Should I invest with LPL Financial 2024

Disclaimer: All comparison pricing and fee schedules are deemed to be valid at the time of recording. Information is from SEC ADV documents & firm websites. Pricing may have changed so check your Advisory agreement and check for new information. https://adviserinfo.sec.gov/firm

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I recently listened to a podcast about #LPLFinancial Advisors. Should you invest with an #lpl Advisor? Short answer (in my opinion): NO, we suggest you invest with a fee-only, fiduciary Advisor who charges less than 1% on the first $1M. (please note, this information was developed from SEC ADV frim brochure information filed in 2023 from a large LPL Advisor in Colorado). If your fee is above 1%, get a free 2nd opinion!
Your current Advisor is hoping you don’t run this analysis!
Please watch the brief video above, it might save you $6k to $20k per year! Really, it is so important to calculate your total fees in dollars! (Advisor fees, expense ratios, commissions, other hidden fees) You may be shocked!

Here are some key takeaways:
– LPL Financial LLC, is a marketing machine. They have over 21,000+ advisors and thousands of independent offices (according to Google). We believe, LPL Advisors are expensive for their scope of services. Save money and find a better solution like an independent RIA (Registered Investment Advisor) who is fiduciary for you and your family?

LPL Advisors may be expensive. You don’t need to pay 30% to 50% more for an advisor. High fees will impact your retirement. Fees matter! We will show you the numbers.
What is your scope of work? Portfolio management? Financial planning? Tax strategy? Insurance? What are you actually paying for?
LPL has a lot of sales reps/ brokers/ advisors and real estate. This is may be a reason that fees are high for clients.
Some of their advisors may not be a fiduciary for clients (they are typically fee-based – show me in your ADV Part 2 firm brochure). LPL Advisors may use expensive mutual funds like American Funds and other companies that have 12b-1 fees.
LPL Financial reviews by clients – See these Consumer Affairs Reviews – BBB
Should I invest with LPL Financial? How much are my total fees? Why is LPL Financial so expensive? Why does LPL have so many fees?
Is LPL Financial a fiduciary? Sometimes yes and sometimes no. LPL financial fees & fee structure.
Here is a sample from Colorado Financial Partners. 140 financial advisors in Colorado and over 51,000 accounts!
Check out our Why DFA vs. Vanguard page for a better solution.

💲If you are looking for a new Advisor, we are built for the Millionaire Next Door!

Can you afford an expensive Advisor/ Broker/ Insurance Sales Rep? We think you can do better!

We suggest you want:
✅1) Fee only, Fiduciary for you 100% of the time.
✅2) Advisor fees below 1%. You don't need to pay 1%+ for a $1M to $10M+ portfolio.
✅3) What scope of work do you need? Portfolio Management, Financial Planning, Tax Optimization, Roth Conversions.
✅4) We are data driven and will show you your red flags.
✅4) We help you to live your best life possible.
✅5) We have great partners like Dimensional Funds, Avantis, Vanguard, JP Morgan, AQR, iShares and more.

Contact us for a free 2nd opinion about your financial strategy. You may be shocked by your total fees & red flags. Typical Clients have total investments more than $500k (younger & going to be the Millionaire Next Door) & Clients with $1M to $10M+.

We work with Clients nationwide. Book a meeting here- https://calendly.com/todd-iia/discove...