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Account Protection


The LPL Financial membership with the Securities Investor Protection Corporation (SIPC) provides account protection up to a maximum of $500,000 per customer, of which $250,000 may be claims for cash. For an explanatory brochure, please visit Additionally, through London Insurers, LPL accounts have additional securities protection to cover the net equity of customer accounts up to an overall aggregate firm limit of $575 million, subject to conditions and limitations. The account protection applies when an SIPC member firm fails financially and is unable to meet its obligations to securities clients, but it doesn’t protect against losses from the rise and fall in the market value of investments. This extensive coverage reflects a strong commitment to serving your investment needs.


LPL offers two multi-bank deposit programs that provide you the option to “sweep” uninvested cash balances in your Strategic Asset Management account to an interest-bearing FDIC-insured deposit account, allowing your account to earn a return on these cash balances. The primary benefit of sweeping uninvested cash balances to a bank deposit program is to obtain insurance from the FDIC, an independent agency of the U.S. government, which protects your cash against losses in the event of a bank failure (up to $250,000 per bank per account type). Through the LPL multi-bank deposit sweep programs, deposits are eligible for up to $1.5 million of deposit insurance for individual accounts, and for up to $3 million of deposit insurance for joint accounts through the FDIC. Depending upon your account type, you may be eligible for either the Insured Cash Account (ICA) or Deposit Cash Account (DCA) program. To learn more about either the ICA or DCA program and if you qualify, please let us know. If you have any questions about FDIC insurance coverage, visit

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