Published: Tue, 19 Jan 2021 17:10:21 +0000
Economic Blog 1/19/2021 Investment-grade credit spreads, the extra yield you get from investment-grade corporate bonds compared to similarly dated US Treasuries, have already tightened to a level you usually only see during the middle of the economic cycle—and that can … Continue reading →
Published: Tue, 19 Jan 2021 16:00:42 +0000
Tuesday, January 19, 2021 Top Story Market Signals Covers It All This week’s Market Signals podcast covers all the latest events impacting markets and the economy: Q4 earnings, a new stimulus proposal, the Democratic blue wave, and President-elect Joe Biden’s … Continue reading →
Published: Fri, 15 Jan 2021 21:12:53 +0000
Market Blog January 15, 2021 Index Performance US and International Equities The major market indexes finished the week lower. In addition, many international markets followed in lockstep with their US counterparts. Emerging markets (MSCI EM Index) outperformed developed international markets … Continue reading →
Published: Fri, 15 Jan 2021 17:00:19 +0000
Economic Blog January 15, 2021 One of the top questions we’ve received recently has been what a blue wave may mean for investments. After the Democrats won the two Senate runoff elections in Georgia, they will now control the White … Continue reading →
Published: Fri, 15 Jan 2021 16:00:02 +0000
Friday, January 15, 2021 Top Story Retail Sales Worse Than Expected Retail sales in the United States declined 0.7% month over month in December, below all but two of the 70 forecasts in Bloomberg’s consensus survey (US Census Bureau). The … Continue reading →
Published: Thu, 14 Jan 2021 17:25:56 +0000
Market Blog January 14, 2021 Heading into 2020, we maintained our preference for growth stocks as we believed that earnings growth would become harder to come by as the economic cycle aged, and their robust earnings growth was greatly appealing. … Continue reading →
Published: Thu, 14 Jan 2021 16:00:27 +0000
Thursday, January 14, 2021 Top Story New Street View Video Sets Positive Tone The stock market has started off 2021 surprisingly well, and LPL Research Chief Market Strategist Ryan Detrick says this bull market is alive and well. “Surprises to … Continue reading →
Published: Wed, 13 Jan 2021 17:00:38 +0000
Economic Blog 1/13/21 Rising COVID-19 cases and concern about the policy environment put a dent in small business optimism in the month of December, the index’s second straight monthly decline. As shown in the LPL Chart of the Day, the … Continue reading →
Published: Wed, 13 Jan 2021 16:00:57 +0000
Wednesday, January 13, 2021 Top Story Consumer prices in line with forecasts Consumer inflation for December, based on the Consumer Price Index (CPI), grew 0.4% month over month, buoyed by higher gasoline prices. Core inflation, excluding food and energy prices, … Continue reading →
Published: Tue, 12 Jan 2021 17:00:41 +0000
Economic Blog 1/12/2021 Treasury yields hit two key levels the first week of 2021. As shown in the LPL Chart of the Day, the 10-year Treasury yield moved above 1% for the first time since March 2020, and the 10-year … Continue reading →
Published: Tue, 12 Jan 2021 16:00:55 +0000
Tuesday, January 12, 2021 Top Story 2021 Policies Update and the Markets In this week’s Market Signals podcast and video, LPL Research talks about 2021 policy updates and the possibilities of higher taxes and more regulation, more stimulus, higher Treasury … Continue reading →
Published: Mon, 11 Jan 2021 16:00:53 +0000
Monday, January 11, 2021 Top Story Stocks open modestly lower as investors reassess risk sentiment. The US dollar traded higher with demand supported by higher Treasury European stocks pulled back from a 10-month high in midday trading as Germany underperforms. … Continue reading →
Published: Fri, 08 Jan 2021 21:00:11 +0000
Market Blog January 8, 2021 Index Performance View enlarged chart. US and International Equities This week, we gained clarity on the makeup of Congress with the Georgia US Senate runoff. Democrats will now have control of both chambers of Congress, … Continue reading →
Published: Fri, 08 Jan 2021 17:00:59 +0000
Economic Blog 1/8/2021 The differences in strength between the stock market and real economy were laid bare this week as the stock market surged to new highs while the jobs market continued to deteriorate and remains well short of its … Continue reading →
Published: Fri, 08 Jan 2021 16:00:05 +0000
Friday, January 8, 2021 Top Story Jobs Growth Turns Negative The US economy lost 140,000 jobs in December, according to the US Bureau of Labor Statistics, missing Bloomberg survey estimates of a 50,000 gain. This represents the first monthly loss … Continue reading →
Published: Thu, 07 Jan 2021 18:19:52 +0000
Markets Blog 1/07/21 2020 was a good year for stock investors despite unprecedented challenges. After being down more than 30% at the March 2020 lows, the S&P 500 Index ended the year with a solid 18.4% total return. Last year … Continue reading →
Published: Thu, 07 Jan 2021 16:23:11 +0000
Thursday, January 7, 2021 Top Story LPL Research Condemns Violence in Washington, DC LPL Research condemns the violent actions at the US Capitol Building on Wednesday and hopes for healing in our nation’s political and societal divides. We fully support … Continue reading →
Published: Wed, 06 Jan 2021 17:00:50 +0000
Market Blog January 6, 2021 Well, we can officially say goodbye to 2020. Although there still will be many challenges in 2021, we do see much better times ahead. Just how amazing was it? “2020 will go down in history … Continue reading →
Published: Wed, 06 Jan 2021 16:00:44 +0000
Wednesday, January 6, 2021 Top Story 2020 in 20 Charts 2020 was a historic year in many ways, which made it hard to highlight just a few charts. So in honor of 2020, we picked 20 charts that show how … Continue reading →
Published: Tue, 05 Jan 2021 18:18:28 +0000
Economic Blog 1/5/2021 US investment-grade bonds had a solid 2020 despite a tumultuous year overall. The broad Bloomberg Barclays US Aggregate Bond Index had a total return of 7.5%—not as strong as 2019’s 8.7% but its fifth-best year in the … Continue reading →
Published: Tue, 05 Jan 2021 15:57:24 +0000
Tuesday, January 5, 2021 Top Story 10 Lessons LPL Research Learned in 2020 LPL Research reviews its top 10 takeaways from 2020, the year-end Santa Claus Rally, and what the markets are saying about the Georgia runoffs in this week’s … Continue reading →
Published: Mon, 04 Jan 2021 17:46:29 +0000
Market Blog View enlarged table. US and International Equities The S&P 500 Index, Dow Jones Industrial, and Nasdaq Composite indexes, continued their November run in December. As noted last month, November was a record-breaking month for equities, thanks to … Continue reading →
Published: Mon, 04 Jan 2021 16:42:25 +0000
Monday, January 4, 2021 Daily Insights Markets start the New Year higher. US markets continue their trek higher following last year’s nine-month rally. Market participants appear optimistic for a better 2021 in the wake of COVID-19 vaccine progress and December’s … Continue reading →
Published: Thu, 31 Dec 2020 21:02:00 +0000
Market Blog 12/31/2020 US and International Equities As we finish out a challenging year this week, Congress passed COVID-19 relief, providing increased unemployment benefits, small business assistance, along with an additional $600 stimulus payment. In addition, Congress is presently in … Continue reading →
Published: Thu, 31 Dec 2020 16:00:51 +0000
Thursday, December 31, 2020 Happy New Year to all from LPL Research! We made it through a very challenging 2020. Have a happy, healthy, and safe 2021. Top Story What a big end of year rally means. The S&P 500 … Continue reading →
Published: Thu, 31 Dec 2020 13:00:51 +0000
Market Blog 12/31/2020 Welcome to the last day of 2020! It has been a devastating year in so many ways, yet for investors it has been quite rewarding. Much of the gains in 2020 have taken place the final two … Continue reading →
Published: Wed, 30 Dec 2020 17:00:47 +0000
Economic Blog 12/30/20 For many economic data series, 2020 has been a roller coaster. Not for housing, however. The onset of the COVID-19 pandemic and social distancing measures jump-started the “nesting” behavioral shift away from urban apartments and into single-family … Continue reading →
Published: Wed, 30 Dec 2020 16:00:31 +0000
Wednesday, December 30, 2020 Top Story Home prices continue to climb. While some industries continue to struggle during the pandemic, housing data in the United States (US) remains a strong point of the US economy. Standard & Poor’s 20-city composite … Continue reading →
Published: Tue, 29 Dec 2020 17:54:05 +0000
Economic Blog 12/29/2020 2020 was an extraordinary year for the Federal Reserve (Fed). The Fed responded swiftly and decisively to the rapidly accelerating financial and economic uncertainty brought on by efforts to contain the COVID-19 pandemic. The current Fed was … Continue reading →
Published: Tue, 29 Dec 2020 16:00:03 +0000
Tuesday, December 29, 2020 Top Story Lessons learned from the Fed in 2020. The Federal Reserve (Fed) will remain in focus for markets in 2021. “Don’t fight the Fed” seems like obvious investor guidance in hindsight, but it didn’t in … Continue reading →
Published: Mon, 28 Dec 2020 16:00:31 +0000
Monday, December 28, 2020 Top Story Solid holiday shopping season. Holiday sales grew 3%, beating forecasts for a 2.4% increase according to MasterCard’s SpendingPulse. Online sales rose 49% year over year. These results were impressive for a recessionary period—the comparable … Continue reading →
Published: Thu, 24 Dec 2020 17:28:26 +0000
Market Blog 12/24/2020 Data is as of 11:15 AM ET View enlarged chart. US and International Equities This week, concerns about a new COVID-19 strain in the United Kingdom along with new lockdown restrictions have weighed on the markets even … Continue reading →
Published: Thu, 24 Dec 2020 16:00:25 +0000
Thursday, December 24, 2020 Top Story Markets Close Early Today The NYSE and NASDAQ will close at 1 p.m. ET today. The bond markets will close at 2 p.m. ET. All markets will be closed Friday, December 25, and will … Continue reading →
Published: Wed, 23 Dec 2020 16:16:32 +0000
Wednesday, December 23, 2020 Top Story Jobless Claims Beat Weekly jobless claims halted their recent skid as 803,000 Americans filed for unemployment insurance according to the US Department of Labor, ahead of Bloomberg consensus estimates of 880,000. Continuing claims also … Continue reading →
Published: Wed, 23 Dec 2020 15:17:21 +0000
Market Blog 12/23/20 “If Santa should fail to call, bears may come to Broad and Wall.” —Yale Hirsh December is widely known as one of the best months of the year for stocks, but most don’t realize that the majority … Continue reading →
Published: Tue, 22 Dec 2020 19:54:06 +0000
Economic Blog 12/22/2020 With concern about inflation rising for some investors, we’ve started to receive questions about Treasury Inflation-Protected Securities, or TIPS. With TIPS, the principal of the bond, the part that’s paid back when the bond matures, is adjusted … Continue reading →
Published: Tue, 22 Dec 2020 19:43:39 +0000
Economic Blog 12/22/2020 Brexit, the United Kingdom’s (UK) withdrawal from the European Union (EU), is making news again as it stumbles toward its apparent conclusion on December 31, 2020. The major sticking point now: fish. The UK officially left the … Continue reading →
Published: Tue, 22 Dec 2020 16:00:35 +0000
Tuesday, December 22, 2020 Top Story Stimulus Bridges to Recovery Recent economic data shows evidence of slowing momentum in the US economy, but the new stimulus package could keep the recovery moving forward. This week’s Market Signals podcast reviews the … Continue reading →
Published: Mon, 21 Dec 2020 16:00:36 +0000
Monday, December 21, 2020 Top Story Stocks Open Lower The S&P 500 Index opened roughly 1.5% lower, while the tech-focused NASDAQ fared better. Stocks are responding to more curbs to contain the spread of COVID-19 and bucking a tailwind created … Continue reading →
Published: Fri, 18 Dec 2020 21:00:40 +0000
Market Blog 12/18/20 View enlarged chart. US and International Equities The major market indexes reversed course from last week to finish this week higher. The tech-laded Nasdaq composite was the bright spot, returning 3% this week. So far, the Nasdaq … Continue reading →
In doing so, VyStar Investment Services is proud to have a relationship with LPL Financial, who offers a full range of investment products and services and enhanced technologies.
LPL Financial is a Registered Investment Advisor and a broker/dealer, which means that an LPL Financial Advisor can offer you both investment advisory and brokerage services. We want to make sure you are aware of some of the important considerations you need to take into account when deciding which type of service serves your investment goals and needs.
LPL Financial is a Registered Investment Advisor with the Securities and Exchange Commission (SEC) under the Investment Advisers Act of 1940. As a Registered Investment Advisor, LPL Financial is a fiduciary to its advisory clients and, as such, is obligated to act solely in the best interests of clients and make full and fair disclosure of all material conflicts of interest. LPL Financial and its financial advisors offer a number of investment advisory programs and services, including discretionary wrap programs such as Strategic Asset Management (SAM), Model Wealth Portfolios (MWP) and Personal Wealth Portfolios (PWP), mutual fund asset allocation programs such as Optimum Market Portfolios (OMP) and financial planning services.
Under its investment advisory programs and mutual fund asset-allocation programs, LPL Financial and its financial advisors provide ongoing investment advice and monitoring of client portfolios. These services may be on a discretionary basis, which means that you do not need to direct your LPL Financial Advisor to make trades, rebalance your portfolio or make other investment decisions for your account. For such services, clients pay LPL Financial a fee for investment management, brokerage, custody and administrative services. The fee, which is negotiated between the LPL Financial Advisor and client, is typically a percentage fee based on the value of the assets in the account. These ongoing services and fees are set out in the Investment Advisory Agreement between LPL Financial and the client, which can be terminated at any time by the client.
As an alternative, or in addition to ongoing investment advice in an advisory program, clients may engage with an LPL Financial Advisor for financial planning services. The client pays a flat fee or hourly fee for this type of service, which is not ongoing. As noted above, when LPL Financial acts as a Registered Investment Advisor, it is required to disclose all material conflicts of interest between LPL Financial and its advisory clients. LPL Financial delivers to its advisory clients at the time of engagement a Form ADV disclosure brochure that contains important information about LPL Financial and the LPL Financial Advisor, the advisory services to be provided, the fees to be paid for such services, and material conflicts of interest. Such disclosure brochures may be obtained by visiting www.lpl.com and selecting “Working with an Advisor,” then “Learn More About Disclosure.” When considering whether to engage an LPL Financial Advisor, it is important that you carefully read the account agreements and disclosures that are provided to you.
Investing in mutual funds involves risk, including possible loss of principal. Asset allocation does not ensure a profit against a loss.
LPL Financial is also a broker/dealer registered with the SEC and a member of the Financial Industry Regulatory Authority (FINRA). In addition, LPL Financial is registered as a broker/dealer with each of the 50 states. As a broker/ dealer, LPL Financial includes the following services:
In a brokerage relationship, clients typically pay a commission to LPL Financial on each transaction in the account. The amount of the commission in a brokerage relationship varies depending on the security or investment product selected by the client. For mutual funds, the commission or sales load is typically paid upfront, is charged directly against the investment and is based on the amount of assets invested. For example, if you have $1,000 and want to invest it in a mutual fund Class A share with a 5% front-end load through a brokerage relationship, the $50 sales charge you must pay comes off the top, and the remaining $950 is invested in the fund. Mutual funds typically offer multiple share classes that have different fees and expenses and pay brokers in different ways. The applicable sales charge is described in the prospectus or other offering document of the investment product provided to the client in connection with the investment. As a broker/dealer, LPL Financial may also receive other types of fees and compensation, such as trail payments (also called 12b-1 fees) and markups.
When LPL Financial acts as a broker/dealer, it has a duty to deal fairly with its brokerage clients. When an LPL Financial Advisor makes a recommendation about a security in a brokerage relationship, LPL Financial has an obligation to determine that the recommendation is suitable for the client based on the client’s stated investment objective, risk tolerance, tax status and other financial information provided by the client. The LPL Financial Advisor has no duty to provide ongoing investment advice with respect to a brokerage account. LPL Financial does not take discretion from its brokerage clients; in other words, LPL Financial will only place transactions for its brokerage clients upon direction from the client. The LPL Financial obligation to disclose detailed information to clients about the nature and scope of its business, fees, conflicts of interest and other matters is more limited.
Investing in mutual funds involves risk, including possible loss of principal.
In some cases, an advisory relationship may cost you more than a brokerage relationship. However, in other cases, a brokerage relationship may cost you more. These questions and the information above will help you determine what level of service and pricing structure is appropriate for you. Keep in mind that your needs and goals may change over time, and how you transact business with your LPL Financial Advisor may change as well. As such, this should be a topic you review with your LPL Financial Advisor over the course of your relationship. If you have any questions about the differences between an advisory and brokerage relationship, you should ask your LPL Financial Advisor, who is a valuable resource to help you make the investment decisions that are suitable for you.
Rebalancing a portfolio may cause investors to incur tax liabilities and/or transaction costs and does not assure a profit or protect against a loss.
Contact a VyStar Investment Services LPL Financial Advisor today by phone (904) 908-2495 or email VISMarketing@vystarcu.org.
Check the background of investment professionals associated with this site on FINRA’s BrokerCheck.