LPL Exit Fees

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May 14, 2008 7:17 pm

Can anyone who works at LPL or has worked with them let me know what they charge a client who closes out their accounts and moves to a competitor for both qualified and non-qualified accounts.

Thanks
May 14, 2008 8:45 pm

It’s eleventy kabillion dollars.

May 14, 2008 10:38 pm

May 14, 2008 10:46 pm

[quote=joedabrkr] [quote=noggin]It’s eleventy kabillion dollars.[/quote]

Hey!  That’s my line!
[/quote] \

I'm at your firm, might as well take your line too.....
May 14, 2008 10:55 pm

May 15, 2008 12:26 am

Oops, thanks for the catch. You are so right.

May 15, 2008 11:07 am

Forgive him Joe, he's still working on getting the kool aid out of his system. 

Noggin - I've heard that alcohol works well for that. 
May 15, 2008 5:36 pm

Qualified account is last years admin/custodial fee of $40 and termination fee of $75.  Can’t remember what is charged on any other non qual account.

May 15, 2008 9:35 pm

[quote=Spaceman Spiff]

Forgive him Joe, he's still working on getting the kool aid out of his system. 

Noggin - I've heard that alcohol works well for that.  [/quote] Good one, I've been trying that actually!!