Wealthtech and AI High Among Advisor Priorities at LPL Financial’s Focus 2024
LPL Financial's Focus 2024 conference is underway, showcasing enhanced technology tools and wealth management solutions. Key highlights include:
1. AI integration: LPL is piloting an AI tool for personalized financial planning insights.
2. Cybersecurity advancements: Introduction of Secure Office, Secure Cloud, and Secure Password solutions.
3. Expanded offerings: Addition of new ETFs, SMAs, fixed income, and alternative investment options to the Model Wealth Portfolios (MWP) platform.
The conference reflects the growing demand for personalized financial advice, with 63% of investors willing to pay for advice, up from 38% in 2009. LPL serves 5 million American families through its network of 23,000+ financial advisors.
La conferenza Focus 2024 di LPL Financial è in corso, presentando strumenti tecnologici avanzati e soluzioni per la gestione patrimoniale. I punti salienti includono:
1. Integrazione dell'IA: LPL sta sperimentando uno strumento di IA per offrire approfondimenti personalizzati sulla pianificazione finanziaria.
2. Progresso nella cybersicurezza: Introduzione di soluzioni Secure Office, Secure Cloud e Secure Password.
3. Offerte ampliate: Aggiunta di nuovi ETF, SMA, titoli a reddito fisso e opzioni di investimento alternative alla piattaforma Model Wealth Portfolios (MWP).
La conferenza riflette la crescente domanda di consulenze finanziarie personalizzate, con il 63% degli investitori disposti a pagare per un consiglio, rispetto al 38% nel 2009. LPL serve 5 milioni di famiglie americane attraverso la sua rete di oltre 23.000 consulenti finanziari.
La conferencia Focus 2024 de LPL Financial está en marcha, mostrando herramientas tecnológicas mejoradas y soluciones de gestión patrimonial. Los aspectos más destacados incluyen:
1. Integración de IA: LPL está probando una herramienta de IA para obtener información sobre planificación financiera personalizada.
2. Avances en ciberseguridad: Introducción de soluciones Secure Office, Secure Cloud y Secure Password.
3. Ofertas ampliadas: Adición de nuevos ETF, SMA, renta fija y opciones de inversión alternativa a la plataforma Model Wealth Portfolios (MWP).
La conferencia refleja la creciente demanda de asesoría financiera personalizada, con el 63% de los inversores dispuestos a pagar por asesoría, un aumento del 38% en 2009. LPL atiende a 5 millones de familias estadounidenses a través de su red de más de 23,000 asesores financieros.
LPL 금융의 Focus 2024 컨퍼런스가 진행 중이며, 향상된 기술 도구와 자산 관리 솔루션을 선보이고 있습니다. 주요 하이라이트는 다음과 같습니다:
1. AI 통합: LPL이 개인화된 재무 계획 통찰력을 위한 AI 도구를 파일럿 운영하고 있습니다.
2. 사이버 보안 발전: Secure Office, Secure Cloud 및 Secure Password 솔루션 도입.
3. 확대된 제공: Model Wealth Portfolios (MWP) 플랫폼에 새로운 ETF, SMA, 고정 수입 및 대체 투자 옵션 추가.
이번 컨퍼런스는 개인화된 재무 상담에 대한 수요 증가를 반영하며, 63%의 투자자가 상담에 비용을 지불할 의향이 있다고 응답해 2009년 38%에서 증가했습니다. LPL은 23,000명 이상의 금융 자문가 네트워크를 통해 500만 미국 가정을 지원하고 있습니다.
La conférence Focus 2024 de LPL Financial est en cours, présentant des outils technologiques améliorés et des solutions de gestion de patrimoine. Les points forts incluent :
1. Intégration de l'IA : LPL teste un outil d'IA pour des idées de planification financière personnalisées.
2. Avancées en cybersécurité : Introduction des solutions Secure Office, Secure Cloud et Secure Password.
3. Offres élargies : Ajout de nouveaux ETF, SMA, revenus fixes et options d'investissement alternatives à la plateforme Model Wealth Portfolios (MWP).
La conférence reflète la demande croissante pour des conseils financiers personnalisés, avec 63 % des investisseurs prêts à payer pour des conseils, contre 38 % en 2009. LPL sert 5 millions de familles américaines à travers son réseau de plus de 23 000 conseillers financiers.
Die Focus 2024-Konferenz von LPL Financial ist im Gange und präsentiert verbesserte Technologiewerkzeuge sowie Vermögensverwaltungs-lösungen. Zu den wichtigsten Highlights gehören:
1. KI-Integration: LPL testet ein KI-Tool für personalisierte Finanzplanungseinblicke.
2. Fortschritte in der Cybersicherheit: Einführung von Secure Office, Secure Cloud und Secure Password-Lösungen.
3. Erweiterte Angebote: Hinzufügung neuer ETFs, SMAs, festverzinslicher Wertpapiere und alternativer Investitionsmöglichkeiten zur Model Wealth Portfolios (MWP)-Plattform.
Die Konferenz spiegelt die wachsende Nachfrage nach personalisierten Finanzberatungen wider, wobei 63 % der Investoren bereit sind, für Rat zu zahlen, ein Anstieg von 38 % im Jahr 2009. LPL betreut 5 Millionen amerikanische Familien über sein Netzwerk von mehr als 23.000 Finanzberatern.
- LPL is piloting an AI tool for personalized financial planning insights, potentially improving advisor efficiency and client service
- Introduction of new cybersecurity solutions (Secure Office, Secure Cloud, Secure Password) to protect advisor businesses
- Expansion of Model Wealth Portfolios (MWP) platform with new ETFs, SMAs, fixed income, and alternative investment options
- Eight of the top ten ETF providers now offered at no transaction charge
- Addition of 200 new SMAs, including 25+ fixed income options, at lower fees
- Plan to add 50 more alternative investment products by the end of 2025
- None.
LPL unveils enhanced technology tools to improve the advisor and investor experience, while strengthening its Wealth Management Solutions offering
SAN DIEGO, Aug. 12, 2024 (GLOBE NEWSWIRE) -- The first full day of LPL Financial LLC’s annual flagship conference, Focus 2024, is under way at the San Diego Convention Center today. Renowned throughout the wealth management industry, LPL’s Focus conference convenes one of the largest gatherings of financial advisors and industry professionals and curates content and experiences from LPL’s broad portfolio of offerings as well as from leading partners in financial technology, services and products.
The LPL community of financial advisors and institutions collectively serves 5 million American families, helping them navigate uncertainty, keep their goals in focus and pursue their financial dreams. According to Cerulli, the value of advice is increasingly taking hold in investors’ minds, with
“As the need for personalized financial advice grows, advisors are seeking ways to manage this demand while maintaining high levels of client service,” said Greg Gates, managing director, chief technology and information officer. “Our role to help enable their success is to bring innovative ways AI can transform how we all work, ensuring our advisors’ time is prioritized for client engagement.”
Financial advisors are bullish on artificial intelligence tools that could help them gain more insight and become better informed and more efficient in their role. And 9 out of 10 financial advisors believe AI can help grow their book of business organically by more than
While noting advancements in the automation of repetitive activities, Gates added, “As AI capabilities develop, we expect its functionality to extend beyond the back-office to nearly all applications across wealth management, generating more personalized experiences, improving overall efficiency and elevating the value of financial advisors to their end-clients.”
LPL is actively piloting a tool that applies AI through secured systems to analyze client data and generate customized insights to shape personalized financial planning.
Increased focus on cybersecurity empowers advisors to protect their businesses
During Focus 2024, advisors will learn more about LPL Financial’s advancements in addressing the challenges of cybersecurity, including secure cloud storage and comprehensive risk assessments.
With
- Secure Office ensures technology compliance, offers data backup and features 24/7 cybersecurity monitoring, including anti-virus protection, examiner review preparation and cybersecurity insurance.
- Secure Cloud is an enterprise-grade cloud storage solution that allows secure file access and sharing, secure client document uploads and automatic virus scanning, all while maintaining compliance.
- Secure Password simplifies password management with features like dark web monitoring and encrypted password management, reducing the complexity and enhancing the security of logins.
Wealth Management Platform Expands ETFs, SMAs, Fixed Income and Alts Products
LPL announced several expansions of the Model Wealth Portfolios (MWP) platform, highlighting the introduction of new products designed to meet the increasingly diverse and sophisticated needs of advisors and their clients.
- Addressing advisors’ needs for lower-cost access to low-volatility managers and strategies, LPL now offers eight of the top ten ETF providers at no transaction charge. LPL Research has also launched coverage of active ETFs to help advisors assess managers to choose from in any market environment.
- LPL announced 200 new SMAs for the MWP platform, including more than 25 additional fixed income options. Advisors can now provide these options at lower fees while still providing an increased level of sophistication and customization that comes with owning securities directly.
- Citing the increasing demand for alternative investment strategies, especially among high-net-worth investors,4 LPL highlighted advancements it continues to make in enabling advisors to incorporate more alternative strategies for their clients. This includes the addition of 12 new alts strategies, including hedge fund, drawdown, evergreen and tax deferral strategies. LPL plans to continue this expansion with an additional 50 alternative investment products by the end of 2025.
Focus 2024 continues at the San Diego Convention Center through August 14.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that the firm should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor firms nationwide. We are steadfast in our commitment to the advisor-mediated model and the belief that Americans deserve access to personalized guidance from a financial professional. At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.
Securities and Advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor. Member FINRA/SIPC. LPL Financial and its affiliated companies provide financial services only from the United States.
Investing involves risk including loss of principal. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. Asset allocation does not ensure a profit or protect against a loss. In choosing to participate in an SMA, investors should carefully consider the amount they plan to invest; their investment objectives; and the SMA’s investment objectives, risks, charges, and expenses before investing. Investing in an SMA involves direct ownership of the assets purchased by the investment manager on the investor’s behalf. Therefore, investors should understand and be able to bear all of the risks associated with the underlying assets. The amount and type of investment restrictions are subject to change and manager’s acceptance. There can be no assurance that any stated investment objectives will be achieved. Alternative investments include non-traditional asset classes. This may include hedge funds, private equity/debt/credit, etc. This may also include Business Development Companies (BDCs) and Opportunity Zone investments. These are not registered securities and there may be significant restrictions on purchase and suitability requirements. Alternative investments may not be suitable for all investors and should be considered as an investment for the risk capital portion of the investor’s portfolio. The strategies employed in the management of alternative investments may accelerate the velocity of potential losses.
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.
1 The Evolving Future of Wealth Management, Cerulli and Securities Industry and Financial Markets Association (SIFMA), November 30, 2023.
2 AI in Wealth Management Report Financial Advisor Study, Accenture
3 Verizon’s 2021 Data Breach Investigations Report, Verizon
4 High-Net-Worth Investors Embrace Alternative Investments, Cerulli, January 17, 2023.
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FAQ
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