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Mutual Funds and Exchange Traded Products (ETPs)
Mutual funds continue to provide advisors and their clients with some of the most versatile options for individual investment and financial planning needs. As an LPL Financial independent financial advisor, you’ll enjoy the flexibility of choosing among more than 450 top load and no-load mutual fund families to help meet the needs of clients seeking increased diversification and targeted asset allocations.
Technology designed to facilitate and support fund transactions
The LPL Financial mutual fund platform makes it easier than ever to transact mutual fund business through:
- Internet-based trading for all buys, sells and exchanges
- Nightly downloads of information on load fund positions held at the fund companies
- Mutual Fund historical data provided by Thomson Financial
- Discounts available for LPL Financial advisors who use Morningstar or CDA
LPL Financial provides the flexibility to manage mutual fund portfolios on a non-discretionary commission-basis or in a number of different fee-based accounts.
Accounting for Mutual Fund Commissions
LPL Financial pays advisors on all commissions the mutual fund company pays us. Advisors receive their mutual fund trails and special full dealer reallowances offered by the fund companies.
Our key partner firms include:
No-Load Mutual Funds
LPL Financial makes it easy to accommodate the requests of clients to buy, hold and sell no-load funds. Below is a partial list of fund family names that can be held in non-fee based accounts:
- Dodge & Cox
- T. Rowe Price
- Warburg Pincus
- Van Wagoner
Mutual funds and Exchange Traded Products are offered with a prospectus. Investors should consider the investment objectives, risks and charges and expenses of the investment company carefully before investing. The prospectus contains this and other information about the investment company. Investors can obtain a prospectus from their financial representative. They should read the prospectus carefully before investing.
Exchange-Traded Products (ETPs)
Exchange-Traded Products (ETPs): Exchange-Traded Funds (ETFs) and Exchange-Traded Notes (ETNs)
At LPL Financial we help you maximize the benefits Exchange Traded Products (ETPs) can provide your clients while helping you avoid pitfalls through providing education, support and advanced technology and trading resources.
LPL Financial works with over 35 ETF and ETN providers including:
- State Street Global
- Barclays iPath
Closed End Funds and Unit Investment Trusts
LPL Financial offers a complete lineup of Closed End Funds and Unit Investment Trusts (UITs) from a range of providers, including:
- Eaton Vance
- John Hancock
- First Trust
- Cohen & Steers
An investment in an Exchange Traded Fund (ETF), structured as a mutual fund or unit investment trust, involves the risk of losing money and should be considered as part of an overall program, not a complete investment program. An investment in ETFs involves additional risks: not diversified, the risks of price volatility, competitive industry pressure, international political and economic developments, possible trading halts, Index tracking error. Although exchange traded funds are designed to provide investment results that generally correspond to the price and yield performance of their respective underlying indexes, the trusts may not be able to exactly replicate the performance of the indexes because of trust expenses and other factors.
Boston : 75 State Street, 24th Floor, Boston, MA 02109
Charlotte : 2810 Coliseum Centre Drive, 4th Floor, Charlotte, NC 28217
San Diego : 4707 Executive Drive, San Diego CA 92121
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