LPL Enterprise, LLC
Assets Under Management
$18.9B
Number of Clients
86,726
Number of Advisors
2723
Average Client AUM
$217K
AUM per Advisor
$6.9M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
LPL Enterprise, LLC (LPLE) provides investment advisory services through its Investment Adviser Representatives (IARs). Services include financial planning, consulting, and access to Third-Party Asset Management (TAMP) programs. LPLE also offers access to LPL's Model Wealth Portfolios (MWP). IARs may also offer brokerage services. Clients should consider the differences between advisory and brokerage relationships.
Fee Structure
Financial planning fees range from $0 to $10,000 or up to $500 per hour, depending on the complexity and scope of the engagement. The IAR determines the fee based on factors like assets involved and complexity of services. For TAMP programs, LPLE and the TAMP sponsor each charge an advisory fee, with LPLE's fee typically up to 2%. Clients in the MWP program are charged an annualized account fee which is comprised of an advisory fee and a manager fee. The maximum advisory fee is 2.35% and is negotiable. The manager fee ranges from 0% to 0.60%.
Areas of Practice
Location
1055 Lpl Way, Fort Mill, SC, 29715