As an independent hybrid RIA firm registered with the SEC, Financial Management, Inc. uses a variety of custodians to hold, safeguard, and maintain accounts for their clients. These custodians vary in their services and niches, but mostly perform functions as trading, tax reporting, client statements, online access, distributions and other administrative services. FMI clients receive a client statement from the custodians that hold their accounts and all financial transactions run through the custodian, rather than FMI holding their client’s money in an FMI account. We manage the portfolios, and the custodians perform the administrative tasks and maintain the funds in your accounts.
Our Affiliation with LPL Financial Services
LPL Financial Services is one of the United States' largest organizations of independent financial representatives. Today, LPL Financial is America's No.1 independent brokerage firm* -- with more than 17,000 financial advisors nationwide. LPL Financial advisors invest or manage $230 billion every year in brokerage products and advisory programs.
LPL Financial Services has unbiased, independent research on individual stocks, bonds, mutual funds, annuities and investment managers across every asset class.
*As reported by Financial Planning magazine, June 1996-2016, based on total revenue.