Does LPL have a trading platform?
Place single order trades and equity buys quickly and easily. For fee-based accounts, you can do block or batch trading across one or all of your discretionary accounts.
Is LPL a broker-dealer?
LPL Financial is a registered investment advisor and a broker/dealer, which means that an LPL financial professional can offer you both investment advisory and brokerage services.
What is LPL Financial platform?
LPL offers a diverse spectrum of competitive investment management platforms to give you the flexibility to create portfolios tailored to the unique needs of your clients.
Is LPL fiduciary?
As an investment advisor, LPL has a fiduciary responsibility to its advisory clients and, as such, is obligated to act in the best interests of clients and make full and fair disclosure of all material conflicts of interest.
Do LPL clients pay more for mutual funds?
LPL Financial is warning advisory clients that they could be paying higher expenses on their mutual funds, even if there’s no transaction charge. This and other disclosures follow similar ones by wealth managers in response to the SEC’s Regulation Best Interest, which bulked up regulatory requirements.
Is LPL a broker-dealer or RIA?
Now, through its fee-only RIA support model, LPL will serve independent broker-dealers and fiduciary advisors alike. The flexibility and opportunity the model provides, along with LPL’s position as a self-clearing firm, have been key in cementing LPL Financial as the third largest RIA custodian in the market.
What is the LPL business model?
LPL Financial’s new independent employee advisor affiliation model is shaking up the financial services industry with new opportunities for advisors. The model is LPL’s latest strategic innovation providing advisors with structured support and compensation.
What custodian does LPL use?
AdvisorHub’s Meet the Custodian with LPL.
Is LPL a broker dealer?
Why you shouldn’t have a financial advisor?
This means that even if they end up losing the money that you entrust them with, you’re still going to get a bill for their services. Not only does this system add extra, unnecessary risk and expenses to your investment strategy, it also leaves little incentive for a financial advisor to perform well.