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 leading registered investment advisory firm that has been providing exceptional financial services since 1975. The firm operates on a fee-based fee arrangement, which ensures transparency in every financial transaction made. LPL Financial LLC is headquartered in Fort Mill, South Carolina, where it has established an extensive network of advisors to serve the needs of its clients. As a broker-dealer and insurance broker/agent, LPL Financial LLC provides investment advice to individuals, small businesses, and institutional clients. They offer a broad range of portfolio management services tailored to meet the unique and changing needs of their clients. Additionally, they provide pension consulting services, helping organizations optimize their employee retirement benefits. LPL Financial LLC goes beyond traditional financial advisory services, offering educational seminars, workshops, and other services to empower their clients to make informed investment decisions. The firm also provides consulting services that are non-discretionary, enabling clients to leverage their expertise to create and implement their customized investment strategies. In summary, LPL Financial LLC is a reputable and reliable investment advisory firm that offers comprehensive services to their clients. Their focus on meeting their client's unique needs and providing exceptional customer experience makes them stand out among their competitors.
LPL Financial LLC provides financial services to a broad range of clients. They serve individual clients who require general financial planning, investment management, and retirement solutions. They also cater to high net worth individuals who require more complex and sophisticated investment advice, asset allocation, and estate planning. Pension or profit-sharing plans, as well as charitable organizations, seek LPL Financial LLC's expertise on creating and maintaining long-term investment strategies that are tax efficient for their members or donors. The firm also extends its services to state or municipal government entities, sovereign wealth funds, and other types of corporations not listed. No matter the client type, LPL Financial LLC strives to provide comprehensive and customized financial solutions to help them succeed in achieving their goals. The fee structure for the services offered by LPL Financial LLC depends on the type of service provided. Clients who require ongoing investment management may opt for fee-based accounts, which charge a percentage of assets under management (AUM), typically between 1% to 2% annually. Clients who require one-time financial planning or consultation may opt for hourly fees, which are charged based on the amount of time spent on the project. Fixed fees are also available for specific services such as estate planning or investment management. Lastly, LPL Financial LLC also offers commission-based models for some products, such as insurance and annuities. These fee structures are transparent and ensure that clients' costs are aligned with their needs.
Typical Clients, Fee Structures & Investment Minimum
According to LPL FINANCIAL LLC's Part 2 Brochure, there is no specific mention of an investment minimum. Therefore, it is unclear whether the firm has an investment minimum for their clients. It is recommended to contact LPL FINANCIAL LLC directly to inquire about their investment minimum policies.
How This Office Can Help Shelton, CT Residents
LPL Financial provides a wide range of financial services to clients in Shelton, CT, to help them meet their unique financial goals and challenges. Whether clients are saving for retirement, planning for college tuition, or managing their wealth, LPL Financial has tools and resources that can help. Shelton's residents have a mixture of financial situations due to the city's unique mix of businesses and industries. With major employers such as Sikorsky Aircraft and PerkinElmer, Shelton's residents from these industries often seek help for retirement planning, 401(k) and other employee-retirement account management, or wealth-management services. Alternatively, people working at smaller firms may have different financial needs, such as investment strategies and planning for the purchase of a home or a child's college tuition. LPL Financial provides personalized advice and financial roadmaps to help clients in Shelton, CT, prioritize their goals, minimize risks, and optimize their portfolios.
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.