LAMP Description

LaSalle St. Securities Asset Management Program (LAMP) 

General Program Description

The LAMP Program Account is a non-discretionary managed account.  The client must authorize and approve all transactions in the LAMP Program Account.  The Investment Advisory Agreement and Application is made between LaSalle St. Investment Advisors, LLC ("LSIA"), an investment advisor registered as such under all applicable laws including the Investment Advisory Act of 1940, and the client.

The monthly fees payable under the Investment Advisory Agreement represent an alternative to transaction (commission) based brokerage services.  The customer will compensate LSIA monthly for the services provided by the agreement.  The fee will be charged to the account and automatically debited to the customer's account on a monthly basis.  The charge will be reflected on the customer statement in accordance with the schedules shown in the agreement. All securities transactions authorized by the agreement shall be transacted exclusively through LSIA's affiliated broker-dealer, LaSalle St. Securities, LLC.

Fee Summary 

Fees for the program are calculated based upon client assets under management.  They will be deducted from the account on a monthly basis, in advance, on the account's average daily balance according to the schedule below:

Account Assets                                   LAMP Program Annual Fee

Up to $250,000                                                    2.50%

$250,001 to $500,000                                          2.25%

$500,001 to $1 million                                          2.00%

$1,000,001 to $2 million                                       1.80%

$2,000,001 to $5 million                                       1.60%

$5,000,001 to $10 million                                     1.40%

Over $10 million                                                Negotiated

Ticket charges for securities transactions:  $15 per trade and $1.00 per option contract.   This charge includes execution charges, exchange fees, and postage & handling.  This charge is over and above any charges assessed as advisory fees.  The above referenced fees shall be compensation of all services provided but will not cover certain charges, including transfer taxes, margin interest, IRA fees, check writing service fees, and those fees mandated by law with respect to execution of transactions, such as SEC fees.

Customer Discounts

Advisory fees are negotiated from time to time based on the size of the account, related business, and the length of the relationship.  Therefore, fees may vary from customer to customer depending on a variety of factors.  Among the factors for consideration are:  the type of investor (for example, self-directed, requiring infrequent contact with the representative, to fully dependent, requiring frequent representative contact); the complexity of the portfolio; the complexity of the customer's financial needs; account activity level; and, the risk profile of the portfolio.

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Fee Billing Summary

Fees are billed on a monthly basis in advance.  Fees are charged to the account on the 15th business day of the month and are based on the account balance at the end of the previous month.  The initial fee will include the first partial month and the first full month and is based on the account balance at the end of the previous month.

Please note, this is a summary of the LaSalle St.  Securities Asset Management Program (LAMP).  For more information, please contact Michael Graham at (703) 931-2883 or at mgraham@lasalle-st.com   We look forward to assisting you with your investment planning.