Roles and Responsibilities
The role of our broker-dealer:
- Opening, approving, and monitoring your account(s)
- Determining the suitability of the investments in your account(s) based on information you provided to us
- Responding to any questions or inquiries related to your account(s)
As custodian of your brokerage account, LPL Financial is responsible for:
- The execution, clearance, and settlement of securities transactions
- Preparing and sending periodic statements of your account and transaction confirmations
- The custody (or safekeeping), receipt, and delivery of funds and securities
- The extension of margin credit upon approval
