diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6edd0432b..a15f5a399 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -20,11 +20,11 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 - sdk: add ability to do placeAndTake order with bracket orders attached
 - sdk: add option to cancel existing orders in market for place and take order
 - sdk: add option to get signed settlePnl tx back from a market order
-
 - program: auto derisk lp positions in settle pnl ([#766](https://github.com/drift-labs/protocol-v2/pull/766))
 - program: increase full perp liquidation threshold ([#807](https://github.com/drift-labs/protocol-v2/pull/807))
 - program: remove spot fee pool transfer ([#800](https://github.com/drift-labs/protocol-v2/pull/800))
 - program: increase insurance tier max ([#784](https://github.com/drift-labs/protocol-v2/pull/784))
+- sdk: can specify max custom margin ratio to initialize a new account with
 
 ### Fixes
 
diff --git a/sdk/src/driftClient.ts b/sdk/src/driftClient.ts
index e9b8fc026..5502dd7b6 100644
--- a/sdk/src/driftClient.ts
+++ b/sdk/src/driftClient.ts
@@ -904,7 +904,8 @@ export class DriftClient {
 	}
 
 	public async updateUserCustomMarginRatio(
-		updates: { marginRatio: number; subAccountId: number }[]
+		updates: { marginRatio: number; subAccountId: number }[],
+		txParams?: TxParams
 	): Promise<TransactionSignature> {
 		const ixs = await Promise.all(
 			updates.map(async ({ marginRatio, subAccountId }) => {
@@ -916,7 +917,7 @@ export class DriftClient {
 			})
 		);
 
-		const tx = await this.buildTransaction(ixs, this.txParams);
+		const tx = await this.buildTransaction(ixs, txParams ?? this.txParams);
 
 		const { txSig } = await this.sendTransaction(tx, [], this.opts);
 		return txSig;
@@ -1877,7 +1878,8 @@ export class DriftClient {
 		fromSubAccountId?: number,
 		referrerInfo?: ReferrerInfo,
 		donateAmount?: BN,
-		txParams?: TxParams
+		txParams?: TxParams,
+		customMaxMarginRatio?: number
 	): Promise<[TransactionSignature, PublicKey]> {
 		const ixs = [];
 
@@ -1971,6 +1973,15 @@ export class DriftClient {
 			ixs.push(donateIx);
 		}
 
+		// Set the max margin ratio to initialize account with if passed
+		if (customMaxMarginRatio) {
+			const customMarginRatioIx = await this.getUpdateUserCustomMarginRatioIx(
+				customMaxMarginRatio,
+				subAccountId
+			);
+			ixs.push(customMarginRatioIx);
+		}
+
 		// Close the wrapped sol account at the end of the transaction
 		if (createWSOLTokenAccount) {
 			ixs.push(
diff --git a/sdk/src/user.ts b/sdk/src/user.ts
index 5b4a9a7c6..4516ad489 100644
--- a/sdk/src/user.ts
+++ b/sdk/src/user.ts
@@ -388,12 +388,16 @@ export class User {
 
 	/**
 	 * calculates the open bids and asks for an lp
+	 * optionally pass in lpShares to see what bid/asks a user *would* take on
 	 * @returns : lp open bids
 	 * @returns : lp open asks
 	 */
-	public getLPBidAsks(marketIndex: number): [BN, BN] {
+	public getLPBidAsks(marketIndex: number, lpShares?: BN): [BN, BN] {
 		const position = this.getPerpPosition(marketIndex);
-		if (position === undefined || position.lpShares.eq(ZERO)) {
+
+		const lpSharesToCalc = lpShares ?? position?.lpShares;
+
+		if (!lpSharesToCalc || lpSharesToCalc.eq(ZERO)) {
 			return [ZERO, ZERO];
 		}
 
@@ -405,12 +409,8 @@ export class User {
 			market.amm.orderStepSize
 		);
 
-		const lpOpenBids = marketOpenBids
-			.mul(position.lpShares)
-			.div(market.amm.sqrtK);
-		const lpOpenAsks = marketOpenAsks
-			.mul(position.lpShares)
-			.div(market.amm.sqrtK);
+		const lpOpenBids = marketOpenBids.mul(lpSharesToCalc).div(market.amm.sqrtK);
+		const lpOpenAsks = marketOpenAsks.mul(lpSharesToCalc).div(market.amm.sqrtK);
 
 		return [lpOpenBids, lpOpenAsks];
 	}