LPL Financial vs Vanguard for a $5M+ Portfolio
The LPL Financial vs Vanguard comparison looks straightforward until you run the numbers. On a $5 million taxable portfolio, the fee gap between a typical LPL advisor-managed account (1.0% AUM) and Vanguard Personal Advisor Services (0.20% on assets above $5M) runs approximately $40,000 per year. Co