Cheri Belski Appointed to Lead Investment Management Solutions at LPL
Cheri Belski Joins LPL Financial
In an exciting development for the wealth management sector, Cheri Belski has been appointed as the executive vice president and head of investment management solutions at LPL Financial LLC. This strategic move underscores LPL's commitment to enhancing its investment efforts, which include LPL Research, Investment Products, and Advisory Platforms, along with its Retirement Partners business.
Experience and Vision
Belski is not new to the financial landscape; she brings over 25 years of rich experience in the industry. Before her current role, she served as the global head of product at T. Rowe Price, where she shaped the firm's product development strategy, specifically in private markets. At LPL Financial, she aims to leverage her vast experience to empower the firm’s more than 23,000 advisors and around 1,000 institutions to thrive through tailored product offerings and strategies.
Driving Strategic Objectives
“We are thrilled to welcome Cheri to LPL,” expressed Aneri Jambusaria, managing director of LPL Business and Wealth Solutions. Belski's extensive background in sales, product management, client service, distribution, and operations equips her to lead the evolution of LPL’s investment solutions. She is expected to enhance the Model Wealth Portfolios (MWP) offering while overseeing an ambitious plan to introduce 50 alternative investment products by the end of 2025.
New Product Offerings
During the recent Focus 2024 event, LPL leaders provided a glimpse into innovative product introductions that will fall under Belski’s supervision. These initiatives are designed to address the diverse needs of contemporary American investors, including:
Enhanced Access to Investment Managers
- To meet the demand for lower-cost strategies, LPL now offers access to eight of the top ten ETF providers without transaction charges. LPL Research has also launched active ETF coverage, assisting advisors in evaluating managers suitable for various market conditions.
Expansion of Model Wealth Portfolios
- In further enhancements to the MWP platform, LPL introduced 200 new Separately Managed Accounts (SMAs), including over 25 additional fixed-income options. These new options allow advisors to provide sophisticated, customizable investments at significantly lower fees.
Incorporating Alternative Strategies
- LPL is committed to integrating more alternative investment strategies for their clients, including 12 new options such as hedge funds, drawdown strategies, and tax-deferral approaches. The firm plans to expand its offerings with an additional 50 alternative investment products within two years.
A Steady Commitment to Financial Independence
Headquartered in Fort Mill, S.C., Belski holds a bachelor's degree in political science and Latin American studies from the University of Pittsburgh, along with an MBA in International Business from Johns Hopkins University. Additionally, she holds various FINRA licenses, reflecting her extensive qualifications in the financial sector.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the belief that the firm should work for advisors and not the other way around. Today, LPL is recognized as a leader in the wealth management market, supporting over 23,000 financial advisors and numerous institutions across the United States. This commitment to the advisor-mediated model ensures that clients receive personalized guidance from capable financial professionals.
Frequently Asked Questions
Who is Cheri Belski?
Cheri Belski is a financial veteran recently appointed as the head of investment management solutions at LPL Financial, bringing over 25 years of industry experience.
What are LPL Financial's main areas of focus?
LPL Financial focuses on providing investment products, research, advisory platforms, and retirement solutions through its extensive network of advisors.
What innovations is LPL Financial planning to implement?
LPL plans to introduce 50 new alternative investment products by the end of 2025 and enhance its Model Wealth Portfolios with additional options.
What is the significance of the new product offerings?
The new offerings aim to provide lower costs and greater sophistication for advisors and their clients, reflecting LPL's commitment to innovation in wealth management.
Where is LPL Financial based?
LPL Financial is headquartered in Fort Mill, South Carolina, and operates with a focus on empowering financial advisors.
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