Account Protection Pledge
When you invest with a firm that is aligned with LPL, your accounts are protected with multiple levels of security.
- LPL Financial’s Securities Investor Protection Corporation (SIPC) membership provides account protection up to a maximum of $500,000 per customer, of which $250,000 may be claims for cash.*
- In addition to SIPC protection, LPL Financial purchases Excess of SIPC protection with an aggregate limit of $600 million
Through LPL Financial’s multi-bank solutions, our clients will receive the benefits of FDIC insurance, including:
- Accounts eligible for the Insured Cash Account (ICA) will receive up to $2.5 million in coverage for single account holders and $5 million for joint accounts.
- Accounts eligible for the Deposit Cash Account (DCA) will receive up to $2 million in coverage for single account holders.
- ICA and DCA deposits are FDIC-insured to a maximum of $250,000 (including principal and accrued interest) per bank, per legal capacity, and is aggregated with all other deposits held by you in the same recognized legal capacity at the same bank. Other investment holdings are subject to loss.
Regardless of investment type or size, it is important to us that your accounts are well protected. If you would like more information on LPL Financial’s SIPC membership, please visit www.sipc.org for a brochure. For FDIC insurance coverage information, visit www.fdic.gov.
*The account protection applies when an SIPC member fails financially and is unable to meet obligations to securities clients, but it does not protect against losses from the rise and fall in the market value of investments.
