Is LPL Financial fraud?

• Account Maintenance Fees: Some customers report being charged regular account maintenance fees for their investment accounts.
• Transaction Fees: Charges may arise from buying or selling securities, which can include broker commissions or transaction fees.
• Subscription Services: Users mention unexpected fees related to premium research services or financial advice subscriptions that they signed up for.
• Advisory Fees: Clients using financial advisors often cite advisory fees as a reason for charges, typically a percentage of assets under management.
• Wire Transfer Fees: Charges for initiating wire transfers, both domestic and international, have been reported by users moving money in or out of their accounts.
• Overdraft Fees: Some accounts may incur overdraft fees if transactions exceed the available balance.
• Paper Statement Fees: Certain users have found charges for opting to receive physical paper statements instead of electronic ones.
• Account Closure Fees: Closing accounts prematurely may result in closure fees, as noted by some on various forums.

If you see this charge and aren’t expecting it, you have various options.

First, try to contact the lplfinancial.com via one of the support methods we listed below and inquire about the charge. See if they will refund it and cancel any associated subscriptions you might have.

If the lplfinancial.com refused to issue a refund or you cannot get in touch with the company, call your bank or financial institution and open a credit card dispute. Record screenshot evidence from your prior conversations with lplfinancial.com, and use that to open your credit card dispute. Tell your bank or credit card issuer that you do not recognize the charge and do not recall signing up for the service.

If this sounds like too much of a hassle, you can have Chargeback do it for you.

Chargeback is an independent consumer resource that provides educational information to help users understand how to cancel, manage, or request refunds for various subscriptions. We are not affiliated with, endorsed by, or sponsored by any of the companies mentioned on this site. All trademarks, logos, and brand names are the property of their respective owners.

The information we provide is based on publicly available sources and user reports and may contain inaccuracies or become outdated over time. Our guides are intended for general informational purposes only and should not be relied upon as official company instructions or legal advice.

Consumers are solely responsible for reviewing their own contracts, terms of service, and refund or cancellation obligations before taking any action. Nothing on this site should be interpreted as legal, financial, or contractual guidance.

Chargeback does not encourage or condone disputing valid charges, misrepresenting transactions, or taking any action that could violate a company’s terms, service agreement, or applicable laws. We promote fair, transparent, and lawful communication between consumers and businesses.