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Self-Clearing Services

When you process a trade, you want it cleared quickly, accurately and problem-free. That’s why understanding a firm’s clearing model is so important. If a firm uses an outside clearing agency, you’ll need to know what priority is given to your trades, based on how many different clients are competing for clearing services. The same consideration should be given to self-clearing firms that handle clearing for many different business areas.

The LPL Financial self-clearing model eliminates the need for a third-party vendor, which gives us greater control over the products and services we provide you.

LPL Financial Self-Clearing
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 Financial self-clearing services?

  • Trades are cleared quickly and efficiently, utilizing a proprietary, front-end platform
  • The economics of self-clearing have allowed LPL Financial to significantly lower expenses
  • Leveraging cutting-edge technology and economies of scale, the LPL Financial 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 Financial:

  • 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 through the LPL Financial account
  • Automated trade credit for electronically placed trade

Unlike other clearing environments, the LPL Financial 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.