Charter Advisory offers investment advisory services on both discretionary and non-discretionary bases, including advice on asset allocation and investment selection. They also provide financial planning services, assisting clients with both short and long-term financial goals, including retirement planning. Charter works with clients to prepare financial plans that combine client goals with savings and retirement programs. Charter also refers clients to third-party investment advisors.
Fee Structure
Charter Advisory provides investment advice through programs sponsored by LPL Financial. Fees for these programs are negotiable, with maximum fees as follows:
- Manager Access Select: Up to 2.95% annually (advisory fee up to 2.35% and manager fee up to 0.60%)
- Optimum Market Portfolios (OMP): Up to 2.5%
- Personal Wealth Portfolios (PWP): Up to 2.95% annually (advisory fee up to 2.35% and manager fee up to 0.60%)
- Model Wealth Portfolios (MWP): Up to 2.95% (advisory fee up to 2.35% and manager fee up to 0.60%)
- Guided Wealth Portfolios (GWP): Up to 1.35% (LPL program fee of 0.35% and advisor fee up to 1.00%)
These fees are paid quarterly in advance. Charter and LPL may share in the account fee. Fees are negotiable.