[ad_1]
In a report this month, Cerulli estimated that investable belongings held by high-net-worth households have ballooned by greater than $23 trillion since 2011.
By way of the brand new assist program, LPL’s advisors can faucet into the providers of pros that embody attorneys, CPAs and superior planners with expertise constructing and sustaining monetary plans for rich households with advanced wants.
Its advisors additionally get assist with tax and property planning, custom-made portfolio development, philanthropic planning and extra.
Plus, LPL Monetary is eliminating a $5 million investable asset minimal for specialty providers, permitting advisors to assist HNW purchasers with their monetary wants at any stage of the consumer lifecycle — together with help with massive illiquid holdings, the agency says.
As of Dec. 31, LPL Monetary’s whole consumer belongings had been $1.35 trillion. In 2023, its whole income grew 17% from the prior 12 months to $10.05 billion, whereas its internet earnings jumped 26% to $1.07 billion.
[ad_2]
