LPL Conversion
Exciting changes are underway.
Our Investment & Insurance accounts are moving to LPL Financial as of May 17, 2025.
We're committed to a smooth transition.
Here’s what to expect.
Transition Period
The transition period where your assets are moved to the new platform began on May 17, 2025.
Member Contact
We may reach out to you for assistance with completing the necessary forms to ensure a smooth transition.
Account Access
You may experience temporary visibility issues during the transition. Your Investments & Insurance team still has full access to your account details to service your accounts.
What this means for you.
Unchanged advisor relationship
You will continue to work with your current advisor and will have access to an enhanced platform for viewing your investment online.
Consistent investment strategies
For most Members, existing strategies and allocations will remain the same. If your account will require extra steps, your advisor will contact you to discuss options.
What this means for you.
Unchanged advisor relationship
You will continue to work with your current advisor and will have access to an enhanced platform for viewing your investment online.
Consistent investment strategies
For most Members, existing strategies and allocations will remain the same. If your account will require extra steps, your advisor will contact you to discuss options.
Frequently Asked Questions
- LPL is the nation’s largest independent broker-dealer.
- LPL offers access to an impressive range of products, services, and resources to 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.
- You’ll work with your advisor as you always have. Only the broker/dealer is changing to LPL Financial.
- As the nation’s largest independent broker-dealer, LPL offers innovative resources that enable your advisor to continue providing you with personalized services, such as:
- Independent research, to continue to provide you with personalized financial guidance.
- Advanced technology platforms and back-office support to give you even more personalized service.
- 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 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 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.
- CUSO Financial Services will move to LPL officially on May 17th, 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.
- 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.
- We would like to confirm your email address and get your approval to provide electronic communication.
- 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 and we’ll share more information with you 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 we can discuss after your accounts move.
- LPL will receive assets on May 17th, 2025.
- Please note you will be able to continue to conduct all of your business with your advisor per usual during this entire timeframe.
- There is no cost whatsoever to you.
- This will not affect your relationship with your advisor in any way. You can count on them 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 we can discuss after your accounts move.
- Once LPL is the new broker/dealer, your advisor 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.
Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CUSO Financial”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CUSO Financial: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CUSO Financial. Columbia Credit Union has contracted with CUSO Financial to make non-deposit investment products and services available to credit union members. Atria Wealth Solutions, Inc. (“Atria”) is a modern wealth management solutions company and is not a Registered Investment Advisor or broker-dealer. Investment products, services and advice are only provided through CUSO Financial, a subsidiary of Atria.
Registered representatives are registered to conduct securities business and licensed to conduct insurance business in limited states. Response to, or contact with, residents of other states will be made only upon compliance with applicable licensing and registration requirements. The information in this website is for U.S. residents only and does not constitute an offer to sell, or a solicitation of an offer to purchase brokerage services to persons outside of the United States.
Columbia Credit Union (the credit union) provides referrals to financial professionals of CUSO Financial Services, L.P. pursuant to an agreement that allows CUSO Financial to pay the credit union for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The credit union is not a current client of CUSO Financial for brokerage or advisory services. Visit ColumbiaCU.org/relationship-disclosure for complete details.