LPL Financial has selected Lumesis’ Diver Advisor for its cloud-based software for municipal bond reporting, Lumesis, based in Stamford, Conn., announced Monday.

The Advisor platform provides real-time client account monitoring tools for rating changes, MSRB filings and market trade activity, Lumesis says.

Advisor also provides tools to monitor, oversee and support time-of-trade disclosure to retail clients for municipal bonds, and real-time insight into client positions through dashboard notifications.

LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc., is the nation's largest independent broker-dealer, an RIA custodian and an independent consultant to retirement plans.