Second Line Capital (2LC) provides investment advisory services through various programs sponsored by LPL Financial. 2LC offers financial planning, consulting, and investment management services. Clients' investment portfolios are managed on a discretionary or non-discretionary basis by 2LC's representatives or independent investment managers. 2LC allocates client assets among mutual funds, exchange-traded funds (ETFs), individual debt and equity securities, and independent investment managers.
Fee Structure
Second Line Capital (2LC) offers investment management services for an annual fee based on the amount of assets under management. The management fee can be up to 2.00% annually. The fee is determined by the investment advisor representative and is allocated between 2LC and the representative. The fee is charged quarterly, in advance, based on the market value of the assets being managed on the last day of the previous quarter. 2LC also uses LPL programs, which have maximum fees ranging from 0.95% to 3.0%.