LPL Flashcards
1
Q
Account Guide
A
2
Q
Payout Comparison
A
3
Q
Additional Compensation
A
4
Q
Annual Advisor Fees
A
5
Q
Client Account Fees & Waivers
A
6
Q
What are the LPL Technoloy Fees?
A
- BranchNet, Steamlined Office, Enhanced Trading - $900 ($75/m per advisor, free for assistant)
- Portfolio Manager - $900 ($75/m per advisor, free for assistant)
- Portfolio Review Tool (PRT) - $420 ($35/m per advisor, free for assistant)
- eMoney (WealthVision) - $3,600 ($300/m per advisor)
- ASI Reblanancing Tool - $1,200 ($100/m per advisor)
- Representative Website - $1,200 ($100/m per advisor)
- Tech fees can be as high as $8,220 ($685/m advisor)
7
Q
What are the research costs at LPL?
A
- All costs are for the Office not the Advisor
- Online Research - $840 / yr
- Weekly & Monthly Hard Copy - $318 / yr
- Can combine to $1,158 / yr
- S&P MarketScope Advisor
- Stock Reports - $360 / yr
- Bond Research - $360 / yr
- Mutual Funds - $300 / yr
- Stock & Mutual Funds - $540 / yr
- Stock, Mutual Funds & MarketScope - $780 / yr
- Stock, ETFs & MarketScope - $780 / yr
- Stock, ETFs, Bond Research, Mutual Funds & Hypo/Holding Scan - $1,380 / yr
8
Q
What are some of the differences between LPL & RJ?
A
- They have 14,400 advisors with 2,500 home office staff so service levels have suffered.
- They are very a-la carte therefore advisors have to pay for everything they want.
- Advisors have said it feels like LPL will “nickel & dime” you for everything.
- RJ has two line item charges to the advisor, E&O and Technology.
9
Q
How can advisors monitor prior NonTraded REIT business?
A
- RJFS advisors can subscribe to DST Vision
- Conitors prior investments even though we don’t allow new sales.
- Account aggregation with RJ may eliminate the need to use this software.
