Networking Fees. When LPL is the broker-dealer for the Plan on the books and records of a mutual fund or variable annuity, the fund or annuity or an affiliate of the fund or annuity may pay LPL fees for networking and integrating systems between LPL and the product sponsor. LPL receives compensation that is based on the number of LPL customer positions held with the fund or annuity (up to $12 per position per year) or based on the amount of customer assets in the fund or annuity (up to 0.15% on an annual basis). LPL does not share this compensation with your Representative.
Appears in 2 contracts
Sources: Brokerage Account Agreement, Brokerage Account Agreement