LPL Financial Partners With BlackRock, Quantitative Advantage and Cougar
Global Investments to Deliver Third-Party ETF Strategies on Centrally Managed
Portfolio Platform


    
    - Expands Investment Choice and Flexibility for LPL Financial Advisors and
    Their Clients -




    
</pre>
<p><span class="xn-location">BOSTON</span>, <span class="xn-chron">July 26</span> /CNW/ -- LPL Financial Corporation ("LPL Financial"), an independent broker-dealer, today announced the introduction of third party Exchange Traded Fund (ETF) strategies to its Model Wealth Portfolios (MWP), a centrally managed fee-based asset allocation platform offered to advisors.  In order to provide advisors with superior investment management resources with respect to ETFs, these third-party ETF strategies will be managed by industry-leading portfolio strategists at BlackRock, Quantitative Advantage and Cougar Global Investments, and offered in addition to ETF strategies provided by LPL Financial Research.  These third party ETF strategies will further support asset allocation models organized around a range of client investment goals and themes, and provide financial advisors with more choice and flexibility in managing client accounts.</p>
<p/>
<p>John Moninger, LPL Financial Executive Vice President of Advisory and Brokerage Consulting Services, said, "After extensive due diligence, we are very pleased to select these leading portfolio strategists to partner with us in offering outside ETF models on our MWP platform.  The benefits to advisors from this initiative have been enhanced by the fact that these outside ETF strategies are also fully integrated and automated within our technology and service platform.  We look forward to partnering closely with the third party portfolio strategists on our MWP platform to make this initiative a strong success for our advisors and the investors they serve."</p>
<p/>
<p><span class="xn-person">Frank Porcelli</span>, Managing Director and Head of BlackRock's U.S. Retail Business, said, "We are very excited to partner with LPL Financial on this new initiative within MWP. Through BlackRock's scale, global insight and premier risk management capabilities, we strive to offer financial advisors global, diversified models, built in a risk-aware manner.  Our Multi-Asset Client Solutions team of over 130 investment professionals specialize in tactical asset allocation and we are pleased to offer customized asset allocation strategies, which include iShares ETFs, as a part of this platform as an option for advisors and their clients."</p>
<p/>
<p><span class="xn-person">John Wing</span>, Chief Executive Officer of Quantitative Advantage, said, "We are pleased to be selected as an ETF strategist for the expanded MWP platform.  The commitment of LPL Financial to providing independent advice and strategies to their advisors is critical to meeting the ongoing financial needs of investors facing increasingly complex global markets.  We look forward to bringing our Global Tactical Strategies(SM) and our firm's advisor-centric focus and resources to help serve LPL advisors and their clients."</p>
<p/>
<p><span class="xn-person">Dr. James Breech</span>, President and CEO of Cougar Global Investments LP, said, "Being chosen by LPL Financial provides a perfect partnership for us.  We have developed a proprietary approach to global asset allocation using ETFs, and have established a lengthy track record that demonstrates our ability to generate solid compound growth of investors' assets.  We are delighted to have the opportunity to work with LPL Financial."</p>
<pre>
    

    About LPL Financial
    
</pre>
<p>LPL Financial is an independent broker-dealer with over 2,500 employees and offices in <span class="xn-location">Boston</span>, Charlotte, and <span class="xn-location">San Diego</span>.  LPL Financial and its affiliates offer proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to over 12,000 independent financial advisors and financial advisors at financial institutions.  Additionally, the company supports over 4,000 financial advisors who are affiliated and licensed with insurance companies with customized clearing, advisory platforms and technology solutions.  For more information, please visit <a href="http://www.lpl.com">www.lpl.com</a>.</p>
<pre>
    

    Member FINRA/SIPC

    About BlackRock
    
</pre>
<p>BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide.  At <span class="xn-chron">June 30, 2010</span>, BlackRock's AUM was <span class="xn-money">$3.151 trillion</span>.  BlackRock offers products that span the risk spectrum to meet clients' needs, including active, enhanced and index strategies across markets and asset classes.</p>
<p/>
<p>Products are offered in a variety of structures including separate accounts, mutual funds, iShares® (exchange traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®.  Headquartered in <span class="xn-location">New York City</span>, as of <span class="xn-chron">June 30, 2010</span>, the firm has approximately 8,500 employees in 24 countries and a major presence in key global markets, including North and <span class="xn-location">South America</span>, <span class="xn-location">Europe</span>, Asia, <span class="xn-location">Australia</span> and the <span class="xn-location">Middle East</span> and <span class="xn-location">Africa</span>.  For additional information, please visit the Company's website at <a href="http://www.blackrock.com">www.blackrock.com</a>.</p>
<pre>
    

    About Quantitative Advantage
    
</pre>
<p>Quantitative Advantage (QA) is a Minnesota-based investment manager with over <span class="xn-money">$700 million</span> in managed and advised assets.  QA's proprietary Global Investment System(SM) uses sophisticated mathematical algorithms to systematically analyze and navigate the continual changes in global market trends to identify investment opportunities, while mitigating risks.  QA offers a comprehensive suite of Global Tactical Strategies which provide advisors and their clients with global opportunities across a variety of asset classes. For more information, please visit <a href="http://www.QAglobal.net">www.QAglobal.net</a>.</p>
<pre>
    

    About Cougar Global Investments
    
</pre>
<p>Since 1993, Cougar Global Investments LP has specialized in global tactical asset allocation.  The world economy is developing and changing rapidly, presenting new opportunities and threats.  The company's goal is to achieve strong compound growth by controlling downside risk.  Cougar Global uses a forward-looking Global Capital Market Outlook to construct portfolios of ETFs.  In recent years, ETFs have given the company tremendous flexibility in constructing globally diversified portfolios at a significant cost advantage for its clients.  For more information, please visit <a href="http://www.cougarglobal.com">www.cougarglobal.com</a>.</p>
<pre>
    

    LPL Financial Media Contacts
    Michael Herley or David Lilly
    Kekst and Company
    212-521-4897 or 212-521-4878
    michael-herley@kekst.com or david-lilly@kekst.com

    BlackRock Media Contacts
    Lance Berg
    415-670-2045
    lance.berg@blackrock.com

    Brian Beades
    212-810-5596
    brian.beades@blackrock.com

    Quantitative Advantage Media Contacts
    John Wing, Chief Executive Officer
    952-944-3206
    jwing@QAglobal.net

    Graham van der Leeuw, Chief Operating Officer
    952-944-3206
    gvanderleeuw@QAglobal.net

    Cougar Global Investments Media Contact
    Stephen Ledgley
    416-848-1376
    sledgley@national.ca



    

For further information: For further information: LPL Financial Media Contacts, Michael Herley, michael-herley@kekst.com, +1-212-521-4897 or David Lilly, david-lilly@kekst.com, +1-212-521-4878, both of Kekst and Company; or BlackRock Media Contacts, Lance Berg, +1-415-670-2045, lance.berg@blackrock.com, or Brian Beades, +1-212-810-5596, brian.beades@blackrock.com; or Quantitative Advantage Media Contacts, John Wing, Chief Executive Officer, +1-952-944-3206, jwing@QAglobal.net, or Graham van der Leeuw, Chief Operating Officer, +1-952-944-3206, gvanderleeuw@QAglobal.net; or Cougar Global Investments Media Contact, Stephen Ledgley, +1-416-848-1376, sledgley@national.ca Web Site: http://www.lpl.com

Organization Profile

LPL FINANCIAL CORPORATION

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890