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Lincoln Financial Review

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Lincoln Financial Securities Corporation

Lincoln Financial Securities Corporation (LFS) functions as both a registered investment advisor (RIA) and a registered broker-dealer.

The fee-based firm has more than $3.3 billion in assets under management, and it currently serves more than 15,300 clients. Individual clients make up around 15,000 of the financial advisor's clients.

The firm charges asset-based fees, hourly fees, fixed fees and commissions. 

Lincoln Financial Background

LFS traces its origins back to 1969 when it became incorporated. The firm became a RIA with the U.S. Securities and Exchange Commission (SEC) in 1985. Lincoln National Corporation wholly owns LFS.

This firm also offers sponsored advisory services through SEI Investments Management Corporation and AssetMark, Inc. Morningstar Investment Services, LLC, Brinker Capital, Hanlon Investment Management, Symmetry Partners LLC, CLS Investments LLC, City National Rochdale, LLC, Flexible Plan Investments Ltd. and Pacific Financial Group Inc.

Lincoln Financial Client Types and Minimum Account Sizes

Lincoln Financial serves individuals, high-net-worth individuals, pension and profit sharing plans, charitable organizations, corporations and other businesses and state and municipal government entities. 

The firm’s account minimums typically vary based on account type. They range from $25,000 to $100,000. 

Services Offered by Lincoln Financial

Lincoln Financial offers the following advisory services:

  • Portfolio management
  • Financial planning
  • Pension consulting
  • Selection of other advisors (including private fund managers)
  • Retirement plan consulting services
  • Custom Wealth Advantage Choice Wealth Management Program
  • Custom Wealth Advantage Program (which includes the Custom Wealth Advantage Separately Managed Accounts Program, the Custom Wealth Advantage Mutual Fund Program, and the Custom Wealth Advantage Strategist Program)

Lincoln Financial Investment Philosophy 

Lincoln Financial’s professionals help clients evaluate different securities in various asset classes, according to the firm’s website. The firm also believes a successful portfolio contains the right combination of investment vehicles, and advisors analyze each security on its risk, style and performance.

Lincoln utilizes several products, including exchange-traded equity securities, bonds, mutual funds, 529 plans, annuities and alternative investments

Lincoln Financial Fees

For programs that rely on portfolio managers, Lincoln requires clients to pay a portion of the total fee up to 3.00% of assets. Fees for retirement plan advisory services are negotiable.

What to Watch Out For

LFS has multiple disclosures listed on its Form ADV.  One of the violations resulted in a fine of $525,000. 

Some advisors also offer investment and insurance products which charge fees that are in addition to the fees for regularly advisory services. This can create a conflict of interest if advisors push products charging a sales commission but which are not in the best interest of the client. 

Opening an Account with Lincoln Financial 

You can set up an account with Lincoln Financial by visiting the firm’s office, or by calling an advisor at (800) 237-3813.

Investing Tips for Beginners

  • Our investment calculator can show you how much an investment may earn you over time. You’ll just need to enter your initial investment amount, expected rate and dollar amount of contributions, expected number of years and your expected rate of return.
  • Finding a financial advisor doesn’t have to be hard. SmartAsset’s free financial advisor matching tool connects you with up to three local advisors.

All information is accurate as of the writing of this article.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research