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Payouts and PricingQuick Reference Guideas of January 2020Representative Payout RateAdvisory Payout RateSecurity TypeLPL Financial PayoutStarting At:Mutual Funds90%Alternative Investments90%Variable Annuities90%Unit Investment Trusts (UITs)90%Fixed Income90%*Stocks, Options, ETPs,Closed-End Funds90%**Commissions on stock and option trades are based on thepublished commission schedule and may be discountedup to 50%. The minimum commission is 30. Markup/markdown on fixed income trades varies with the particularproduct and length of maturity.*Excluding any LPL markup/markdown**After the application of an LPL trade surcharge of 16.6%Production BonusesTypePayoutStrategic AssetManagement (SAM)SAM I: 90% of advisory fee, and netof administrative fee (client paystransaction charges)SAM II: 90% of advisory fee, andnet of administrative fee, andtransaction charges (advisor paystransaction charges)Manager Select90% of net advisory fee, afterdeduction of administrative fee,custody and clearing fee, andseparate account manager feeGuided WealthPortfolios (GWP)90% of advisor feeOptimum MarketPortfolios (OMP)90% of total advisory feeModel WealthPortfolios (MWP)90% of advisor feePersonal WealthPortfolios (PWP)90% of net advisory fee, afterdeduction of administrative fee,custody and clearing fee, overlayportfolio management fee, andseparate account manager feeIndividualBonus 100,0001% 200,0002% 500,0003% 750,0004%Annual 1,000,0005% 2,000,0006%Errors and OmissionsInsurance 3,000,0007% 4,000,0008% 3,650, plus an additional fee of 600 ifa registered representative is engagedin an approved outside business activityof life or health insurance or as aregistered investment advisor (RIA)BranchBonus 300 – 600 300,0001%ComplianceInspection Fee 500,0002%FINRA Renewal 75 1,000,0003%State Renewal 75 3,000,0004% 4,000,0005% 5,000,0006%Affiliation CostsMonthlyResource Fee 175Bonding Fee 10Core Technology Fee 75Miscellaneous1SIPC Assessment0.1875% of gross commissionsFINRA Assessment0.23% of gross commissions
Payouts and PricingStrategic Asset Management (SAM)Flat SAM Admin Fees*Advisory ChargesEquities/ETFs/ClosedEnd Funds 0 – 9 onlineOptions 25 onlineFixed Income 50 online or phoneUITs 35 onlineMutual Funds 0 – 26.50 (depending on fundfamily) onlineFBVAs 50 onlineEffective January 1, 2019, individual advisors with more than 25M in LPL custodied advisory assets under management(AUM) will be able to take advantage of flat basis point pricingtransaction charges.SAM FeesMinimum Account Size 25,000Annual Account FeeMinimum: 0.50%Maximum: 2.50%Advisory AUM(in all fee-based AUM)Annual Fee 25,000,000 8 basis points 50,000,000 5 basis points 100,000,000 3 basis pointsSAM Admin FeesAccount SizeAnnual Fee 25,000 – 99,9990.200% 100,000 – 249,9990.150% 250,000 – 499,9990.125% 500,000 – 749,9990.100%AI Admin Fee 35 per position/per account/peryear ( 100 annual max)Alternative InvestmentProduct Processing Fee 50 per transaction 750,000 – 1,249,9990.075%Custody and ClearingNone 1,250,000 – 4,999,9990.050%Separate AccountManager FeeNone 5,000,000 – 24,999,9990.025%Overlay PortfolioManagement FeeNone 25,000,000 0.015%Program FeeNoneStrategist FeeNoneSmall Account Fee 10 per quarter if under 100,000SAM Ticket ChargesEquities/ETFs 0 – 9Mutual Funds: Fully ParticipatingNoneMutual Funds: Partial Participating 4.50Mutual Funds: Non-Participating 26.50Bonds 50UITs 35Options 25Transaction Fee/Service ChargeNoneFee-Based VAsNoneAdvisor PayoutSAM I: 90% of advisory fee, net of administrative fee(client pays transaction charges)SAM II: 9 0% of advisory fee, net of administrativefee and transaction charges (advisor paystransaction charges)*Advisors with 25M in AUM, please reference the tiered level grid.2
Payouts and PricingManager SelectManager Select Transaction ChargesManager Select FeesMinimum Account SizeStarting at 50,000EquitiesNoneAnnual Account FeeMinimum: 0.50%Maximum: 2.50%Mutual Funds: Fully ParticipatingNoneMutual Funds: Partial ParticipatingNoneAI Admin Fee 35 per position/per accountper year ( 100 annual max)Mutual Funds: ransaction Fee/Service ChargeNoneFee-Based VAsNoneManager Select Custody and Clearing FeeAccount sizeABC 50,000 – 99,9990.20%N/AN/A 100,000 – 149,9990.15%0.20%0.10% 150,000 – 249,9990.15%0.20%0.05% 250,000 – 499,9990.10%0.15%0.05% 500,000 – 749,9990.10%0.125%0.05% 750,000 – 1,999,9990.10%0.10%0.05% 2,000,000 – 4,999,9990.075%0.0750.05% 5,000,000 – 24,999,9990.05%0.05%0.05% 25,000,000 0.025%0.025%0.025%Manager FeeVaries by manager, but typically:Minimum Account Size 5,000 0.05% – 0.40% for modelAnnual Advisor FeeMinimum: 0.00%Maximum: 1.00%AI Admin FeeNoneCustody and ClearingNoneSeparate Account Manager FeeNoneOverlay Portfolio Management FeeNoneProgram Fee0.35%Strategist FeeNoneSmall Account Fee 20 per year ifunder 10,000Advisor Payout90% of net advisory fee, after deduction of administrative fee,custody and clearing fee, and separate account manager feeGuided Wealth Portfolios (GWP)GWP Feesdelivery strategies 0.50% for non-model deliveryequity strategies 0.15% for bondladder strategies 0.30% for non-ladder fixedincome strategiesTo view specific fees for individualportfolio managers, go to theResource Center, and searchfor “Manager Select” to find theManager Select Participation List.Overlay PortfolioManagement FeeNoneProgram FeeNoneStrategist FeeNoneSmall Account FeeNoneGWP Admin FeesNoneGWP Transaction ChargesManager Select Admin FeeAccount SizeAnnual Fee 50,000 – 249,9990.150% 250,000 – 749,9990.100% 750,000 – 1,249,9990.075% 1,250,000 – 4,999,9990.050% 5,000,000 – 9,999,9990.025% 10,000,000 – 24,999,9990.015% 25,000,000 0.010%EquitiesNoneMutual Funds: Fully ParticipatingNoneMutual Funds: Partial ParticipatingNoneMutual Funds: ransaction Fee/Service ChargeNoneFee-Based VAsNoneAdvisor Payout90% of advisor fee3
Payouts and PricingOptimum Market Portfolios (OMP)Model Wealth Portfolios (MWP)OMP FeesMWP FeesMinimum Account Size 10,000Annual Account FeeMinimum: 0.50%Maximum: 2.50%AI Admin FeeNoneCustody and ClearingNoneMaximum: 2.00%Separate Account Manager FeeNoneOverlay Portfolio Management FeeNoneProgram FeeNoneStrategist FeeNoneSmall Account FeeNoneTotal Account Fee: Mayincrease or decrease withmodel selection changesor model investment valuechanges, depending on theapplicable strategist fee, andthe program fee levelOMP Admin FeesNoneOMP Transaction ChargesEquitiesNoneMutual Funds: Fully ParticipatingNoneMutual Funds: Partial ParticipatingNoneMutual Funds: ransaction Fee/Service Charge 5.00 per tradeon rebalances,allocations, andnonsystematicwithdrawalsFee-Based VAsMinimum Account SizeMinimums vary based onstrategist and model, startingat 10,000Annual Account FeeAdvisor Fee: Minimum 0.00%AI Admin FeeNoneCustody and ClearingNoneSeparate AccountManager FeeNoneOverlay PortfolioManagement FeeIncluded in program feeProgram FeeModel SizeSchedule ASchedule B 10,000 – 99,9990.35%0.45% 100,000 – 749,9990.25%0.35% 750,000 – 1,249,9990.20%0.30% 1,250,000 – 4,999,9990.18%0.28% 5,000,000 – 24,999,9990.13%0.23% 25,000,000 0.08%0.18%Strategist FeeNoneAdvisor Payout90% of total advisory feeLPL Research0.00%AB (AllianceBernstein)0.00%Alpha Simplex0.00%BlackRock0.00 – 0.15%Brinker .P. Morgan0.00%Morningstar0.00 – 0.15%PIMCO0.00%Russel:0.00%S&P0.16%State Street Global Advisors0.15%MWP continued on next page4
Payouts and PricingMWP (continued)Small Account FeePWP Fees (continued)NoneSeparate Account Manager FeeVaries by manager:0.15% – 0.50%Overlay Portfolio Management Fee0.10% for allaccount sizeProgram FeeNoneStrategist FeeNoneSmall Account FeeNoneMWP Admin FeesIncluded in program feeMWP Transaction ChargesEquitiesNoneMutual Funds: Fully ParticipatingNoneMutual Funds: Partial ParticipatingNoneMutual Funds: ransaction Fee/Service ChargeNoneFee-Based VAsNonePWP Admin FeesAdvisor Payout90% of advisor feeAnnual Fee 250,000 – 499,9990.125% 500,000 – 749,9990.100% 750,000 – 1,249,9990.075% 1,250,000 – 4,999,9990.050% 5,000,000 – 9,999,9990.025% 10,000,000 – 24,999,9990.020% 25,000,000 0.015%PWP Transaction ChargesPersonal Wealth Portfolios (PWP)PWP FeesMinimum Account Size 250,000Annual Account FeeMinimum: Dependenton manager selectionMaximum: 2.50%AI Admin FeeAccount Size 35 per position/peraccount/ per year( 100 annual max)Custody and ClearingEquities type sizeNoneMutual Funds: Fully ParticipatingNoneMutual Funds: Partial ParticipatingNoneMutual Funds: ransaction Fee/Service ChargeNoneFee-Based VAsNoneAccount SizeFeeAdvisor Payout 250,000 – 499,9990.45% 500,000 – 749,9990.35% 750,000 – 1,249,9990.30%90% of net advisory fee, after deduction of administrativefee, custody and clearing fee, overlay portfolio managementfee, and separate account manager fee 1,250,000 – 4,999,9990.25% 5,000,000 – 24,999,9990.20% 25,000,000 – 49,999,9990.15% 50,000,000 0.08%5
Payouts and PricingBrokerage ChargesLPL Technology PricingPer TransactionEquitiesLPL Technology 15 online market orders 18 online limit orders 25 order by phoneOptions 15 online market orders 18 online limit orders 25 exercise and assignmentsFixed Income 35 online or phoneUITsBuy: 30 onlineSell: 20 onlineMutual FundsLoad fund buy: 0 – 30 (dependingon the fund family) onlineLPL Core TechnologyPackage 75/month per advisorClient Reporting 75/month per advisorRedtail CRM 50/month for upto 60 usersSalesforce CRM10 or fewer users: 65/month per user;11 or more users: 60/month per userEnhanced TradingIncluded with LPL Core Technologysubscription; Rebalancer add-onsubscription for 150/monthWealthVision 300/month per advisor (1 advisorand 3 assistants); 21/month peradditional assistantWealthVision Select 150/month per advisor (1 advisorand 3 assistants); 21/month peradditional assistantWealthVision Planner 125/month per userLoad fund sell: 0 onlineNo load funds sell: 15 onlineThis material has been prepared by LPL Financial, LLC.If your advisor is located at a bank or credit union, please note that the bank/credit union is not registered as a broker-dealer or investment advisor.Registered representatives of LPL may also be employees of the bank/creditunion. These products and services are being offered through LPL or itsaffiliates, which are separate entities from, and not affiliates of, the bank/credit union.Securities and advisory services offered through LPL Financial (LPL), aregistered investment advisor and broker-dealer (member FINRA/SIPC).Insurance products are offered through LPL or its licensed affiliates. To theextent you are receiving investment advice from a separately registeredindependent investment advisor that is not an LPL Financial affiliate, please noteLPL Financial makes no representation with respect to such entity.Not Insured by FDIC/NCUA orAny Other Government AgencyFor Public Use. Member FINRA/SIPC.MKT-82222-0919 Tracking #1-934997 Exp. 06/22Securities and insurance offered through LPL or its affiliates are:Not Bank/Credit UnionGuaranteedNot Bank/Credit Union Depositsor Obligations6May Lose Value
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 . Brinker Capital 0.00% Col
