Broker Check

We are moving to LPL

May 10, 2021
Share |

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
Our primary focus and core philosophy is to always act in your best interest. We sincerely value your steadfast dedication and will continue to serve your financial interests.

So, what happens next?
You will receive a large mailing packet – up to 100 pages -- for each of your Waddell & Reed accounts. We understand that the sheer bulk of this regulatory-driven mailing may feel overwhelming, and we regret that it could not be delivered electronically. The packet will include information about your accounts converting to LPL and will outline equivalent investment products offered through LPL as compared to your current holdings.

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 will keep you up to date during the transition to LPL. As always, we are happy to answer any questions you may have.

We deeply appreciate our relationship and are sincerely grateful for your patience over the next several months.

Sincerely,