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.

Our size and scale can help you by providing:

• 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.

Payout

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
• Administrative Fee Reimbursement
• Affiliation Costs
• Advisory Charges
• Brokerage Charges
• Technology Pricing

Download the Payout and Pricing Reference Guide.

Representative Payout Rate

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%

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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

* 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.

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Advisory Payout Rate

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Administrative Fee Reimbursement Program

LPL reimburses a portion of the administrative fees paid on advisory accounts to advisors who qualify based on the revenue tiers. The greater your advisory revenue, the greater your reimbursement. 

The program provides a quarterly reimbursement based on your trailing 12-month advisory revenue. At the end of each quarter, a snapshot of your 12-month rolling advisory revenue is used to determine your reimbursement for the upcoming year.

Individual Advisor Reimbursement

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Affiliation Costs

Please refer to the Representative Agreement for a comprehensive list of all affiliation costs.

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Advisory Charges

Please refer to your Representative Agreement for official pricing.

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Brokerage Charges

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Technology Pricing

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