Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
- Selection of Others Advisors
- Educational Seminars & Workshops
- Other
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
- State & Municipal Govt Entities
- Sovereign Wealth Funds & Foreign Official Institutions
- Corporations or Other Businesses Not Listed Above
- Other
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
- Commissions
Lpl Financial LLC Overview
LPL Financial LLC is a registered investment advisory firm offering fee based services since 1975. Headquartered in Fort Mill, South Carolina, the firm operates as a broker-dealer and insurance broker, providing investment advice to individuals, small businesses, and institutional clients. The firm's services include financial planning, portfolio management, pension consulting services, selection of other advisors, and educational seminars and workshops. The firm offers portfolio management services for both individuals and businesses, as well as institutional clients. They also offer pension consulting services. In addition, LPL Financial LLC provides educational seminars and workshops to help clients better understand investment strategies, market trends, and other important financial topics. The firm's advisors assist clients in selecting other advisors, in addition to offering consulting and other non-discretionary advisory services. With nearly 50 years of experience in the industry, LPL Financial LLC is a highly respected registered investment advisory firm. The firm's focus on fee based services provides transparency and ensures that their advisors are motivated to act in the best interests of their clients. Clients of the firm can expect to receive personalized advice and a comprehensive range of financial planning services.
LPL Financial LLC is a financial advisory firm that caters to various types of clients. Its client base includes individuals, high net worth individuals, pension or profit sharing plans, charitable organizations, state or municipal government entities, sovereign wealth funds, other corporation types not listed, and other types of clients. The firm recognizes that every client is unique, and so it offers a range of fee structures depending on the service provided. Clients could choose from percentage of AUM, hourly, fixed fees, or commissions, depending on the nature of the financial service they require. For instance, if a client seeks investment management services, the firm usually charges a percentage of the assets under management as an annual fee. On the other hand, if the client prefers customized financial planning services, then the firm may charge a fixed or hourly fee. As such, LPL Financial LLC provides flexibility and tailored fee structures to suit its clients’ specific financial needs.
Typical Clients, Fee Structures & Investment Minimum
According to LPL Financial LLC's Part 2 Brochure, there is no clear mention of an investment minimum. Therefore, it can be assumed that LPL Financial LLC does not have a specific investment minimum and may vary based on the accounts and investment vehicles offered by the firm. Potential clients should contact LPL Financial LLC directly to inquire about investment minimum and other account requirements.
How This Office Can Help Linn County, OR Residents
LPL Financial is dedicated to assisting clients in Linn County, OR, with a wide range of financial solutions. The team at LPL Financial recognizes the unique financial challenges and opportunities that the residents of Linn County, OR, face, and they work diligently to provide customized solutions to help clients achieve their financial goals. The professionals at LPL Financial are ready to offer their expertise in financial planning and investment management to individuals and businesses in Linn County, OR. For someone living in Linn County, OR, who is looking for financial assistance, LPL Financial offers a variety of services, such as retirement planning, estate planning, investment management, tax planning, and risk management. Many residents in Linn County, OR, are faced with the challenge of saving for retirement, and LPL Financial can help address that need. Managing and planning an estate can be complicated and time-consuming, and LPL Financial can help simplify the process for clients. Additionally, LPL Financial can provide investment management solutions, including portfolio design and monitoring, to help clients achieve their financial objectives. With a customized approach to financial planning, LPL Financial can help clients meet their specific financial needs in Linn County, OR.
Services Offered by Lpl Financial LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Lpl Financial LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Unavailable
Subscription (Newsletter or Periodical)
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Lpl Financial LLC is registered to service clients in the following states:
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Virgin Islands
Disciplinary History
Lpl Financial LLC does not have any disclosures. Please visit it's Form ADV for more details.