.
- Efficiency: Shorter turnaround times, with an average of under 14 days compared to 40 days previously.
These features are complemented by educational resources for both advisors and investors to help navigate the landscape of alternative investments.
In conjunction with this launch LPL has enhanced its middle office services through a relationship with SS&C. SS&C ALTSERVE™ improves custodial and reporting services, offering faster turnaround times for transitioning alternative investments between firms. LPL has also formed a dedicated team to support and educate advisors on these new services, rounding out their support in the alternative investment space.
As part of LPL’s commitment to providing a comprehensive alternatives menu, LPL is expanding its long-standing relationship with iCapital to offer a suite of alternative investment products to LPL’s network of advisors and affiliated firms. This collaboration welcomes a tailored selection of iCapital’s funds to LPL’s curated menu alongside their market-leading diligence.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports nearly 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
Media Contact:
Media.relations@LPLFinancial.com
(402) 740-2047
Tracking #: 698805
FAQ
What is LPL Alts Connect and when was it launched?
How much does LPL Financial (LPLA) manage in assets as of 2025?
How does LPL Alts Connect improve transaction processing time?
What partnerships did LPLA establish for the Alts Connect platform?
How many financial advisors does LPLA support in 2025?
