The purpose of this letter is to notify you of an upcoming change. On August 15th, 2017, it was announced that the assets owned by our Broker-Dealer, National Planning Corporation (“NPC”) have been purchased by LPL Financial LLC (“LPL”). LPL is the largest independent Broker-Dealer in the country.
After reviewing several options, we have chosen to affiliate with LPL as our new Broker-Dealer. The transfer of your account(s) with us will occur on or near December 1st, 2017 at no cost to you. On or around October 16th you will be receiving information regarding the transfer of your account(s) and your options in this transfer. Please review this letter but note that there is no affirmative action needed from you unless you choose to not have your accounts transfer with us to LPL. We will communicate with you more in the future with the timeline and anything that we may need you to do to affect a smooth transition of your accounts.
We are excited about new planning tools and the enhancements we believe LPL will provide to your experience as a client of Southwest Investments. We take seriously the trust and confidence you have placed in us over the years. We remain committed to providing you with the high level of service you are accustomed to receiving from all of us here at Southwest Investments and that will not change. Please call our office if you have any questions or concerns and, again, we will be in contact with you with more information as it arises.