What is correspondence?
Brokerage : 25 or fewer brokerage clients / prospects. Communications that discuss LPL business intended for a smaller audience. (More than 25 is considered advertising.)
Advisory: One client/prospect or single communication sent to multiple joint account holders. Client letters, account updates, any other communication sent to a single client.
Administrative / Operational: Any number of Brokerage or advisory clients / prospects. Communications to multiple clients / prospects that do not reference or promote a product or service of the firm.
Procedure:
Once a month, use LPL’s F694 form below to submit all relevant correspondence. Forward same form and correspondence submitted to compliance@indsquare.com.
FAQ’s
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Form
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