LSMPT Financial Advisors, LLC

LSMPT Financial Advisors, LLC serves as a solicitor that introduces prospective clients to independent investment advisers rather than providing investment management, custody, or financial planning services itself. The firm does not maintain assets under management and does not act as an ongoing investment adviser to the referred parties.

LSMPT does not perform market analysis or implement investment strategies; when it makes an introduction it provides a separate solicitor disclosure and does not supervise or review the referred assets after they are placed with the recommended adviser. The firm also does not provide non-investment implementation services and may recommend outside professionals for tax or accounting work, which are performed by an affiliated certified public accounting firm in that firm’s separate professional capacity.

Distinctive aspects of LSMPT include its affiliation with a CPA firm and its ownership by an affiliated wealth management entity, and it may refer clients to those affiliates as well as to unaffiliated advisers. Unlike many peers in the investment-manager category, LSMPT does not charge clients a percentage-of-assets advisory fee or manage client assets directly; instead it is compensated through referral arrangements, a structure the brochure identifies as a potential conflict of interest because referral payments can vary and some representatives have interests in the affiliated wealth management firm.