I recently listened to a podcast about LPL Financial 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!

We work with Clients on a national basis. Take action & schedule a free 2nd opinion below.  We will show you the data!

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.

When I started my firm in 2010, we started with the vision of competitive fees for the scope of work.  We work with clients to educate them about investing best practices and help them align their money with their values. We help clients reduce the middlemen (and middlewomen) in the investing process so our clients keep more of their money.  We help clients to make work optional.

– We are are a low-cost, fee-only Advisor.  We are a fiduciary for you 100% of the time.  Our fees are 0.6% on the first $1 million and they decline above $1 million.

Now is a great time to get a free 2nd opinion via Zoom meeting (see calendar below)! We will give you objective feedback, identify red flags and give your confidence about your future path. It is important to find out if you have areas that can be improved. We help clients make work optional & live the best life possible.

Ready to see if we’re a good fit?  Schedule a meeting below. 

We strongly recommend that if you hire an advisor, that person should be a fee-only advisor (not fee-based) and be a fiduciary for you 100% of the time.