Oversight and Governance
Protecting the best interests of investors and advisors is of utmost importance to us. As the increasingly complex financial industry and regulatory environment evolve, we remain devoted to serving our clients ethically and exceedingly well, which is why we’ve made a longterm commitment to enhancing our risk management and compliance structure. Since 2012, we’ve made increasing investments in our core infrastructure—including people, process, information security, and technology—to sustain a leading control environment focused on risk that matters.
Direct Access and Simplified Statements
Our systems give you direct access to real-time account data, so you can track your investments. Additionally, we provide consolidated statements and end-of-year summary statements. All your important information—purchases, sales, cost basis, income, dividend distribution—is contained in one report.
Research and Insights
Your advisor has access to objective market analysis from our research team—one of the largest and most tenured research groups among independent brokerage firms. Our analysts’ knowledge of the market and economy allow us to provide insights and recommendations to advisors across a range of investment products. Because we have no vested interest in particular products, our analyses and recommendations are always objective.
Formed in 1989 through the merger of Linsco and Private Ledger (founded in 1968 and 1973, respectively), LPL was built on the belief that objective financial guidance benefits everyone—and advisors are best able to serve clients when they have access to innovative tools and solutions that work for them. Remaining strong in this conviction, we formed a political action committee to lobby Washington on behalf of advisors and their clients, helping keep the right to objective advice a constant in our industry.
As we continue to grow, we regularly update our service offerings, including new platforms and opinions to ensure advisors, banks, and credit unions have the right tools to meet your needs. Our continued investments in technology and creating efficiencies have helped us become a leader in the industry, and a trusted partner for your advisor. Today, we provide comprehensive support and a broad range of innovative business solutions to a network of more than 14,000 financial advisors. We’ve built a reputation for customized service and personal attention, and our research and conferences, which provide your advisor with educational and training opportunities, are renowned throughout the financial industry. As we grow and evolve, we remain committed to the philosophy of objective guidance that has propelled our success and will continue to shape our future.
Our SIPC membership provides account protection up to a maximum of $500,000 per customer, of which $250,000 may be claims for cash.* London Insurers provides securities protection to cover the net equity of customer accounts up to an overall aggregate firm limit of $575 million (protection is subject to terms and conditions). With the multi-bank Insured Cash Account Program, deposits are eligible for up to $1.5 million of deposit insurance for individual and trust accounts and up to $3 million of deposit insurance for joint accounts, both through the FDIC. Insured Cash Account deposits are FDIC-insured to a maximum amount of $250,000 (including principal and accrued interest), and is aggregated with all other deposits held by you in the same recognized legal capacity at the same bank. Other investment holdings are subject to loss. Regardless of investment type or size, we ensure your funds are well protected. If you’d like more information on what our SIPC membership entails, please visit www.sipc.org for a brochure. For FDIC insurance coverage information, log on to www.fdic.gov.