{"id":4925,"date":"2018-03-20T17:59:47","date_gmt":"2018-03-20T22:59:47","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4925"},"modified":"2022-04-03T16:07:29","modified_gmt":"2022-04-03T21:07:29","slug":"goldman-sachs-gives-lpl-financial-holdings-clients-access-securities-lending","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/goldman-sachs-gives-lpl-financial-holdings-clients-access-securities-lending\/","title":{"rendered":"Goldman Sachs Gives LPL Financial Holdings Clients Access to Securities Lending"},"content":{"rendered":"<p>\t\t\t\tLPL Financial Holdings (LPLA) brokers and investment advisers will now be able to offer their clients securities lending services through Goldman Sachs (GS). Under the new arrangement, LPL clients can borrow anywhere from $75,000 to $25 million against the securities held in their accounts.<\/p>\n<p>In a press release, Goldman Sachs spoke about how through its Goldman Sachs Private Bank Select, LPL clients would be able to borrow these funds for \u201clife events,\u201d including travel or education, without having to sell their investments. However, the money borrowed cannot be used to purchase more investments. Goldman noted that its \u201chigh-tech platform\u201d would be able to reduce wait time for a non-purpose securities- based loan from weeks to days, with no fees charged.<\/p>\n<p>Over 15,000 LPL financial advisors will now be able to offer clients access to Goldman\u2019s securities lending capabilities. The independent investment advisory firm joins 40 other such firms and broker-dealers on Goldman\u2019s GS Select platform.<\/p>\n<h2><strong>Securities Lending Comes with Significant Risks<\/strong><\/h2>\n<p>The ability to borrow against securities is often touted as a benefit to investors. However, securities lending may not be the best choice in the long run for many investors. While such loans allow clients to borrow against what is in their accounts, certain risks come with this advantage, including forced liquidation of accounts during bad market moves.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/goldman-sachs-gives-lpl-financial-holdings-clients-access-securities-lending\/#more-4925\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LPL Financial Holdings (LPLA) brokers and investment advisers will now be able to offer their clients securities lending services through Goldman Sachs (GS). Under the new arrangement, LPL clients can borrow anywhere from $75,000 to $25 million against the securities held in their accounts. In a press release, Goldman Sachs spoke about how through its [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3754,3877],"tags":[3023,2610],"class_list":["post-4925","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-goldman-sachs-1","category-lpl-financial","tag-lpla","tag-securities-lending"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Goldman Sachs Gives LPL Financial Holdings Clients Access to Securities Lending | SSEK Law Firm Blog<\/title>\n<meta name=\"description\" content=\"LPL Financial Holdings brokers and investment advisers will now be able to offer their clients securities lending services through Goldman Sachs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/goldman-sachs-gives-lpl-financial-holdings-clients-access-securities-lending\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Goldman Sachs Gives LPL Financial Holdings Clients Access to Securities Lending | SSEK Law Firm Blog\" \/>\n<meta name=\"twitter:description\" content=\"LPL Financial Holdings brokers and investment advisers will now be able to offer their clients securities lending services through Goldman Sachs.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Goldman Sachs Gives LPL Financial Holdings Clients Access to Securities Lending | SSEK Law Firm Blog","description":"LPL Financial Holdings brokers and investment advisers will now be able to offer their clients securities lending services through Goldman Sachs.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/goldman-sachs-gives-lpl-financial-holdings-clients-access-securities-lending\/","twitter_card":"summary_large_image","twitter_title":"Goldman Sachs Gives LPL Financial Holdings Clients Access to Securities Lending | SSEK Law Firm Blog","twitter_description":"LPL Financial Holdings brokers and investment advisers will now be able to offer their clients securities lending services through Goldman Sachs.","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; 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