It All Started When…
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 ACCOUNT PROTECTION PLEDGE
Our Securities Investor Protection Corporation (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).
Through our multi-bank sweep solutions, clients will receive the benefit of FDIC insurance:
Accounts eligible for the Insured Cash Account (ICA) will receive up to $1.5 million in coverage for single account holders and $3 million for joint accounts.
Accounts eligible for the Deposit Cash Account (DCA) will receive up to $1.5 million in coverage for single account holders.
ICA and DCA deposits are FDIC-insured to a maximum amount of $250,000 (including principal and accrued interest) per bank per legal capacity, 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 accounts 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.
* The account protection applies when an SIPC member firm fails financially and is unable to meet obligations to securities clients, but it does not protect against losses from the rise and fall in the market value of investments.