On this episode of the Dakota Live Podcast, we sit down with Andrew Deck, Vice President and Head of Alternative Investments at LPL Financial, alongside his colleague Matt Doyle, Head of Investment Due Diligence, for an inside look at how one of the largest advisor platforms in the country is thinking about alternatives, manager research, sourcing, and portfolio construction today.
LPL Financial is one of the largest independent wealth management and advisor platforms in the country, supporting more than 32,000 financial professionals and serving approximately 8 million Americans across advisory, brokerage, and institutional channels.
What makes LPL particularly interesting in today’s environment is the firm’s growing role at the intersection of institutional-quality manager research, alternative investments, advisor technology, and large-scale wealth management distribution.
We explored:
• How LPL is translating institutional-quality private markets into the wealth channel
• The evolution of manager research and due diligence inside large advisor platforms
• Why education and implementation matter just as much as access
• The future of evergreen structures, interval funds, and public/private solutions
• What asset managers need to understand before approaching large platforms
• How Andrew and Matt think about sourcing, differentiation, underwriting, and conviction
• What’s next for alternatives as wealth management and institutional investing continue to converge
One of our favorite parts of the conversation was hearing Andrew and Matt together at the desk. You get both the strategic platform perspective and the day-to-day underwriting process from the people actually building it.
For anyone working in manager research, fundraising, OCIO, private markets, wealth management, or institutional sales, this is a fascinating look behind the curtain at where the industry is headed.