LPL Launches No-Transaction-Fee ETF Network
LPL Financial, the nation’s largest independent broker-dealer, has introduced a no-transaction-fee, exchange-traded fund network.
Inaugural partners in the network include three of the leading ETF providers—State Street Global Advisors, Invesco and WisdomTree—with the new pricing effective December 6. The announcement is part of LPL’s multiyear strategy to lower pricing and further increase the value of the firm’s advisory platforms.
Free ETF trading with these three asset managers will be available on the firm’s Strategic Asset Management and Strategic Wealth Management platforms, designed for corporate RIA, hybrid RIA or RIA-only advisors.
Founded in 1989, LPL Financial is headquartered in Fort Mill, S.C., San Diego and Boston.
ScholarShare 529 Debuts CSA Platform
ScholarShare 529, California’s official college savings plan, has launched its Children’s Savings Account (CSA) platform, designed to support local governments and non-profit organizations interested in establishing their own local CSA program.
The ScholarShare 529 platform is intended to support organizations that currently administer a citywide or regional CSA program or that may implement one through the CSA Grant Program.
Since 2010, CSA programs nationwide have relied on VistaShare Outcome Tracker to securely manage data. The tracker provides the easy importation of child data, application of additional contributions and incentives, direct interaction with parents, data reporting and seamless integration with ScholarShare 529 accounts.
For further information, visit www.ScholarShare529.com/CSA or contact ScholarShare 529 directly by e-mail at [email protected] or by telephone at (916) 651-6380.
ScholarShare 529 is a Morningstar Gold-rated college savings plan for California residents.
Cornerstone Capital Unveils Access Impact Fund
Cornerstone Capital Group, a New York-based financial services firm, has launched its Cornerstone Capital Access Impact Fund (CCIIX), targeted to investors that want to save the world and realize a profit for their efforts.
The fund is a liquid, low-minimum solution that adheres to Cornerstone’s rigorous standards for vetting investments.
The all-cap, global thematic fund allocates its assets among multiple investment managers acting as subadvisors, whose investment strategies emphasize certain themes and/or employ various environmental, social and governance (ESG) criteria. The fund’s goal is long-term capital appreciation.