LPL Financial enables advisors to open 99.5% of common account types online and immediately start performing trades.
Save time and money with self-clearing services
As a self-clearing broker/dealer, your trades are completed quickly and effectively. In fact, because LPL is self-clearing, you can open 99.5% of common account types online, including most advisory accounts, and immediately start performing trades.
All trades and operations are processed in a single location, eliminating third-parties and reducing costs by using a single sophisticated platform. Without the need for a third party to conduct trades, you’ll also save precious time to spend on other business-building activities.
Broker/dealers, advisors, and institutions trading through LPL's platform have access to an array of powerful product, technology, and support solutions to address client needs and support business growth.
With the scope, scale, technology, and extensive resources offered by LPL, you’re in a competitive position to support your clients’ evolving needs, and build, more lasting relationships.
Exclusive benefits. Increased potential.
Straight-through processing means you can be confident your trades will receive the priority handling they deserve. When you choose to trade through LPL’s self-clearing platform, you access resources like these, all designed to support your business and benefit your bottom line:
- Free cost basis for all accounts
- Consolidated account statements, showing brokerage positions, mutual funds, and the position of selected annuities held at the carrier
- Streamlined compliance procedures
- Automated trade credit for electronically placed trades
- Detailed administrative reports that keep track of trading activity and policy implementation
Cash and banking services
Through LPL, offer investors convenient access to cash, working capital management, banking services, and credit card solutions.
Advisor platform tools
Streamline portfolio management, create dynamic client presentations, and do more with advisor platform tools.