Margin Interest Rate Disclosure

LPL Base Lending Rate is 8.5% as of July 27, 2023 and is subject to change without notice.

Beginning on August 30, 2023, LPL simplified its margin pricing approach and charges interest based on a tiered schedule of discounts and premiums based on account or group margin balance only. Existing margin account holders were notified of this change in the June/Q2 2023 statement.

Interest Rate Disclosure:

Interest charged on credit extended in margin accounts will be charged interest at an annual rate (“Schedule Rate”) based on the following factors: (1) the LPL Base Lending Rate; and (2) a tiered schedule of premiums or discounts based on your account or group margin balance.  The Schedule Rate will change, without notice, based on changes in the LPL Base Lending Rate and account or group margin balance.  Your Schedule Rate will reflect changes in margin balance one to two business days after any changes in your account or group margin balance.  The LPL Base Lending Rate will be set with reference to commercially recognized interest rates, industry conditions relating to the extension of credit, and general market conditions.