The purpose of this week’s letter is to update you on the transition of our firm to LPL Financial. In 2025, Commonwealth was purchased by LPL. As a result, in August, LPL will be sending you advance notice of the conversion of your Commonwealth accounts to LPL accounts. You will receive a negative consent letter (“NCL”) and a significant amount of disclosure materials.
If you do NOT receive electronic statement delivery, the total amount of paper included in this mailing is expected to be more than 100 pages. Instead of receiving these materials in paper form, LPL can provide them to you via email. The email would contain links to the disclosure materials. Receiving these materials electronically may be very helpful if you want to access them for future reference. Please note the following regarding email delivery:
- An NCL that includes links to required disclosures would be sent to you via email. You will need access to the internet and the appropriate software to view, download, and retain these electronic documents.
- There may be costs associated with email (such as internet service charges or software costs), which are your responsibility.
- Consent will apply only to the delivery of the NCL and related disclosures.
- You have the right to revoke your consent to electronic delivery at any time. If you revoke your consent, we will provide the NCL and disclosures in paper form.
- By consenting, you acknowledge that you can access and retain the documents in electronic form—including the ability to download or print them for your records.
Are you interested in receiving the NCL via email? If yes, please email our office with the following message: “I consent to receiving the NCL via email.” If you prefer to receive paper, no action is required.
Joseph III, our summer intern, will be reaching out to those of you receiving paper statements to share this information and record your consent, if provided.
We look forward to continuing to assist you with your financial and investment needs. If you have any questions regarding the transition to LPL, please feel free to contact Joe Sr (jlowrysr@lowryandlowry.com), Joe Jr. (jlowryjr@lowryandlowry.com), or Cale (cale@lowryfinancialadvisors.com) . As always, thank you for your trust.
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