Broker Check

LPL Research

Below is a list of helpful documents to offer you additional financial perspective.

Putting your Interests First: The Importance of Selecting an Independent Financial Advisor

Independence – We are aligned with LPL Financial, the largest independent broker/dealer in the nation, as reported in Financial Planning magazine June 1996-2017 based on total revenues. LPL Financial does not engage in investment banking and offers no proprietary products. Their sole business is providing support and service to independent advisors like our company. As a result, we are able to keep our clients’ goals and interests in the forefront, without concern for top-down sales goals or product mandates. It’s a “best of both worlds” approach that lets us offer the extensive capabilities of an established national firm, and the Main Street service of an advisor who really listens.

Client account protection - LPL Financial is a member firm of the Securities Investor Protection Corporation (SIPC). Membership provides account protection up to a maximum of $500,000 per client, of which $100,000 may be in cash. An explanatory brochure is available at www.sipc.org. Additionally, through Lloyd’s of London, LPL Financial accounts have additional securities coverage to cover the net equity of client accounts up to an overall aggregate firm limit of $750,000,000, subject to conditions and limitations. Through the LPL Financial multi-bank Insured Cash Account Program, deposits are eligible for up to $1.5 million of deposit insurance for individual accounts and for up to $3 million of deposit insurance for joint accounts through the FDIC. 

Counter-party risk assessment - LPL Financial utilizes an enterprise risk management group to routinely examine the health of business partners with which we have relationships in order to assess risk. This process includes extensive research, due diligence, financial analysis, and forward-looking measures of financial strength and sustainability. This team monitors all outstanding debits and credits and the firms that clear those trades to ensure that they do not pose any undue risk to LPL Financial or its clients.

No Investment Banking - LPL Financial does not engage in the business practices of banks or investment banks. It does not provide loans to hedge funds or other speculators. It does not hold any securities on its books that are open to market risk.