I recently met a Financial Advisor through my local credit union. The Advisor says that his securities license is held by a LPL Financial. I looked into this firm and seems like they are decent in the Financial Services industry.
What I am wondering is that, if ever there is a situation that I invest thru LPL financial and they go out of business, will I get my investments liquidated back to me ? How does that work ?
I may be over thinking this but I am just not sure how this works.
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