LOS ANGELES, CA--(Marketwired - Aug 3, 2015) - AdvisoryWorld, the leading provider of investment analytics, portfolio modeling, and proposal generation technology for the financial services industry, today announced that they have been selected to join LPL Financial's new Vendor Affinity Program. Launched in July, the Vendor Affinity Program is a new initiative designed to help financial advisors reduce the complexity and costs of running their businesses. The program creates a centralized repository of vendors that have been reviewed by LPL and have agreed to provide their products and services to LPL advisors at discounted rates.
Through the Vendor Affinity Program, AdvisoryWorld will be offering the LPL advisor network its SCANalytics, Advisor Proposal Generator, and Batch Risk Analysis System applications. SCANalytics is a technology application that automates the backtesting of portfolios for proposal, periodic reviews, and suitability reviews. The Advisor Proposal Generator application creates risk profiles, risk-adjusted model portfolios, white label proposals, investment policy statements, and allows for straight-through-processing to new account creation. The Batch Risk Analysis System is a tool used to systematically analyze an entire book of business for compliance and prospecting purposes.
"We recognize that technology is a major contributor to creating increased efficiency and driving greater productivity in our clients' businesses," said Victor Fetter, LPL Financial managing director and chief information officer. "Being able to connect LPL clients with leading technology solution providers adds a new dimension to the level of service and support we can provide to clients to help them manage and grow their businesses. "
AdvisoryWorld has provided the financial services industry with innovative analytical technology since 1987. Today, over 30,000 investment advisors nationwide utilize AdvisoryWorld technology to help support and grow their practices.
"We have worked with hundreds of LPL advisors for many years and are thrilled to be able to reach and help thousands more in the LPL network," said Mike Wilson, COO and President of AdvisoryWorld. "Our technology is fully customizable and integrates with many of the industry's top technology providers to offer financial advisors solutions that will have maximum impact on their day-to-day operations and client interactions."
About AdvisoryWorld
AdvisoryWorld is the leading provider of investment analytics, portfolio modeling, and proposal generation technology for the financial services industry. Their technology tools are fully customizable and are delivered via off-the-shelf web applications, API, and Professional Services. Founded in 1987, AdvisoryWorld is headquartered in Los Angeles, CA, and currently services over 30,000 investment professionals nationwide. For more information, please visit www.advisoryworld.com.
About LPL Financial
LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (
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