Banking Solutions

To help financial advisors address their clients’ short- and longer-term banking needs, LPL Financial offers a variety of cash management, cash sweeps, and credit card solutions. 

STRENGTHEN YOUR RELATIONSHIP WITH CLIENTS

LPL’s Cash Management Accounts

Bring banking and investing together with the convenience of LPL’s cash management accounts.

Advisor benefits:

  • Offer an interim solution for idle cash in between investment choices
  • Enhance client relationships by having a holistic look at their finances
  • Encourage clients to keep more of their assets in their LPL accounts

Client benefits:

  • No ATM fees worldwide
  • No account minimums
  • Competitive interest rates
  • Unlimited check writing
seated female professional meeting with couple in office setting

Important Details Regarding Cash Management Accounts

Your clients will appreciate that their cash is working for them. When they open a cash management account at LPL, they can expect: 

Insured

FDIC insured up to $2.5 million for individual accounts, $5 million for joint accounts

Competitive

Earn daily interest with competitive rates

Available

Immediate availability – cash is swept back into the LPL account when needed

Convenient

Send and receive money plus make payments more conveniently with a digital wallet

 

 

LPL’s Credit Card Solutions

Add value to your clients’ spending with one of LPL’s credit card solutions. Clients can choose the credit card that fits their lifestyle. They can earn cash back automatically or earn points on everyday purchases to redeem on gift cards, statement credit, merchandise, entertainment, etc. Plus they’ll receive fraud protection and additional benefits. 

GAIN FREEDOM

LPL’s Insured Cash Sweep

LPL Financial offers two cash sweep programs, insured cash accounts and deposit cash accounts. Recommend these to clients, especially those who are high-net-worth investors, for competitive interest on uninvested cash.  

young professional male standing with couple looking at cell phone older male in meeting writing notes while talking on cell phone

Important Details Regarding Cash Sweeps

 

At LPL, cash is swept automatically into underlying program banks in which the funds are FDIC-insured up to $2.5M for individual and $5M for joint account holders. When you offer your clients an insured cash sweep, you can:

  • Provide piece of mind – clients know their cash is FDIC-insured
  • Put clients’ cash to work with competitive interest rates and no transaction charges
  • Opt out of a participating bank, if for example, your client independently maintains cash there
woman smiling

Take the Next Step

If you’re an advisor, a leader at a financial institution, or an investor looking for more information, we’re happy to talk through what’s on your mind. Reach out and start the conversation.

Advisors, Start Here.

Disclosures

This material has been created and designed for licensed financial professionals only and may not include the level of detail, explanation and disclosure needed for a general audience to accurately evaluate the facts.