Welcome LPL Financial

LPL is the nation’s largest independent broker-dealer.* LPL offers access to an impressive range of products, services, and resources to help your advisor provide you with personalized service. By investing heavily in innovative technology and automation, LPL makes it easy for your advisor to spend more time helping you pursue your financial goals.

Our relationship will not change. Our financial advisors will continue to be your primary contacts. The broker/dealer is simply changing to LPL Financial.

• As the nation’s largest independent broker-dealer, LPL offers innovative resources that enable me to continue providing you with personalized service, such as:
  • Independent research for personalized financial guidance.
  • Advanced technology platforms and back-office support that frees up advisor’s time to give you even more personalized service.

LPL has the same regulatory and protection requirements as CUSO Financial. LPL is a Financial Industry Regulatory Authority (FINRA) member firm, subject to federal securities laws and the rules of industry self-regulatory organizations. LPL is also a member of the Securities Investor Protection Corporation (SIPC), which provides account protection up to $500,000 per member, of which $250,000 may be claims for cash. An explanatory brochure is available at www.sipc.org. LPL Purchases $1 billion of excess SIPC insurance that provides additional protection for LPL accounts to cover aggregate net equity (of all member accounts), subject to conditions and limitations. The account protection applies when an SIPC member firm fails financially and is unable to meet obligations to securities members, but it does not protect against losses from the rise and fall in the market value of investments.

LPL will reimburse you for 100% of realized losses in your impacted LPL accounts, which were incurred directly as a result of unauthorized access to an LPL system.

CUSO Financial Services will move to LPL officially on or about May 17, 2025.

Depending on the account type, you may be required to sign a new agreement with LPL. Once the accounts convert, you will be notified if you need to sign a new agreement. The process is relatively easy and can be done via electronic signature or by hard copy if desired. Please contact your advisor and confirm your contact information.

For existing advisory accounts moving to LPL, the overall advisory fee to the member will be the same as the current advisory fee. The Brokerage Fee Schedule will be provided in a future mailing you will receive, and will apply to all brokerage accounts.

Contact your advisor to confirm your email address so that you can receive future electronic communications. You may wish to consider receiving your statements electronically, or you may prefer to continue receiving your statements on paper in the mail. You will be able to make this choice upon the conversion date.

You will access your account information through Account View. More information will be shared closer to the conversion date.

There should be no tax implications with the movement of accounts. Your accounts will be transferred to comparable products at LPL. However, we would recommend you consult your tax professional for further information.

Your fundamental investment strategy and allocations will remain the same for the most part. In some cases, LPL may have advanced investment options that may be available to you after your accounts move.

LPL will receive assets on May 17, 2025. Please note that you will be able to continue to conduct all your business with your advisor per usual during the entire time frame.

There is no cost whatsoever to you.

This will not affect your relationship with our Investment Center in any way. You can count on us to continue to provide the level of service you expect. Your fundamental investment strategy and allocations will remain the same for the most part. In some cases, LPL may have advanced investment options that may be available to you after your accounts move. Once LPL is the new broker/dealer, our advisors may be reaching out to ask you to sign a new agreement with LPL. The process is relatively easy and can be done via electronic signature, or by paper if desired.