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Self-Clearing

Our self-clearing capability eliminates the need for a third-party vendor. Your trades are cleared quickly and efficiently, utilizing a proprietary front-end platform. You can open 99.5% of common account types online (including most advisory accounts) and immediately perform trades. By combining advanced technology and economies of scale, our model can provide you with better price points for your clients’ trades. Plus, the economics of self-clearing have allowed us to significantly lower the cost to you. We are committed to exceptional service and you have a single point of contact if any problems arise.

The LPL self-clearing model eliminates the need for a third-party vendor, which gives us greater control over the products and services we provide you. As one of the few self-clearing independent brokerage firms in the nation, LPL Financial is able to process all trades and operations at a single location. Our dedication to self-clearing is driven by a commitment to providing a competitive advantage to our network of financial advisors.

Why Consider LPL Self-Clearing Services?

  • Trades are cleared quickly and efficiently, utilizing a proprietary, front-end platform
  • The economics of self-clearing have allowed LPL to significantly lower expenses
  • Leveraging cutting-edge technology and economies of scale, the LPL model can provide you with better price points for your clients’ trades
  • A single-point-of-contact means if any problems arise, they can be resolved in a timely fashion
  • You  have the ability to open 99.5% of common account types (including most advisory accounts) online and immediately perform trades

You’ll Also Enjoy Additional Advantages Exclusive to LPL:

  • Free cost basis for all accounts
  • Consolidated account statements, showing brokerage positions, mutual funds held at the fund and the position of selected annuities held at the carrier
  • Streamlined compliance procedures
  • Automated trade credit for electronically placed trades

The LPL system is dedicated to clearing trades for our network of independent financial advisors and financial institutions. Straight-through processing is always our top priority. So you can be confident your trades will receive the priority handling they deserve.