Third Party

Financial Planning: The Biggest Independent Broker-Dealers

Read Financial Planning: Top 50 Biggest Independent Broker-Dealers.

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LPL Financial Ranks Third in the Nation in Full Service Investor Satisfaction

LPL Financial ranks third in overall satisfaction nationally in the J.D. Power and Associates 2010 Full Service Investor Satisfaction Study.SM This is the third consecutive year that LPL Financial is among the top five investment firms nationwide in customer satisfaction. The study measured overall investor satisfaction with full service brokerage firms based on seven factors that influence the customer experience.

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A Trust Primer

Many people perceive trusts as a complex subject better left to their attorney. When stripped of all its “bells and whistles,” however, a trust can be viewed simply as a contract, wherein a grantor agrees to transfer assets to a beneficiary, or multiple beneficiaries, who then receives the assets as stipulated in the contract. A trustee, who may or may not be the grantor, manages the trust assets and ensures the stipulated terms of the trust are faithfully carried out.

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How to Choose a Financial Advisor

Finding a reliable source for investment advice has always been a challenge. It’s especially difficult in today’s investment environment. There’s no shortage of places to turn for advice. The shelves at the bookstores are filled with “experts” offering their perspectives on how and where to invest. The financial pages of the newspapers and magazines are crowded with articles and advertising hype. Not to mention the family members and friends with their own particular brand of wisdom.

Where should you turn for professional, trustworthy guidance? The choice to put part of your financial future in someone else’s hands should not be made hastily or without gathering some crucial information. Here are several suggestions to help you in your quest to find the financial advisor that’s right for you.

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Getting Ready for a Rollover

Generally, if you are a participant in a 401(k) or other company retirement plan, the income earned from your investments escapes tax for as long as you remain a participant in the plan.

When you change jobs or retire, you will have several options. You may be able to keep the money in your former employer’s plan or transfer your funds to your new employer’s plan (if permitted). Two other choices also are available to everyone: One choice is to take the money in hand, paying tax (and possibly penalties, depending upon your age) in the year that you receive the money. The other is to continue to avoid all current tax and potential penalties by opening a Rollover IRA.

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