LPL Cash Management
Everyday Banking and Investing, All In One Place
Your Investment and Banking Relationship — Simplified with LPL Cash Management
Financial lives are complicated. Multiple accounts, multiple passwords, monthly statements to track. The LPL Cash Management Account (CMA) brings your banking and investing together — so uninvested cash keeps working for you while staying just as accessible as a traditional checking account. Read LPL Financial's announcement introducing Cash Management Account.
How LPL Cash Management Works
Rather than keeping a separate account for future investable funds and a separate checking account, the LPL Cash Management Account does both.
Move uninvested funds to your CMA. Transfer funds from your brokerage account or deposit them directly.
Funds are automatically swept into the Cash Sweep Program, if enrolled, to help maximize yield and FDIC insurance versus what a traditional bank account offers.
Bank as you normally would using those uninvested funds — access them just as you would with a traditional checking account.
Invest or spend when the time is right. You're positioned to move quickly and easily when you're ready.
LPL Cash Management Features
FDIC insurance coverage up to $2.5 million for individual accounts and $5 million for joint accounts, when enrolled in one of LPL's FDIC-insured cash sweep programs*
No monthly maintenance fees
No minimum balance requirements
Free ATM access worldwide†
Unlimited free checks
Mobile check deposit
Bill Pay†
An online, consolidated view of your banking and investing accounts
Fraud monitoring and dedicated service support
A debit card (if eligible), with integration options like Venmo and Apple Pay†
The potential to maximize your yield and FDIC coverage compared to traditional checking accounts
Banking Benefits in Action
Specifically designed to work like a regular checking account, LPL Cash Management comes with the features you're used to — plus more.
| Feature | Traditional Banking | LPL Cash Management |
|---|---|---|
| Free ATM access worldwide† | — | ✔ |
| Unlimited free checks and check writing† | — | ✔ |
| Ability to see your investing and banking accounts together | — | ✔ |
| Bill Pay† | ✔ | ✔ |
| Direct deposit and mobile check deposit | ✔ | ✔ |
| Convenient purchases: debit card plus Venmo, Apple Pay, etc.† | ✔ | ✔ |
Take the Next Step
To offload the hassle of managing multiple accounts and take advantage of an integrated banking and investing relationship, talk with us about enrolling in LPL Cash Management.
*Accounts enrolled in LPL Cash Management that participate in one of LPL's FDIC-insured cash sweep programs may receive FDIC insurance coverage up to the applicable program limits. FDIC insurance protects against the loss of FDIC-insured deposits if the depository institution or bank holding the deposit fails. LPL itself is not an FDIC-insured institution. Only balances deposited at the participating banks for the account's sweep program are eligible for FDIC insurance (subject to the applicable limits). Eligibility for pass-through deposit insurance coverage for such deposits is subject to fulfilling specific conditions. For more information on LPL's cash sweep programs, please ask your financial professional.
†Banking services provided by UMB Bank through its strategic relationship with LPL.
This material was prepared by LPL Financial.
Securities and advisory services offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. To the extent you are receiving investment advice from a separately registered independent investment advisor that is not an LPL affiliate, please note LPL makes no representation with respect to such entity.
Not Insured by FDIC/NCUA or Any Other Government Agency | Not Bank/Credit Union Guaranteed | Not Bank/Credit Union Deposits or Obligations | May Lose Value
Securities and advisory services offered through LPL Financial, a registered investment advisor, Member FINRA/ SIPC.