Cash & Banking Solutions

Interest rates on short term cash deposits vary by region across the U.S. We strive to assist you in earning the highest rate of return on your short-term cash positions by identifying banks who offer not only safety but the highest rate of return on your short-term cash holdings. We have accomplished this by forming relationships with several regional and national banking institutions where cash holdings can be automatically moved to a specific bank or banks that meet your short-term cash management needs and objectives.  Our broker deal, LPL Financial, will act as your agent and ensure that your deposits do not exceed the $250,000 (or $500,000 for joint accounts) FDIC-defined ownership category limits. You may, at any time, designate a Bank as ineligible to receive your funds. This will result in your funds not being deposited into this bank or if already there, we will remove your funds from that Bank and designate the Bank as ineligible to receive future deposits. 

Insured Banks Cash Sweep Program

• COLLATERALIZED LENDING and Lines of Credit:

A Premier Line of Credit gives you the freedom to access the value of your investment portfolios without disrupting the investments within them. You can use a Premier Line of Credit for a real estate purchase, a tax bill, a tuition payment—almost anything except the purchase of securities. A Premier Line of Credit will give you the liquidity you want—quickly, easily and seamlessly—for the opportunity’s life presents. Your investment portfolio remains Intact and allows you to borrow against the value of the securities in your investment account – the investments will remain untouched. This new liquidity comes without disrupting a carefully crafted investment strategy or creating unwanted tax consequences. Convenient Access to your credit line is available with personalized checks or wire transfers anytime funds are needed.

• CASH MANAGEMENT

Maximizing the efficiency and rate of interest on idle funds is extremely important. As part of cash budgeting, ensuring that your funds are earning the maximize rate of interest and are efficiently segmented between operational funds and future capital funds is critical. In short, this allows you to maximize the rate of return, ease of access and reporting on the existing cash you have invested.

Money Market Funds

All money market funds (MMF) are not the same! Our independent platform allows us to offer MMF’s from the largest US Banks who offer the most competitive rate of interest. Our Cash Sweep Platform is an automated cash sweep program that automatically moves a client’s free cash into an interest-bearing product. Non-retirement client accounts have access to the LPL Insured Cash Account (ICA) bank sweep. Retirement accounts will use the Deposit Cash Account (DCA) bank sweep, ICA or a money market fund for their cash sweep. We can tailor the cash sweep options that best meets your objectives. This offering provides a competitive alternative to help manage the cash that you’re intending to allocate as a yield-seeking asset class within your accounts.

Credit Cards

The LPL Financial direct cash signature credit provides a cash back option. This card makes earning cash back easy and automatic. Cash is redeemed as a statement credit every quarter with no reward caps or expirations. The LPL Financial Visa Simply Rewards Signature credit card provide rewards points on everyday purchases. This solution offers 3x points on common purchases like groceries, discount store items, gas, restaurants, and fast food and 1x points on all other purchases.