Questions and Answers

Are you a fiduciary advisor?

Yes. We abide by the fiduciary* duty to be legally obligated to put your interest first.

What is LPL Financials’ Education-Only policy?

It is our policy to educate a 401(k) participant about the available options regarding their retirement plan assets:

  • Leave assets in the plan
  • Roll over to another employer plan (if available)
  • Roll in to an IRA
  • Take a cash distribution

It is important to discuss the pros and cons of each available option.  Our role is to ensure the participant can make an informed, independent decision to roll out of their retirement plan.

Can you be appointed as my advisor if I would like to leave my IRA where it is?

Unfortunately, we would not be able to serve as your advisor.

Is there an account minimum to use your services?

Yes, our minimum account size is $50,000.

What is the Total Account Fee?

A client’s total fee includes the Advisory Fee and Portfolio Strategists Fee (if applicable) and will range from 0.50% to 1.75%.

What are the services you provide in managing my IRA?

Our Responsibilities as Your Advisor

Personal consultation and ongoing advice

Selecting appropriate strategists and models

Monitoring your plan and performance

Leveraging our knowledge of markets, asset allocation, and portfolio construction

Performance reporting

The Responsibilities of the Strategists

Selecting individual securities for the model portfolios

Monitoring the portfolios to ensure alignment with stated objectives

What are the five most important factors to consider for my retirement account?

  1. Risk Profile - Knowing your profile is an important aspect of investing and plays a key role in determining the appropriate asset allocation and selection of investments…so know your Risk Score.
  2. Asset Allocation - Diversifying between stock, bond and alternative investments is important but knowing how they work together and what influences the rise and fall of their prices is equally important. This helps to manage the emotional rollercoaster that comes with market volatility.
  3. Fees - How much are you paying? Who are you paying? and what service are you getting in return?  
  4. Beneficiary - It is important to periodically review your primary and contingent beneficiary designations.  It should be noted that the beneficiaries named for your 401(k) and IRA accounts will supersede any designation you may have outlined in a will.
  5. Strategy - What is the purpose of your retirement account? What can you do today to have a say in retiring on your own terms?

What is the best investment strategy for my situation?

Based on your goals, risk tolerance, and preferred investment style, we’ll determine the appropriate investment strategy for your situation.

  • Capital Appreciation – Prioritizes long-term gains over short-term gains
  • Income Generation – Prioritizes current income over long-term gains
  • Risk Aware – Prioritizes the preservation of assets you’ve already accumulated

Your investment strategy is the main goal we’ll work toward when building your portfolio and look at with you when it’s time for a review of your account. Rather than comparing your account’s performance with the financial markets, we’ll examine whether or not your portfolio is tracking with its stated goal.

* Fiduciary services are with advisory clients only.