Broker Check

LPL Transition: FAQ

Who is LPL?

LPL Financial was formed in 1989 through the merger of two small brokerage firms, Linsco & Private Ledger (founded in 1968 and 1973, respectively).

By merging these two companies, the founders of LPL sought to create a trusted alternative to Wall Street firms, one in which financial advisors could build highly competitive businesses while always doing what is right for their clients. Today, they are the largest independent broker/dealer in the country* supporting more than 16,000 financial advisors.

* As reported in Financial Planning magazine June 1996-2020, based on total revenues

Where is LPL Located?

There are four main offices of LPL:

Austin, TX

Boston, MA

Fort Mill, SC / Charlotte, NC

San Diego, CA

Your Bridgetown Wealth Management Team can still be found in Portland, OR at:

700 NE Multnomah St. 

Suite 820

Portland, OR 97232


Do I need to do anything to move my accounts to LPL?

Most likely no. There will be a small number of accounts that require some degree of new paperwork. Your team at Bridgetown Wealth Management will reach out to you directly if your accounts require new paperwork to be completed. 

Most accounts will transfer over automatically. 

When will the transition take place?

The transition of your accounts will officially take place on 7/24. Over that weekend, your online access will be limited. Beginning Monday, 7/26 you should be able to formally see your accounts through LPL's client account website, Account View. Please try to attend our last Town Hall webinar on 7/21, where we will have a demo of what to expect once you're able to access Account View. 

Click HERE to register in advance!

Will my fees change?

No. Whatever your fee structure is currently, will remain through the transition. Ivy and Pershing currently bill on a monthly basis. Once we're at LPL, you'll notice a shift to quarterly billing. The first of which will take place in August. 

Nothing regarding your current fee structure will change due to the transition to LPL.

Will my risk tolerance change due to the transition?

No. That is a fundamental decision that must be made by you and your advisor. This transition will not impact your risk tolerance. If you'd like to adjust your risk tolerance, please don't hesitate to reach out to your advisor to schedule a meeting. 

If I have an annuity, will anything change with my contract?

No. If you currently maintain an annuity with Securian, Brighthouse, Jackson, Lincoln, or any other carrier, your contract will remain at that carrier.

I currently have a Wealth Management Website (WealthLink). Is that going away?

No. If you currently utilize your Wealth Management Website, please continue to do so! We're pleased to announce that we'll be able to maintain this functionality for our clients. This is an invaluable tool to financial planning, and we appreciate your willingness to utilize this robust software.