In December, LPL Holdings, Inc. (LPL Holdings) and Macquarie Management Holdings, Inc. announced an agreement whereby LPL would acquire the wealth management business of Waddell & Reed Financial, Inc. While this change is expected to be seamless for you, we want you to be aware of some of the details.
As you know, we are an independent practice affiliated with Waddell & Reed, Inc. (WRI). WRI provides support to our business as we work directly with you. After the close of the transaction and subsequent transition of our practice to LPL Financial LLC (LPL) this summer, LPL will provide similar support services.
Your financial future is our top priority
So, what happens next?
The mailing is scheduled to arrive by approximately May 21. You do not need to take any action if you plan to continue working with us.
Staying in touch
We deeply appreciate our relationship and are sincerely grateful for your patience over the next several months.
We are moving to LPL
May 10, 2021