LSP Advisory is a registered investment advisor that helps clients build customized portfolios using model portfolios from third-party sub-advisers. Clients choose a risk category based on their tolerance and objectives, and LSP Advisory recommends how to allocate assets among the portfolios. LSP Advisory receives a portion of the asset management fee charged by the sub-adviser. James Randazzo, the owner, is also licensed as an insurance agent and provides tax and income planning services through LSP Planning, LLC.
Fee Structure
LSP Advisory does not directly charge clients a fee for investment management. Instead, LSP Advisory receives a portion of the asset management fee charged by the third-party sub-adviser that manages the client's portfolio. For example, if the sub-adviser charges 2%, LSP Advisory may receive up to 1% of that fee. The client only pays the 2% fee, which is split between the sub-adviser and LSP Advisory. This fee is negotiable and billed daily, monthly, or quarterly, depending on the sub-adviser. The sub-adviser may also have a minimum portfolio size or fee.