Lincoln Investment

Lincoln Investment is an SEC‑registered investment adviser and broker‑dealer with roughly $18.9 billion in assets under management and a network of nearly 900 advisors, serving individuals (including high‑net‑worth clients), employers and retirement plan participants, charitable organizations and corporations, as well as other registered investment advisers and trust companies. The firm provides a range of services including financial planning, advisor‑managed custom portfolios, Lincoln‑managed model portfolios, access to third‑party managers, ERISA retirement plan advice, and brokerage and insurance product sales (including commissionable transactions where applicable).

Clients receive advice through a mix of advisor consultation and programmatic management: offerings include advisor‑managed model and custom portfolios, Lincoln’s in‑house Asset Management Programs, and third‑party managed strategies, with accounts serviced on discretionary or non‑discretionary bases. Lincoln’s Investment Management & Research team oversees in‑house Strategic and Adaptive Intelligence (AIM) model portfolios that use quantitative screening, third‑party sub‑advisers and neural‑network informed tools, and the firm reported $10.84 billion in non‑discretionary advisory assets versus $8.87 billion in discretionary assets as of December 31, 2024.

Compared with many peers, the firm combines advisory and brokerage operations and discloses arrangements that give it custody or custody‑like access to certain client assets (with related surprise exam requirements), omnibus clearing and custodial relationships (e.g., Pershing and prior omnibus clearing through Matrix/SS&C), and a sweep program tied to BNY Mellon/Pershing products that generates third‑party revenue. Other distinguishing operational features noted in the brochure include advisor outside activities (some advisors are licensed attorneys or engage in real estate), promoter/co‑adviser relationships with third‑party managers, and ongoing business with bank and institutional counterparties.