LPL Financial sponsors the Optimum Market Portfolios (OMP) program, a mutual fund asset allocation program. LPL and your advisor provide ongoing investment advice. Your advisor helps determine if the program is suitable for you and assists in setting an investment objective. A model portfolio of mutual funds is selected, and LPL buys and sells securities based on that portfolio. LPL also acts as custodian, provides research, brokerage services, and administrative services.
Fee Structure
LPL Financial, along with your advisor, charges an annual fee based on the value of your account. This fee covers asset management, administrative, and custodial services. The fee is negotiable, but the maximum is 2.50% per year, paid quarterly in advance. LPL may share a portion of this fee with your advisor.
