Published: Wed, 05 Aug 2020 15:58:23 +0000
Market Blog This isn’t like any recession we’ve ever seen, as it was sparked by a horrible pandemic and happened because people were told to stay inside. The impact was the worst contraction in gross domestic product (GDP) last quarter … Continue reading →
Published: Wed, 05 Aug 2020 15:26:10 +0000
DAILY INSIGHTS Stocks opened higher. US stock markets opened in the green, with the Nasdaq reaching its 30th new record high of 2020. Investors are focusing on positive earnings reports, developments on the COVID-19 relief bill, vaccine progress, and jobs … Continue reading →
Published: Tue, 04 Aug 2020 15:57:52 +0000
Economic Blog The 10-year Treasury yield is historically low, so low that it could climb a full 1% before the end of the year and still be the lowest year-end yield on record, with room to spare. Historically low rates … Continue reading →
Published: Tue, 04 Aug 2020 14:58:57 +0000
DAILY INSIGHTS Stocks opened slightly lower. The S&P 500 Index is down slightly in early trading on a quiet day for economic data. Tuesday, market participants will focus on stimulus talks in Washington, United States and China tensions, earnings season, … Continue reading →
Published: Mon, 03 Aug 2020 15:58:17 +0000
Market Blog 2020 has been historic and devastating in many ways, from the fastest bear market ever, to one of the greatest stock market recoveries ever. Not to mention a historic drop in the economy in the second quarter, with … Continue reading →
Published: Mon, 03 Aug 2020 14:58:40 +0000
DAILY INSIGHTS Stocks start the week on a positive note. The S&P 500 Index is set to open higher this morning to kick off August, a month that historically has been one of its weakest, after a strong 5.5% gain … Continue reading →
Published: Fri, 31 Jul 2020 20:01:15 +0000
Market Blog Index Performance S&P 500 Index: 1.7% Dow Jones Industrial Average: -.2% Nasdaq Composite: 3.7% Equities This week was another mixed week for the markets, as large cap growth earnings powered tech behemoths and the Nasdaq to more than … Continue reading →
Published: Fri, 31 Jul 2020 15:57:58 +0000
Market Blog Apple, Microsoft, Amazon, Google, and Facebook. These five stocks have helped spawn a number of acronyms as they try to capture the rise of mega-cap tech stocks that have led the market higher for much of the past … Continue reading →
Published: Fri, 31 Jul 2020 14:58:13 +0000
DAILY INSIGHTS Tech stocks fuel gains to end week. The S&P 500 Index is marginally higher in early trading, as large cap growth stocks fuel gains in the technology, consumer discretionary, and communication services sectors. Asian markets were mostly lower, … Continue reading →
Published: Thu, 30 Jul 2020 17:45:13 +0000
Economic Blog The best thing we can say about today’s US gross domestic product (GDP) report for the second quarter is that it’s behind us. GDP contracted at a 32.9% annualized rate during the quarter, the largest decline on record. … Continue reading →
Published: Thu, 30 Jul 2020 15:58:17 +0000
Economic Blog The Federal Reserve (Fed) completed its latest two-day policy meeting Wednesday, July 29, and the primary message coming from the world’s most important central bank was a continued commitment to supporting the economy as long as it’s needed—and … Continue reading →
Published: Thu, 30 Jul 2020 14:59:52 +0000
DAILY INSIGHTS Stocks opened lower on big news day. Futures were already lower ahead of the historic gross domestic product (GDP) report and jobless claims data and those data points didn’t change the picture much. Asian markets were modestly lower … Continue reading →
Published: Wed, 29 Jul 2020 15:56:41 +0000
Market Blog “An object in motion tends to remain in motion along a straight line unless acted upon by an outside force.” Sir Isaac Newton Last September, we noted that gold had many structural reasons to soar. Well, soar it … Continue reading →
Published: Wed, 29 Jul 2020 15:03:11 +0000
DAILY INSIGHTS Markets showing resilience. After finishing near their lowest trading levels Tuesday, US markets opened higher this morning. Investors are gauging the wide differences between Republicans and Democrats on the next fiscal stimulus package given the present economic climate. … Continue reading →
Published: Tue, 28 Jul 2020 15:57:37 +0000
Economic Blog After carving out the first part of a “V-shaped” recovery, the US economy has leveled off somewhat in response to the latest wave of COVID-19 infections. In this week’s Weekly Market Commentary: Stalling Economic Recovery May Slow Stock … Continue reading →
Published: Tue, 28 Jul 2020 15:00:09 +0000
DAILY INSIGHTS S&P 500 slightly lower with stimulus, virus in focus. The S&P 500 Index is slightly lower early today as market participants continue to assess stimulus progress, COVID-19 case growth, and earnings. The S&P 500 climbed 0.7% Monday as … Continue reading →
Published: Mon, 27 Jul 2020 15:57:36 +0000
Market Blog “That’s not a knife … that’s a knife!” Paul Hogan in Crocodile Dundee There is growing talk that growth stocks and specifically technology stocks are in a bubble. But as Paul Hogan showed is in the classic 1986 … Continue reading →
Published: Mon, 27 Jul 2020 14:57:53 +0000
DAILY INSIGHTS Stocks opened higher. After ending last week on a down note and seeing its three-week win streak snapped, the S&P 500 Index is in the green in early trading this morning. Markets are awaiting the release of the … Continue reading →
Published: Fri, 24 Jul 2020 20:02:13 +0000
Market Blog Index Performance S&P 500 Index: -0.3% Dow Jones Industrial Average: -0.8% Nasdaq Composite: -1.3% Equities Large cap US equities pulled back modestly this week, as technology-oriented stocks paused for the second consecutive week. The Nasdaq fell more than … Continue reading →
Published: Fri, 24 Jul 2020 15:58:22 +0000
Leading economic indicators continued to rebound in June, albeit at a slightly slower pace than in May. Yesterday, The Conference Board released its June report detailing the latest reading for its Leading Economic Index (LEI), a composite of data series … Continue reading →
Published: Fri, 24 Jul 2020 14:59:02 +0000
DAILY INSIGHTS Down again. US stocks opened lower following Thursday’s broad weakness. Caution is in the air, as China retaliated by shutting down the US consulate in Chengdu. Asian markets were down significantly on the news. European markets are firmly … Continue reading →
Published: Thu, 23 Jul 2020 16:00:01 +0000
Economic Blog The US dollar was remarkably strong during the first quarter of 2020, benefitting from the flight to safety and rallying to nearly a 10% year-to-date gain at the stock market’s low point on March 23. However, as equity … Continue reading →
Published: Thu, 23 Jul 2020 14:59:17 +0000
DAILY INSIGHTS Stocks opened little changed. The S&P 500 Index is trying for its sixth straight positive session as mostly well-received earnings results and optimism that the next big stimulus package out of Washington, DC, will soon be secured are … Continue reading →
Published: Wed, 22 Jul 2020 17:57:47 +0000
Market Blog LPL Research released our Midyear Outlook 2020 last week, discussing the path of the eventual economic and market recovery. What makes this year so incredible is, as of July 21, the S&P 500 Index moved positive for the … Continue reading →
Published: Wed, 22 Jul 2020 14:59:15 +0000
DAILY INSIGHTS Mixed markets. US stocks opened mixed, as Tuesday the S&P 500 Index moved to its highest level since February. Caution is in the air as the United States ordered China to close its consulate in Houston, fueling potential … Continue reading →
Published: Tue, 21 Jul 2020 15:58:12 +0000
Economic Blog While the 10-year Treasury yield has traded in a narrow range since early April, the equivalent real yield, represented by the yield on 10-year Treasury inflation-protected securities (TIPS), has continued to fall and could go lower. Real yields … Continue reading →
Published: Tue, 21 Jul 2020 15:02:04 +0000
DAILY INSIGHTS Stimulus, vaccine optimism supporting gains in global stocks. Most major international indexes extended Monday’s US gains overnight as investors digest Europe’s approximately $850 billion fiscal stimulus package and continued positive news on vaccine progress. Tech-related stocks led yesterday’s … Continue reading →
Published: Mon, 20 Jul 2020 14:57:05 +0000
DAILY INSIGHTS US stocks opened little changed. The S&P 500 Index, which ended last week fractionally shy of positive territory year to date, will try to continue its three-week win streak as markets focus on flattening the COVID-19 curve, vaccine … Continue reading →
Published: Fri, 17 Jul 2020 20:01:35 +0000
Market Blog Index Performance S&P 500 Index: 1.3 % Dow Jones Industrial Average: 2.3 % Nasdaq Composite: -1.1 % Equities US equities delivered modest gains this week, with indexes representing both the midcap and small cap spaces faring best. Both the S&P … Continue reading →
Published: Fri, 17 Jul 2020 16:00:25 +0000
Economic Blog Retail sales data for June was reported on Thursday, handily beating expectations for the second consecutive month. As shown in the LPL Chart of the Day, June saw a 7.5% increase month over month, compared with Bloomberg’s consensus … Continue reading →
Published: Fri, 17 Jul 2020 14:56:45 +0000
DAILY INSIGHTS Stocks steady heading into weekend. US stocks are near flat in early trading, as investors continue to digest earnings, including a poorly received report from Netflix, which is down nearly 10%. Major US indexes are tracking toward modest … Continue reading →
Published: Thu, 16 Jul 2020 15:59:45 +0000
Economic Blog The gradual reopening of the US economy has started to lift Main Street sentiment from depressed levels, according to the Federal Reserve’s (Fed) Beige Book. Despite growing concerns about rising COVID-19 cases in several pockets of the country, … Continue reading →
Published: Thu, 16 Jul 2020 15:58:41 +0000
DAILY INSIGHTS US stocks opened lower. Markets are giving back some of Wednesday’s rally this morning following losses in China overnight and amid ongoing concerns about COVID-19 hotspots. In the United States, markets will watch earnings reports, retail sales, and … Continue reading →
Published: Wed, 15 Jul 2020 15:57:51 +0000
Economic Blog We check in again today on some of the real-time economic data that LPL Research is monitoring to provide insight into how the latest increase in COVID-19 cases and the rollback of certain reopening measures are affecting the … Continue reading →
Published: Wed, 15 Jul 2020 14:56:03 +0000
DAILY INSIGHTS US markets rallying on positive vaccine buzz. The S&P 500 Index is set to add to Tuesday’s solid gains after positive early-phase trial results for Moderna’s COVID-19 vaccine took some of the sting out of the recent surge … Continue reading →
Published: Wed, 15 Jul 2020 14:27:21 +0000
Market Blog Based on the latest polling data, there’s growing consensus that former Vice President Joe Biden potentially may win the election and Democrats possibly may sweep Congress. Some might think this could be a negative for stocks, as a … Continue reading →
Published: Tue, 14 Jul 2020 19:32:32 +0000
Economic Blog After pulling back in the first quarter of 2020, flows into bond mutual funds and exchange-traded funds (ETFs) dominated stocks in the second quarter. As shown in the LPL Chart of the Day, the second quarter is consistent … Continue reading →
Published: Tue, 14 Jul 2020 14:59:09 +0000
DAILY INSIGHTS US stocks look to rebound from Monday’s up and down day. US markets are near flat early as market participants weigh the significance of the economy likely turning the corner over the second half of the year against … Continue reading →
Published: Mon, 13 Jul 2020 16:47:24 +0000
Market Blog Here at the midpoint of 2020, we recognize that’s it’s been a very challenging year so far in the United States and around the world. Our team is here to help you navigate this environment. LPL Research’s Midyear … Continue reading →
Published: Mon, 13 Jul 2020 15:01:30 +0000
DAILY INSIGHTS U.S. stocks opened higher. US stocks continue to shrug off rising COVID-19 cases as markets focus on the strength in stay-at-home stocks (mostly technology), optimism around virus treatments, and Americans’ will to avoid locking down again. The S&P … 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.