Many forms are PDF files and will require Adobe Acrobat to download. (click here to download Adobe for free).
Required Forms and Step by Step Instructions to Open a Retirement or Non - Retirement Brokerage Account
Step 1: Select Your Account Type
Please select Non-Retirement or Retirement Account Type as indicated below. Retirement Account registration type options include Traditional, Roth and SEP IRAs. Please print and complete required forms and print the corresponding Account Packet for your records.
|Account Type||Forms Required to be completed and submitted to LPL Financial||Documents and Agreements for you to review and keep for your records|
|Non-Retirement||Trade Direct Account Application - Non Retirement Form||Account Packet - LPL Trade Direct|
|Retirement||Trade Direct Account Application - Retirement Form||Account Packet - LPL Trade Direct|
|Traditional, Rollover or Beneficiary IRA; SEP IRA
||Custodial Agreement PTC - IRA
|Roth or Beneficiary Roth IRA||Custodial Agreement PTC - Roth IRA|
Step 2: Complete Additional Forms if Required for Account Registration Selected
In addition to the forms indicated in Step 1, some registration types require additional forms or information. See below for additional required forms and instructions based on Account Registration.
|Registration Type||Forms and/or information required to be completed and submitted to LPL Financial||Documents and Agreements for you to review and keep for your records|
Certification of Trust Form
|Estate||Estate Papers (Letters of Testamentary)|
|Guardianship or Conservatorship||Court/Legal Documentation|
Step 3: Select Additional Optional Account Features
You may choose to add specific features to your account. See below for additional features and the additional forms or information required.
|Account Features||Forms and/or information required to be completed and submitted to LPL||Documents and Agreements for you to review and keep for your records|
|Trading on Margin
||Select and initial the Margin Section of the Trade Direct Account Account Application. (Available on Non-Retirement Accounts only)||Margin Disclosure Statement|
|Options||Characteristics and Risks of Standardized Options|
|Individual Transfer on Death (TOD)||Transfer on Death Account Form - Individual|
|Joint Transfer on Death (TOD)||Transfer on Death Account Form - Joint Tenant|
|ACH Instructions (move funds between LPL Financial and your institution - Non Retirement accounts only)||ACH-Non Retirement|
Step 4: Fund Your Account
Fund your account by check, transfer or wire as noted below
|Funding Instructions by Registration Type||Ways to Fund your account||Required Forms|
|Non Retirement Account||Check Payable to: LPL Financial||For New Accounts without an account number: write "New Account" on your check and attach with you Account Application. When you receive your new account number please include it on all checks and correspondence. See list of Acceptable Deposits.|
|Transfer to LPL from another firm||Transfer Instructions to LPL - External|
|Transfer within LPL from an existing LPL account to Trade Direct||Transfer Instructions - Internal|
|Wire to LPL Financial - Wire Instructions||Do not wire funds without your account number. Once we receive your new Account Application; a 'Welcome Letter' containing you Trade Direct account number will be sent to you.|
|Retirement Account- IRA/SEP/Coverdale ESA/ Roth||Send a Check Payable to LPL Financial as a Contribution to your Trade Direct account.||Contribution Instructions - Check/Security Deposit Please note your account number on your check or write 'New Account" on your check and attach to your Applicaton. Acceptable Deposits|
|Transfer within LPL - from an existing LPL account to your Trade Direct account||Contribution Instructions - Transfer Request
|Transfer or Rollover to LPL from another firm to your Trade Direct account||Transfer Instructions to LPL - External|
Step 5: Send Forms & Check (if applicable) to LPL Financial
Fax or mail all applicable Account Opening forms and check to LPL Financial.
|Mailing Method||Phone & Address|
|Fax to:||(858) 202-8500|
|Regular Mail To:||LPL Financial
Attn: Dept. M.
PO Box 6575
Fort Mill, SC 29715-6575
|Overnight Delivery:||LPL Financial
Attn: Dept. M.
1055 LPL Way
Fort Mill, SC 29715
Step 6: LPL Financial Sends Welcome Letter
After we receive and review your New Account paperwork, LPl Financial will contact you via phone to perform an identity verification before we can proceed with the account opening process. Once the process is completed, the account will be opened, and you will receive a Welcome Letter within 10 - 14 business days.
|The welcome letter will provide you with:|
|· Your new account number|
|· Instructions on how to create a Trade Direct User ID and login for online trading|
|· Once you complete the steps noted in the letter, you can begin trading in your account.|
|Call the LPL Financial Trade Direct Client Services||Call the LPL Financial Trade Direct Client Services at 855-575-9656 Monday through Friday from 8:30am- 7:30pm EST.|
|Email the LPL Financial Trade Direct Client Servicesfirstname.lastname@example.org|