Catt Wealth Consulting joins LPL Financial

As your advisor, I work for you. My only goals are your goals. I owe my loyalty to you alone. But to conduct business on your behalf I need a Broker-Dealer/Registered Investment Advisor (BD/RIA) to process the transactions I place for you.

I see Catt Wealth Consulting as a community. Almost every client was referred by another client, and many of you have engaged your children as clients. So, my focus has been on striving to sustain your wealth over your lifetime and on to the next generation if that is your goal. I am not only your financial advisor; I am your advocate.

In 2012, I left VALIC because I felt I could no longer serve your needs with the tools, products and policies they offered to me. I will always be grateful to Cambridge Investment Research for offering me true independence and access to a broad array of investments to serve your needs. Over time, my knowledge of your needs has only deepened, and so I have re-evaluated yet again. Some of the things I desired for you, Cambridge could not provide. That is why I have decided to move to LPL Financial*, and I am inviting you to join me.

*The initials LPL stand for Linsco and Private Ledger, the two firms that merged in 1989 to form LPL Financial.

Why LPL?

1. One online log-in for all your account needs. Whether retrieving tax documents, reviewing a transaction, checking performance, or using financial planning tools, it is all on one easy-to-use portal built with your needs in mind. Never again will you confuse user IDs and passwords for three different systems, because you will have only one. One user ID and password to unlock all the information you need.

2. LPL is self-clearing. This means that LPL advisors still have an outside custodian, but that custodian is exclusive to LPL. In other words, LPL advisors are not competing with other firm’s advisors for the custodian’s attention. That enables LPL advisors to resolve account issues much faster and with less tedious bureaucracy.

3. The streamlined efficiency of a single, technologically current platform. LPL’s Clientworks is a client recordkeeping system built by advisors for the purpose of serving clients. Clients can be grouped by households and all the money in all their accounts can be aggregated for fee purposes regardless of where the assets are housed. This means your advisor and staff can spend less time fiddling with software that has more patches than a granny quilt, and more time on your financial needs.

Next Steps

Both Cambridge and LPL belong to a BD/RIA Protocol that allows me to invite you to move to my new firm. If you are a current client, I have evaluated your investment program at Cambridge and have found you an equally effective and cost-efficient program at LPL. In addition, LPL has generously provided funds to cover the cost of the Automated Clearinghouse Account Transfer (ACAT) for each of your accounts. (ACATs cost about $125 per account.) We can cover the ACAT fee as long as you make your decision to move by December 15, 2024.

In fact, we are covering the cost of all ACATs for any client signing up between now and December 15th. So, if you have family members or friends who have been considering a move to a more attentive advisor, now would be the time for them at contact us.

If you are a current client, you may have received a large green envelope from us. Included was an individual sheet pertinent to your own investments. It outlines my new fee structure and the portfolio I am recommending for you at LPL. Please read the sheet prepared especially for you, and then call, email, or return your reply card to us, so we may begin your paperwork.  Contact numbers are below. We look forward to hearing from you soon.