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Home > Account
Types > Brokerage Accounts |
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We provide two types of Brokerage Accounts:
Managed Accounts
Traditional Accounts
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Managed Accounts
LPL's Strategic Asset Management (SAM), Strategic Asset
Management II (SAM II) and Managers Select are all fee-based
accounts.
Why utilize a Fee-based relationship?
These account types allow us to utilize a fee-based
asset management philosophy. We have been working with
many of our clients on a fee-basis for some time and have found
these relationships to be rewarding, both personally and
professionally.
Here are just some of the benefits of fee-based asset
management:
- Professional, ongoing portfolio management & monitoring
- Access to over 3,500 mutual funds, including no-load funds*
- Consolidation of all your household assets into one account
- Independent, unbiased, comprehensive research
- Quarterly performance reporting
At Strategic Financial, we remain committed to helping you achieve your
financial goals. The following analogies can better help you understand the
idea behind fee-based asset management.
"If you were going to hire someone to work for you would you, (a) pay the
person $200K up front and hope they do a good job or (b) pay them $50K annually
and build in incentives based on how well they perform?"
"You are planning to climb Mt. Everest and you can hire two "sherpa guides"
to help you get to the top. The first guide says, "You pay me now and I'll
give you a map and a cell phone. Use the map and call if you need my guidance."
The second guide says, "I will not sell you a map. I will accompany you up the
mountain every step of the way. You'll pay me as we go. The higher we go, the
more I get paid."
Use the links below to learn more about our fee-based account types:
* Certain mutual funds available in SAM and SAM II pay 12b-1 fees.
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Traditional Accounts
We also offer traditional brokerage accounts. Our brokerage accounts allow you to purchase stocks, bonds,
mutual funds, and other investments on a transaction based fee arrangement.
The fee typically is made up of three amounts. The first amount
is the "ticket charge" or cost to make the actual transaction.
These costs can vary by the investment product being purchased. The second amount is the "commission."
This is typically tied into to equity transactions as a percentage of share price and volume.
The third amount is the "load;" this is typically tied into Mutual funds and can be assessed in several manners.
All of these charges are disclosed during our assessment and consultation phase to your financial planning.
We are a traditional brokerage and we do provide a wider range of services. We serve as professional wealth managers and can
offer advice as to what investments might be right for you, taking into consideration these various ticket charges.
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SAM, SAMII and Manager Select available through Linsco/Private Ledger.
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Advisory Services, Asset Management and Securities Offered Through LPL Financial, member FINRA/SIPC
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