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LPL Financial Aquisition

LPL Financial Transition FAQ

You may have heard recently that LPL Financial Holdings Inc. and Macquarie Management Holdings, Inc. announced the signing of an agreement to jointly acquire Waddell & Reed Financial, Inc. Below you will find answers to common questions regarding this transition.

Will I need to sign anything?

  • Most accounts will transfer to LPL's platform without any additional client signatures. If a signature is needed, our team will be in contact with you to arrange for the necessary paperwork to be completed.

Will this change the automatic redemptions or contributions tied to my account?

  • No, all systematic buying and selling inside of your account will transfer over to LPL. Any banking information linked with your account will also transfer.

Will the advisory cost of working with Riverview Wealth Strategies change because of this transition?

  • No, existing advisory costs will not change.

What is going to happen to my team of professionals at Riverview Wealth Strategies?

  • While our broker dealer is changing to LPL Financial from Waddell and Reed, the Riverview Wealth Strategies team is not changing. We are excited to further expand our Riverview brand and are committed to providing the same great service. Collectively, our team of advisors has over 45 years of experience and are excited for this new opportunity.