Additional Information on Pershing Clearing and Custody

Features of Individual Securities

Maximum investment choice

  • Clients of Lincoln Investment can buy and sell individual securities that are sold on major exchanges and in the over-the-counter market.
  • These include:
    • Common and preferred stocks
    • Options
    • Corporate, government and municipal bonds
    • Exchange-traded funds
    • Money market funds
  • In partnership with Pershing LLC, a leader in the financial securities marketplace, we offer clients fast and accurate execution and clearance of all individual securities transactions, utilizing Pershing's advanced trading systems.

Margin Accounts

  • Lincoln Investment offers margin account capability to sophisticated investors as an accommodation in their Pershing brokerage account. Before deciding whether or not to open a margin account, please carefully read Pershing's Margin Disclosure Statement and Agreement. Discuss any questions you may have with your Lincoln Investment financial advisor.

Options

Lincoln Investment offers non-discretionary options trading to sophisticated investors in their Pershing brokerage account. Please carefully read the Characteristics and Risks of Standardized Options along with the Option Agreement when deciding to trade options, and discuss with your Lincoln Investment financial advisor whether options trading is appropriate for you.

Commissions and Fee Schedules

Fee Schedule

Brokered CDs

Asset Management Accounts

  • Additionally, Lincoln Investment offers asset management accounts such as Pershing's Corestone Account. Discuss any questions you may have with your Lincoln Investment financial advisor.

SEC Rule 606 (formerly Rule 11Ac1-6)

SEC Rule 606 ("Rule") requires all broker-dealers that route orders in equity and option securities to make available quarterly reports that present a general overview of their routing practices. The reports must identify the significant venues to which customer orders were routed for execution during the applicable quarter and disclose the material aspects of the broker-dealer's relationship with such venues. In order to access the report, click on the link below and enter our broker/dealer name exactly as follows (all caps, no punctuation): LINCOLN INVESTMENT PLANNING LLC and then click "Go."

OrderRoutingDisclosure.com

In addition, the Rule requires broker-dealers to disclose, on customer request, the venues to which the customer's individual orders were routed. Broker-dealers must respond to customer requests for individual information on customer orders that were routed for execution in the six months prior to the request, whether the orders were directed or non-directed, and the time of the transactions, if any, that resulted from such orders.


In general, the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities). Fixed income securities also carry inflation risk, liquidity risk, call risk and credit and default risks for both issuers and counterparties. Lower-quality fixed income securities involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed-income security sold or redeemed prior to maturity may be subject to loss. Fund shares are not FDIC insured and are not deposits or other obligations of, or guaranteed by any bank. Fund shares involve investment risk, including the possible loss of principal.

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although a money market fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.

ETFs are typically registered as unit investment trusts (UITs) or open-end investment companies whose shares represent an interest in a portfolio of securities that track an underlying benchmark or index. Some ETFs that invest in commodities, currencies or commodity- or currency-based instruments are not registered as investment companies. Unlike traditional UITs or mutual funds, shares of ETFs typically trade throughout the day on an exchange at prices established by the market. These ETFs are not managed by the issuer. Investors must buy or sell ETF shares in the secondary market with the assistance of a stockbroker. In doing so, the investor will incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling.