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Manager Select

Manager Select is a separate account platform available through LPL Financial that offers high-net-worth investors access to a variety of institutional portfolio managers at significantly lower account minimums. This enables clients to enjoy a higher level of specialization and service through the ownership of individual securities. Financial advisors can choose from a broad range of portfolio managers and multiple investment styles including equity, fixed income, balanced, international, ETF, REIT and socially responsible portfolios. The minimum account size is $100,000 for equity strategies and $250,000 for fixed income strategies.

Manager Select Overview

Financial advisors can set an annual advisor fee for each individual client who has a Manager Select account. The costs included in the total account fee paid by clients are advisor, administrative, custody and clearing, and portfolio manager fee.

There are over 150 managers available with more than 450 styles in Manager Select. LPL Financial Research recommends selecting approximately 62 managers across all of the available styles to achieve optimal diversification for your clients.

LPL Financial research provides recommended Separately Managed account strategies in Manager Select. Regular commentary, analytics and updates on the strategies are provided for you to deliver to your clients.