LPL Enterprise (LPLE) provides financial planning and access to investment management programs. LPLE's representatives offer tailored financial planning and consulting services, covering retirement, education, estate, and tax planning. LPLE also provides access to third-party asset management programs (TAMPs) where third-party advisors manage investments. Additionally, LPLE offers access to LPL's Model Wealth Portfolios (MWP), a managed account program. LPLE representatives can offer both investment advisory and brokerage services.
Fee Structure
LPLE provides access to investment management through third-party asset management programs (TAMPs) and LPL's Model Wealth Portfolios (MWP). For TAMPs, the fees are negotiated with the LPLE representative, typically up to 2% of the assets managed, but may be higher in certain circumstances. The TAMP sponsor also charges a fee. For MWP, clients are charged an annual account fee that includes an advisory fee (maximum 2.35% and is negotiable) and a manager fee (0% to 0.60%).