Prudent Investing with an LPL Financial Advisor

Providing a proper investment environment is a priority for LPL Financial. In addition to our efforts to help safeguard your accounts, your own actions and awareness are also critical to keeping funds properly invested. Following is some important information to keep in mind:

  • Payment for securities investments should always be made directly to "LPL Financial" or to a mutual fund, annuity, or insurance company, or other LPL Financial product partner. View a list of many product sponsors that partner with LPL Financial and their check payee information. If you are asked to write a check to a product provider that does not appear on this list, please call 800-558-7567.
  • LPL Financial advisors are required to place securities investments through LPL Financial or directly with a mutual fund, insurance company, or other product provider, like the ones in the list above. Do not make checks payable directly to a financial advisor, the financial advisor's business name, or any business controlled by the financial advisor.
  • When dealing with a representative of LPL Financial, accept account payments from LPL Financial or the product provider only. Payment from any other business names or the representative is not appropriate.
  • You should never borrow from or lend money to a representative of LPL Financial.
  • Always sign your own documents and never ask someone else to sign for you unless they can legally act for you, e.g. via power of attorney.
  • Review your statements when you receive them. If you receive a summary statement from your financial advisor, compare the statement numbers to your statements from each product provider or official LPL Financial account statement.

With questions about these prudent investing practices or to report any suspicious activity on the part of your financial advisor, please contact the LPL Financial compliance department at 800-558-7567.

For your reference, following are several sample communications from LPL Financial. Your account-related communications from your LPL Financial advisor should resemble these documents: