LPL Enterprise offers a variety of advisory services and programs to individuals and institutions, including third-party asset management, unified managed accounts through an affiliate program called Model Wealth Portfolios, and personalized financial planning and consulting services. Personal financial planning covers topics such as retirement, estate, tax, and insurance planning, provided on a point-in-time basis. For investment management, LPL Enterprise connects clients with third-party asset managers or utilizes model portfolios managed by affiliates, which may have discretionary trading authority depending on the program. The firm operates primarily through independent investment adviser representatives associated with financial institutions or independent offices. Clients pay advisory fees based on a percentage of assets under management, flat fees, or hourly rates, depending on the chosen program.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 2.35% |
Maximum advisory fee for Model Wealth Portfolios is 2.35% and is negotiable, plus manager fees ranging from 0% to 0.60%. Third-party asset management fees typically max out at 2.0%.
