Margin Interest Rate Disclosure

Please Note: 

Interest charged on any debit balances in cash accounts or 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 a combination of (A) account or group assets under management, and (B) account or group margin balance. The Schedule Rate will reflect changes in margin balance and/or assets under management one to two business days after any changes in the account group, assets under management, and/or 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. The Schedule Rate will change without notice based on changes in the LPL Base Lending Rate and/or the assets under management and/or margin balance.

LPL Base Lending Rate (*BLR): 11.00% as of November 4, 2022 and is subject to change without notice. 

 


Total Household Assets Under Management (AUM)


Account/Group Margin Balance

$0 < $250K

$250 < $500K

$500K < $1M

$1M < $5M

$5M<$10M

$10M<$15M

$15M<$20M

$20M+

$0 < $25K

11.25%

11.00%

10.25%

10.00%

9.50%

5.75%

5.50%

5.25%

$25K < $50K

11.00%

10.75%

10.25%

9.75%

9.00%

$50K < $100K

11.00%

10.75%

10.00%

9.50%

9.00%

$100K < $250K

10.75%

10.25%

9.75%

9.00%

8.50%

$250K < $500K

10.25%

10.25%

9.50%

9.00%

7.75%

$500K < $1M

9.00%

9.00%

9.00%

8.50%

7.75%

>$1M

7.75%

7.75%

7.75%

7.75%

7.25%