Theme-Based Investment

Diversified

Diversified portfolios leverage the mutual fund recommendations of LPL Financial Research with the goal of generating a more consistent excess return profile relative to the LPL Financial blended benchmarks.

Tax Aware

Tax Aware portfolios seek excess return with a secondary goal of minimizing the impact of taxes. LPL Financial Research looks opportunistically at investments that have significant tax-loss carry forwards.

The portfolios are made up of investments that explicitly pursue a tax aware strategy or have historically shown a penchant for minimizing realized taxes.

Socially Responsible Investing (SRI)

Socially Responsible Investing portfolios seek excess return while utilizing socially responsible investments.

• Portfolios are made up of funds that are classified as socially responsible by either Morningstar or the mutual fund’s prospectus.
  
• The mutual funds selected for these portfolios are likely to adhere to differing sets of social objectivesor constraints. Because of the limited universe of mutual fund choices, there is no ability to specify social criteria.

Downside Risk Aware portfolios seek to outperform their benchmarks especially in down markets by lowering overall volatility.