Payouts and Pricing
At LPL, our success depends upon helping you achieve your success. One way we do that is by leveraging our scale and resources to offer competitive payouts and bonuses, along with fair pricing and charges applied to a variety of service options to help maximize your profitability and best meet your practice’s needs.
Retain more of the revenue you generate. Get rewarded for your growth.
Maximize your success
Choosing a broker-dealer to support your business is a big decision. You need to consider factors like the culture of the organization, the technology they provide and the level of service they aspire to. And of course, your net payout is important too.
One of the great benefits of being an independent advisor and business owner is the compensation you receive for the value you’ve created for your clients. Naturally, your earning potential is key when making a change to your business. At LPL, we respect your hard work. And because our success depends on yours, we do our part in supporting you to realize the highest possible value from your business.
- Competitive payouts and bonuses
- Lower pricing and fees
- Greater options for your practice
Our competitive payout structure means that you retain more of the revenue you generate. Plus, you continue to earn bonuses as you grow. This gives you the opportunity to enhance the value of your practice and clients.
LPL Financial offers competitive compensation structures, with payouts between 90-100%.
Click below to access quick links to:
- Representative Payout Rate
- Branch Payout Rate
- Advisory Payout Rate
- Affiliation Costs
- Advisory Charges
- Brokerage Charges
- Technology Pricing
Download the Payout and Pricing Reference Guide.
Representative Payout Rate
||LPL Financial Payout
|Mutual Funds||Starting at 90%|
||Starting at 90%|
|Variable Annuities||Starting at 90%|
|Unit Investment Trusts (UITs)||Starting at 90%|
|Fixed Income||Starting at 90%*|
|Stocks, Options, ETPs, Closed-End Funds||Starting at 90%**|
Commissions on stock and option trades are based on the published commission schedule and may be discounted up to 50%. The minimum commission is $30. Markup/markdown on fixed income trades varies with the particular product and length of maturity.
* Excluding any LPL markup/markdown
** After the application of an LPL trade and surcharge of 16.6%
Branch Payout Rate
OSJ managers receive bonus payouts based on overall production. Individual bonuses paid are deducted from the branch bonus. If total individual bonuses paid for that branch exceeds the branch bonus, no further bonuses are paid to the OSJ manager. Production associated with new advisors who join existing LPL branches and have less than $250,000 of verified, trailing 12-month production is not eligible for branch bonus. In addition, the branch production bonus will not apply with respect to gross commissions and fees earned by an advisor who transfers to your OSJ from another LPL OSJ.
Branch Bonus Stucture
|$300,000 - $499,000||1%|
|$500,000 - $999,999||2%|
|$1,000,000 - $2,999,999
|$3,000,000 - $3,999,999||4%|
|$4,000,000 - $4,999,999||5%|
* Hybrid RIA production bonuses are calculated on brokerage commissions only and not advisory revenue paid to the RIA firm.
If individual bonuses are paid during the year, they are deducted from the branch bonus. If individual bonuses paid exceed the branch bonus, no further bonuses are paid. Production bonuses are computed on incremental dollars only.
Advisory Payout Rate
Errors and Omissions Insurance: $3,650, plus an additional fee of $600 if a registered representative is engaged in an approved outside business activity of life or health insurance or as a registered investment advisor (RIA)
Compliance Inspection Fee: $300–$600
|Monthly||Resource Fee: $175
Bonding Fee: $10
Core Technology Fee: $75
|Miscellaneous||SIPC Assessment: 0.1875% of gross commissions
FINRA Assessment: 0.23% of gross commissions
|Fixed Income||$50.00 online/phone|
|Mutual Funds||$0.00–$26.50 (depending on fund family) online|
|Equities||$15.00 online market orders
$18.00 online limit orders
$25 exercise and assignments
|Fixed Income||$35.00 online/phone|
|UITs||Buy: $30 online
Sell: $20 online
|Mutual Funds||Load fund buy: $0-30 (depending on the fund family) online
Load fund sell: $0 online
No load fund sell: $15 online
|LPL Core Technology Package||$75/month per advisor|
|Client Reporting||$75/month per advisor|
|Redtail CRM||$50/month for up to 60 users|
|Salesforce CRM||10 or fewer users: $65/month per user; 11 or more users: $60/month per user|
|Enhanced Trading||Included with LPL Core Technology subscription; Rebalancer add-on subscription for $150/month|
|WealthVision||$300/month per advisors (1 advisor and 3 assistants); $21/month per additional assistant|
|WealthVision Select||$150/month per advisors (1 advisor and 3 assistants); $21/month per additional assistant|
|WealthVision Planner||$125/month per user|
Transitioning your business
Transitioning is hard, but with experience helping thousands of financial advisors transition to independence, we can help make the process easier than you think.
Business model options
With our complete breadth of business model options, you can find the one that best for you now and explore other paths for future growth.