Cash and Banking Solutions

Cash and Banking Solutions to Manage Your Daily Finances
LPL Financial offers a multitude of services to help you manage your long-term investments and day-to-day finances in one convenient account.

Whether you need banking or credit card services, LPL provides you with many options. Your financial advisor can help you determine the appropriate services for you, including:

• Unlimited checkwriting with free checks
• VISA Platinum debit card
• Automatic daily sweep of uninvested cash
• Direct deposit and money transfer services
• Online bill payment
• Exclusive LPL Financial Platinum MasterCard or American Express Card

Premier Plus Account

The Premier Plus account is a simple, effective way to access and manage your money. For clients looking for a no-frills checkwriting service, the Premier account is available at no charge for individual accounts with a cash balance of $250,000; clients with balances of less than $250,000 pay only $60 a year. With this account, you’ll receive:

• Unlimited checkwriting with free Premier Plus checks.
• A VISA Platinum debit card, accepted at more than 19 million merchants around the world, with access to more than 600,000 ATMs and financial institutions in both the U.S. and abroad.1
• A consolidated banking and brokerage statement with comprehensive recordkeeping services, including monthly images of checks that have cleared your account and payee capture. You’ll also receive a year-end summary statement capturing checkwriting, bill pay, and VISA debit activity by expense category.
• A purchase security program that will replace, repair, or reimburse you up to $500 for any merchandise purchased with your VISA Platinum debit card that is stolen or damaged.2
• A price protection program that allows you to get the best possible price on most VISA Platinum debit purchases, with refunds up to $250 per item and $1,000 per year if the same item is later advertised at a lower cost.3
• Convenient travel services, including $5,000 in travel accident insurance for tickets purchased using your VISA Platinum debit card, auto rental insurance, roadside dispatch services, and emergency lost ticket replacement.
• Automated investment services with regular transfers directly from your bank account, direct deposit of your payroll or government check, and convenient wire transfer and Automated Clearing House (ACH) services.
• A daily sweep of uninvested cash into either an FDIC-insured bank deposit program or a money market fund.3
• An optional internet bill payment service, featuring convenient and secure payment processing, is available. Contact your financial advisor for more information.
• Other banks may assess a surcharge for using their ATMs. Certain restrictions apply. Cash sweep options vary depending on the account type.

FDIC-Insured Bank Deposit Sweep Programs

Depending upon your account type, either the Insured Cash Account (ICA) or the Deposit Cash Account (DCA) is likely available to you. * The ICA and DCA are interest-bearing automated cash sweep programs with a little something extra. Every business day, uninvested cash is automatically transferred to the ICA or DCA program, so that your cash may earn interest without incurring transaction charges. When the cash is needed to cover a debit, it’s automatically transferred back to the account to fund the transaction.

Benefits of the FDIC-Insured Bank Deposit Sweep Programs

The ICA and DCA programs offer you a number of unique benefits:

• Through the firm’s multi-bank deposit sweep program, cash balances are insured by the FDIC for up to $1.5 million for single account holders and trusts and $3 million for joint account holders for each account type. The ICA and DCA programs leverage multiple banks to provide the added protection of higher FDIC insurance coverage.
• For ICA assets, you can earn higher interest rates for higher household assets. The interest rate is based on the aggregate value of all eligible and participating accounts in a household, not just the cash sweep balances. The more assets in your ICA participating accounts, the higher the rate you may receive. Given the regulatory construct of the DCA program, this same household consolidation is not possible.

* Not available to business, nonprofit, or advisory retirement accounts that are not individual IRAs. For accounts not eligible for the Insured Cash Account or Deposit Cash Account, LPL Financial offers a money market fund cash sweep option.

LPL Financial Credit Cards

LPL offers an exclusive credit card program to individuals and businesses through a partnership with First Bankcard, a division of First National Bank of Omaha, one of the top credit card issuers in the U.S.

Choose from several different cards depending on your needs:

• Maximum Rewards® Platinum MasterCard
• Maximum Rewards® Business MasterCard
• American Express Card
• All the cards have competitive rates, no annual fee, and rewards programs that offer you the opportunity to earn cash back and much more.

Key Benefits

• Choose from several different card programs, designed to meet a variety of needs.
• Credit card options are available for both individuals and small businesses.
• Earn points towards cash and merchandise with automatic enrollment in Maximum Rewards, a generous rewards program.
• Automatically pay off your credit card balance each month by linking the LPL Financial
• Credit Card to your investment account, saving you time and money.

Choose the Card That’s Right for You:

LPL Financial is not affiliated with First Bank of Omaha, Visa, Mastercard, or American Express. For use with current clients only. Not available for offer to prospective clients.

What is FDIC Insurance?

Federal Deposit Insurance Corporation (FDIC) covers all deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit. FDIC insurance does not cover other financial products and services that banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or securities.

The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.

The FDIC provides separate coverage for deposits held in different account ownership categories. Depositors may qualify for more coverage if they have funds in different ownership categories and all FDIC requirements are met. (For details on the requirements, go to www.fdic.gov/deposit/deposits).

At LPL Financial, the Insured Cash Account (ICA) and Deposit Cash Account (DCA) insures a client’s cash for up to $1,500,000 for individuals and trust accounts and $3,000,000 for joint accounts.

Basic FDIC Deposit Insurance Coverage Limits

It is a good idea for clients to periodically review their bank deposits to determine whether their cash is within the coverage limits. The rules related to FDIC insurance coverage are complex and it is important that clients review all of their cash deposits held at an individual bank. There are several categories of assets that clients should aggregate when analyzing the amount of coverage they have.Cash in the Insured Cash Account (ICA) and Deposit

• Cash Account (DCA)
• Brokered CDs purchased through LPL Financial
• Brokered CDs purchased through other entities
• Other bank deposits held directly by the client, such as checking and savings accounts and CDs

What is SIPC Insurance?

Securities Investor Protection Corporation (SIPC) is the first line of defence when a brokerage firm fails owing customers cash and securities. When a brokerage is closed and customers assets are missing, SIPC steps in and, within certain limits, works to return customer’s cash, stock, and other securities held at the firm. Not every investor, and not every loss, is protected by SIPC.

The LPL Financial SIPC Membership provides account protection up to a maximum of $500,000 per customer, of which $250,000 may be claims for cash. An explanatory brochure is available at www.sipc.org.

Additionally, through London Insurers, LPL Financial accounts have additional securities protection to cover the net equity of customer accounts up to an overall aggregate firm limit of $575,000,000 subject to conditions and limitations.

The account protection applies when an SIPC member firm fails financially and is unable to meet obligations to securities clients, but it does not protect against losses from the rise and fall in the market value of investments.

Click here to learn more about SIPC.

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