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 trusted financial advisory firm providing investment advice to clients since 1975. With their headquarters located in Fort Mill, SC, LPL Financial LLC has built a reputation as a reliable fee-based financial advisory firm. As a registered broker-dealer and insurance broker/agent, LPL Financial LLC offers a variety of financial services to its clients. Services offered by LPL Financial LLC include financial planning, portfolio management for individuals and small businesses, portfolio management for businesses or institutional clients, pension consulting services, and selection of other advisors. LPL Financial LLC also offers educational seminars and workshops to help clients better understand their investment options and make informed decisions about their finances. In addition to its investment services, LPL Financial LLC provides consulting and other non-discretionary advisory services to assist clients with their unique financial needs. This includes personalized guidance on a variety of financial matters such as risk management, taxation, and estate planning. With a team of experienced advisors and a commitment to providing exceptional service, LPL Financial LLC is dedicated to helping clients achieve their financial goals.
LPL Financial LLC is a financial advisory firm that offers an array of services to various types of clients. The firm caters to individuals, high net worth individuals, pension or profit sharing plans, charitable organizations, state or municipal government entities, sovereign wealth funds, and other corporation types not listed. LPL Financial LLC also welcomes other types of clients who seek assistance in managing their finances. This diverse clientele shows the firm's flexibility and expertise in handling various financial situations. When it comes to fee structures, LPL Financial LLC offers different options. The fees depend on the type of service provided. Clients can choose to pay LPL Financial LLC a percentage of their assets under management (AUM). Alternatively, they can choose an hourly fee structure where they pay for the amount of time spent on consultations or financial planning. Fixed fees are also available for specific services, and clients have the option to pay commissions for transactions executed on their behalf. The availability of various fee structures allows clients to select a payment method that best fits their financial goals and needs. LPL Financial LLC understands that each client has different requirements and goals in mind, and therefore offers these options to cater to diverse financial situations.
Typical Clients, Fee Structures & Investment Minimum
According to LPL FINANCIAL LLC's Part 2 Brochure, there is no mention of an investment minimum. Therefore, it is unclear what their investment minimum may be.
How This Office Can Help Schuylkill County, PA Residents
Edward Jones - Financial Advisor: Kate C Haisch, AAMS®|CRPC® provides investment and financial planning services to clients in Casper, WY. Kate C Haisch works one-on-one with each client to understand their unique financial situation and goals. This allows her to create personalized financial plans that help clients achieve their objectives, whether it's saving for retirement, planning for their children's education, or managing their investments. Living in Casper, WY, there are various financial situations that individuals may face, including saving for retirement with the booming tourism industry, managing assets in a volatile market, planning for college expenses with the University of Wyoming just over 100 miles away, or navigating through inheritance and estate planning. As a knowledgeable financial advisor, Kate C Haisch understands the unique financial concerns that clients in Casper, WY may have and she provides tailored strategies to help them meet their financial goals, no matter their financial situation.
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.