Securities and Advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC.
Please consult the Disclosures page (https://www.lpl.com/disclosures.html) on LPL's website for current information and disclosures that are not provided below. LPL posts changes to the disclosures on this website from time to time. LPL may not notify you when these changes are made, so you should consult the website to learn about any changes that have been made. If you are unable to access the website or require paper copies of any documents referenced on the website, please contact a financial professional.
LPL Financial LLC (hereinafter referred to as "LPL") is a registered investment adviser, a member of FINRA and a member of SIPC. The following disclosures pertain to the data that is provided through a website tool called Account View ("Account View").
The data displayed on Account View is for informational purposes only. The data is not an official LPL statement and does not replace the statements you should receive directly from LPL or an investment sponsor. Values displayed on Account View should only be used as a general guide because values may be estimates, and may not reflect actual liquidation values for the underlying assets.
You should consult your tax and/or legal professional before implementing any transactions and/or strategies concerning your finances. Never rely on Account View for tax reporting, accounting, or valuation purposes. You can and should confirm the accuracy and completeness of the information (e.g. market values, transactions, deposits & withdrawals) by using the account statements you receive directly from LPL, investment sponsor, or other custodian instead of relying on Account View. If you are not receiving statements from your custodian, please contact your custodian directly or call LPL at 800-558-7567.
Account View may display securities or financial products that were not purchased through LPL or that LPL does not hold on your behalf and which are not included on LPL's books and records ("Outside Investments"). Outside Investments may include mutual funds, fixed annuities, variable annuities, or alternative investments held directly with the Outside Investments sponsor. If Outside Investments data is displayed on Account View, it has been provided to LPL by a third party source and has not been verified by LPL. LPL strives to obtain data that it considers reliable, but it is possible that Outside Investments data may be subject to the following limitations when displayed in Account View:
Please be aware that Outside Investments are not covered by LPL's SIPC Insurance because LPL's SIPC membership provides account protection only to assets held at LPL. Assets held by in an Outside Investments account may or may not be covered by SIPC or FDIC insurance. Questions about coverage should be directed to the Outside Investments sponsor
When Account View displays values such as gains and losses, certain calculations are based on transactional information such as "date acquired" and "purchase cost." Typically, the "purchase cost" is the actual purchase price including transaction charges and corporate actions for assets purchased in the LPL account. If the assets were purchased outside the LPL account and LPL has received incomplete transactional information, then Account View will display "N/A" as the "purchase cost" and treat the purchase cost as zero when calculating these values.
The "cost basis" associated with a transaction typically refers to the actual purchase price including transaction charges. For assets that were not purchased in the LPL account, LPL cannot guarantee that it received accurate or complete information regarding the purchase price or its transaction charges. When Account View displays "cost basis," your transactions are paired with your holdings on a "First-In/First-Out" basis, unless the transactions are manually adjusted. For this reason, the cost basis that is displayed in Account View may or may not match the cost basis provided in the trade confirmation or statement that you receive from LPL or your Outside Investments sponsor. If cost basis is not available, then Account View will display "N/A" as the cost basis. Cost basis should not be used for analyzing performance of a holding or an account. It is intended to provide information to assist with gain and loss planning. The use of cost basis information for calculating performance may provide different results for rate of return than those shown in Account View. If you have any questions regarding cost basis, please contact either your Financial Professional or a tax specialist.
Your Financial Professional determines whether a rate of return is displayed by default in Account View. When Account View displays a rate of return or other performance values ("ROR"), those values are expressed as a percentage, reflect the reinvestment of dividends and capital gains (to the extent reinvested), and reflect the deduction of any advisory fees and transaction charges. Unless otherwise stated, performance returns are cumulative. ROR is calculated using the internal rate of return method, which is also known as the money-weighted rate of return method. This method accounts for contributions into and withdrawals out of the account.
Please be aware that reports produced outside of Account View, including MF fact sheets, may display ROR values that differ from the ROR values displayed in Account View. This can occur when reports outside of Account View use other methods to calculate performance, including the time-weighted method. This can also occur when reports outside of Account View for a certain time period include mutual fund dividends that are earned prior to the end of that period but were not posted to the account until after that period.
Prior to June 2000, performance for LPL accounts is not available at the account, position, asset class, or security level, which may affect ROR calculations. If ROR cannot be calculated, Account View will display "--".
When Account View displays information about insured cash accounts, the account balances and accrued interest are reflective of the date range you have selected, and any account activity that occurred outside of the selected date range is not reflected in the values displayed.
Accounts that participate in the insured cash accounts program are protected by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per depositor per depository institution, in accordance with FDIC rules, only when on deposit at the participating banks. Such deposits are not transferable, and such deposits are not guaranteed by LPL because LPL is not a bank. See Bank Sweep Deposit Programs for more information.
Money market fund investments are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although money market funds may seek to preserve a value of $1.00 per share, it is possible to lose money in money market funds.
When Account View displays "price returns" for mutual funds, it is based on the mutual fund's net asset value (NAV) and is updated daily. Mutual fund returns are average annual total returns, include the impact of NAV changes, assume full reinvestment of dividends and capital gains and are updated daily.
Direct Participation Programs and Alternative Investments Direct participation program securities (e.g. partnerships, limited liability companies, fund of hedge funds, managed futures, and real estate investment trusts that are not listed on a national exchange or NASDAQ) are generally illiquid and you may not be able to liquidate. Securities prices may vary from actual liquidation value and should not be relied upon. The values for these securities generally are provided by the management of the program and represent the management's estimate of the investor's interest in the net assets of the program. Therefore, the estimated values shown may not be realized upon the sale of the securities on the secondary market or upon liquidation.
In certain instances, data displayed in Account View is available for download by the user ("Downloaded Content"). Please be aware that all of the disclosures herein continue to apply to Downloaded Content to the same extent as if it were displayed in Account View.
Market data is provided by Thomson Reuters. Quotes are delayed at least 20 minutes. Options Price Reporting Authority (OPRA) data is delayed 15 minutes.
When Account View displays market values, those values are derived from the last closing price available. In the event that current market values, positions or activity are not available, values displayed on Account View may not be accurate or up-to-date. In some cases, values shown may be as of a date prior, and if a price is missing for a certain date, Account View may use a substitute price from within the 30 days prior to the missing price date.
The values displayed in Account View are subject to change at any time, and may lose value including a portion or all of your investment. Performance data displayed in Account View is historical and past performance is no guarantee of future performance. Current performance may be lower or higher than the performance displayed in Account View.
If you have any additional questions, please contact your Financial Professional or call LPL at 800-558-7567. If you would like further information or disclosures, please visit the LPL website at www.lpl.com or the SEC's website at www.sec.gov
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