Protection & Benefits
LPL's investment account assets are protected up to $100
million.
LPL's SIPC membership
provides account protection up to a maximum of $500,000, of which $100,000 may
be in cash. Additionally, through AIG,
one of the leading US-based insurance organizations, LPL accounts have
additional securities coverage of $99.5 million, for a total of $100 million in
coverage.
The account protection applies in the event a SIPC
member firm fails financially and is unable to meet obligations to securities
clients. It does not protect against losses from the rise and fall in the
market value of investments.