Charter Advisory Corporation offers personalized investment advisory services, financial planning, and portfolio management on both a discretionary and non-discretionary basis. Founded in 1979 and based in Indianapolis, Indiana, Charter Advisory Corporation works with individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and corporations. The firm provides guidance through various programs sponsored by LPL Financial, including model portfolio platforms, unified managed accounts, mutual fund asset allocation programs, and digital advice options. Additionally, Charter Advisory Corporation offers financial planning services tailored to individual short- and long-term goals, assisting clients with investments, insurance, and retirement programs. The firm emphasizes understanding each client's risk profile and financial status before making recommendations, and clients retain full discretion over whether to implement any prepared plans.
Fee Structure
Charter Advisory Corporation offers investment management through several different programs sponsored by LPL Financial, each with its own fee structure and account minimums:
- Manager Access Select Program — Total account fees up to 2.95% annually (includes an advisory fee of up to 2.35% and a manager fee of up to 0.60%). Requires a $50,000 minimum investment.
- Optimum Market Portfolios Program — Total account fees up to 2.5% annually. Generally requires a $1,000 minimum investment.
- Personal Wealth Portfolios Program — Total account fees up to 2.95% annually (advisory fee up to 2.35% plus manager fee up to 0.60%). Requires a $250,000 minimum investment.
- Model Wealth Portfolios Program — Total account fees up to 2.95% annually (advisory fee up to 2.35% plus manager fee up to 0.60%). Minimums vary by portfolio, starting at $10,000.
- Guided Wealth Portfolios Program — Total account fees up to 1.35% annually (includes an LPL program fee of 0.35% and an advisor fee of up to 1.00%). Requires a $5,000 minimum investment.
All management fees are paid quarterly in advance, and fees are negotiable.