Press release

Lincoln Financial Network Offers New Digital Lending Solution Through Goldman Sachs Private Bank Select

Sponsored by Businesswire

Lincoln Financial Network (LFN), the retail wealth management affiliate
of Lincoln Financial Group (NYSE:LNC), today announced a new agreement
with Goldman Sachs Private Bank Select® (GS Select™) to offer
its securities-based lending solution to LFN advisors and their clients.
This digital platform expands the services advisors can recommend across
their clients’ entire balance sheet.

GS Select is an online loan origination and servicing program that
simplifies the application and borrowing process. It combines technology
with personalized support to allow advisors to provide clients access to
liquidity for major life events – including tuition, home purchases and
renovations, bridge financing and start-up funding. GS Select uses
diversified, non-retirement investment assets in a client’s pledged
account as collateral.

“LFN is committed to investing in advanced market solutions, products
and platforms to help our advisors best serve their clients,” said David
Armstrong, vice president of investment products and platforms at
Lincoln Financial Network. “Adding GS Select to our diverse portfolio of
services will enhance our advisors’ growing capabilities and resources.”

“The GS Select lending solution gives advisors the ability to help their
clients meet their planned and unplanned liquidity needs through our
flexible, timely and transparent platform,” said Whit Magruder, managing
director at Goldman Sachs and head of GS Select. “We are excited to work
together with LFN to provide their advisors and clients with GS Select.”

About Lincoln Financial Group

Lincoln Financial Group provides advice and solutions that help empower
people to take charge of their financial lives with confidence and
optimism. Today, more than 17 million customers trust our retirement,
insurance and wealth protection expertise to help address their
lifestyle, savings and income goals, as well as to guard against
long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln
Financial Group is the marketing name for Lincoln National Corporation
(NYSE:LNC) and its affiliates. The company had $253 billion in assets
under management as of March 31, 2019. Lincoln Financial Group is a
committed corporate citizen included on major sustainability indices
including the Dow Jones Sustainability Index North America and
FTSE4Good. Additionally, Lincoln is dedicated to upholding a diverse and
inclusive organization and was recognized by Forbes as one of the Best
Large Employers, Best Employers for Diversity, and Best Employers for
Women and received a perfect score of 100 percent on both the Corporate
Equality Index and Disability Equality Index. Learn more at:
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About Lincoln Financial Network

Lincoln Financial Network is the marketing name for the retail sales and
financial planning affiliates of Lincoln Financial Group and includes
Lincoln Financial Advisors Corp. and Lincoln Financial Securities Corp.,
both members of FINRA and SIPC. Consisting of approximately 8,900
representatives, agents, and full-service financial planners throughout
the United States, Lincoln Financial Network professionals can offer
financial planning and advisory services, retirement services, life
products, annuities, investments, and trust services to affluent
individuals, business owners, and families. Lincoln Financial Group is
the marketing name for Lincoln National Corporation (LNC) and its
affiliates. Find us on LinkedIn,
and YouTube.

About Goldman Sachs Private Bank Select®

GS Select currently works with over 100 RIAs and Broker-Dealers
supporting tens of thousands of financial professionals as they work to
meet the financial needs of their clients. GS Select builds upon the
extensive lending expertise of Goldman Sachs’ Private Bank and offers
digital securities-based lines of credit as a liquidity solution for all
kinds of client cash needs. Learn more on LinkedIn and

Goldman Sachs Private Bank Select: Loans are offered by the Salt Lake
City branch of Goldman Sachs Bank USA (GS Bank), a New York
State-chartered bank and a wholly-owned subsidiary of The Goldman Sachs
Group, Inc. GS Bank is a member of the Federal Reserve System and Member
FDIC. Goldman Sachs Private Bank Select is a business of GS Bank.
Securities based loans may not be suitable for all loan parties (e.g.,
borrowers, pledgors, and guarantors) and carry a number of risks,
including but not limited to the risk of a market downturn, tax
implications if pledged securities are liquidated, and the potential
increase in interest rates. If the value of pledged securities drops
below certain levels, loan parties may be required to pay down the loan
and/or pledge additional securities. The risks are described in the
Product Guide and FAQs available upon request. You should consider these
risks and whether a securities based loan is suitable before proceeding.

This is not a commitment to lend. Credit qualification and collateral
are subject to approval. Additional terms and conditions would apply.
Products, rates, qualifications, and terms and conditions are subject to
change in GS Bank’s sole discretion and without notice.

© Copyright 2019 Goldman Sachs, All Rights Reserved. Goldman Sachs
Private Bank Select is a registered trademark of Goldman Sachs & Co. LLC.