Cost

Lincoln Financial Advisors (LFA) offers brokerage account services through National Financial Services, LLC® (NFS) a well-known and highly respected clearing firm across the financial services industry.

Account statements from LFA clearly indicate which clearing firm serves your account.

Fee and commission schedule 

NFS, a Fidelity® Investments company, provides brokerage account services for Brokerage Portfolio® and Basic Brokerage accounts. NFS also provides custodial services for our Individual Retirement Accounts (IRAs), profit sharing plans and money purchase plans. 

Utilize the LFA Fee and Commission Schedule for fee and commission information related to these accounts.   

NFS sets a base lending rate according to commercial lending rates, industry conditions regarding the extension of margin credit and general credit conditions. As of December 14, 2017, the NFS Base Lending Rate (NFBLR) was 6.00 percent.1 The NFBLR is set at the discretion of NFS and can change without notice.   

The margin rate is the sum of the NFBLR and a surcharge based on the size of the margin debit balance. The   NFS Margin Borrowing Brochure   and talking to your LFA representative can help you decide whether margin investing is appropriate for you.

Margin trading entails considerable risk and is not suitable for all investors. If the market value of securities in a margin account declines, you may be required to deposit more money or securities to maintain your line of credit. Investment losses do not minimize the obligation of a margin account investor to repay a loan in full. 
 

1The NFBLR and PBLR can change without notice.