Technology Funding. LPL also receives reimbursement from product sponsors for technology-related costs associated with investment proposal tools it makes available for use with customers. LPL makes available a list of product sponsors that provide these types of compensation on its website at xxx.xxx.xxx.
Technology Funding. When LPL incurs technology development-related costs associated with the launch or maintenance of a platform, tool or service, LPL sometimes receives reimbursements from product sponsors for such costs. Because LPL benefits from product sponsors’ reimbursements of technology development-related costs, LPL’s financial interests are conflicted with its ability to use strictly objective factors when selecting product sponsors to make available on the applicable platforms.
