LPL Financial is the largest independent broker/dealer in the country*. For more than four decades, LPL has serves as an enabling partner, supporting financial advisors in their goals of growing and protecting clients wealth. A primary objective of LPL Financial is to reduce the complexity of running a financial services practice so advisors can focus on what they do best – helping clients achieve their dreams and goals through the financial planning process. For more information about LPL Financial, please visit their website at www.LPL.com. (*as reported in Financial Planning magazine 1996 – 2020, based on total revenues)
SIPC Account Protection
The LPL Financial SIPC membership provides account protection up to a maximum of $500,000 per customer, of which $250,000 may be claims for cash. Also carry Lloyds of London for an additional $750M of coverage. This protection does not protect against losses from the rise and fall in the market value of investments
FDIC-Insured Cash Accounts
Through the LPL Financial multi-bank Insured Cash Account Program, deposits are eligible for up to $1.5 million of deposit insurance for joint accounts through the FDIC ($250,000 that is held at each bank).