Sponsorship Program Arrangements. In addition to the compensation described above, LPL receives under LPL’s sponsorship programs compensation (sometimes referred to as “revenue sharing”) from the product providers and/or their affiliates of mutual funds, alternative investments, and variable annuities, some of which may be in connection with LPL’s arrangement with the Plan. LPL enters into agreements with each of the product providers related to the sponsorship programs. The product providers and/or their affiliates that participate in these sponsorship programs are listed below (for an updated list, please visit the Legal Disclosures page on LPL’s website (xxx.xxx.xxx) or contact LPL Client Services, (000)-000-0000.
Sponsorship Program Arrangements. In addition to the compensation described above, LPL receives under LPL’s sponsorship programs compensation (sometimes referred to as “revenue sharing”) from the product providers and/or their affiliates of mutual funds, alternative investments, and annuities, some of which may be in connection with LPL’s arrangement with the Plan. LPL receives revenue sharing payments from investment sponsors who participate in LPL’s Sponsorship Programs. These arrangements support LPL’s product marketing and financial advisor education and training efforts, and allow investment sponsors to communicate with Representatives and employees so that the sponsor can promote such funds or products. The arrangements also allow the investment sponsor’s products in certain cases to benefit from lower transaction charges typically paid by the financial advisor and/or customer. These payments are typically calculated as a fixed fee, as an annual percentage of the amount of assets invested, as a percentage of annual new sales, or as a combination. Your Representative does not receive any part of these sponsorship program payments unless specifically stated below.
