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Cash and Banking Services

At LPL Financial we understand that the wealth management and financial planning products and services you offer clients must encompass the full range of client needs. We offer a broad selection of cash management and banking services, making it easy for you to help manage client cash management and liquidity needs. These services are designed to fulfill a broad range of client objectives while helping you capture, integrate and coordinate strategies across a greater share of client assets.

Cash Management
The Premier Cash Management program combines an investment account with convenient cash management services including:

  • Unlimited check writing
  • VISA Platinum debit card
  • Direct deposit
  • Comprehensive record keeping
  • Online bill payment

The Insured Cash Account (ICA) program is an automated bank-deposit cash sweep program that is insured with the Federal Deposit Insurance Corporation (FDIC). The program leverages multiple banks and offers a tiered interest-rate structure, giving clients the benefit of added security.

  • Cash balances are automatically swept into either the Insured Cash Account (ICA) or a money market fund, allowing clients to earn a return on their uninvested cash

Collateralized Lending

LPL Financial has partnered with The Bancorp Bank and Nationwide Bank to offer retail lines of credit for advisor referral to their clients. The programs offer non-purpose loans, collateralized by the securities on deposit in non-retirement brokerage and non-retirement advisory accounts held at LPL Financial.

  • The programs offers attractive rates, which may be lower than standard bank loan rates
  • There are no fees for opening, drawing on or paying off the non-purpose loan account

Credit Cards
LPL Financial provides financial advisors and their clients with access to an exclusive credit card and comprehensive rewards program. LPL Financial offers a program with unique features and benefits. The credit card program ensures your clients have access to the finest products for their day-to-day spending needs, backed by consistent, top-quality service.

  • Strengthen brand identity with clients through LPL Financial branded credit cards