As an independent hybrid Registered Investment Advisor firm registered with the SEC, Financial Management, Inc. uses a variety of custodians to hold, safeguard, and maintain accounts for their clients. These custodians vary in their services and niches, but mostly perform functions as trading, tax reporting, client statements, online access, distributions and other administrative services. Financial Management, Inc. clients receive a client statement from the custodians that hold their accounts and all financial transactions run through the custodian, rather than Financial Management, Inc. holding their client’s money in an Financial Management, Inc. account. We manage the portfolios, and the custodians perform the administrative tasks and maintain the funds in your accounts.
LPL Financial is one of the nation's leading financial services companies and a publicly traded company under ticker symbol LPLA. The firm’s mission is rooted in the belief that objective financial guidance is a fundamental need for everyone. LPL does not offer proprietary investment products or engage in investment banking activities; this means advisors affiliated with LPL are not pressured or influenced by LPL to sell its products. Thousands of financial advisors nationwide are able to rely on the firm’s tools and resources to help them provide financial guidance and recommendations to help meet their clients’ needs. For more information about LPL Financial, visit www.lpl.com.