180 North Riverview Drive, Suite 160
1. How do I continue to work with Vande Bossche Financial Planning and Wealth Management?
We will be reaching out to each of you individually to gather information to prepare your account transfer paperwork. Once your account transfer paperwork is signed and submitted, your portfolio assets will transfer to LPL “in-kind.” This means your exact account holdings will transfer over “as is” into your new accounts at LPL and will not be a taxable event. Once your portfolio has transferred, we will schedule an onboarding meeting with you to introduce you to our new and enhanced reporting system, our interactive planning software, and your greatly improved client website.
2. How will the transition benefit me as a client?
Not only will you benefit from the strong backing of a leading financial services company and the largest independent broker/dealer in the nation**, LPL, but you will also benefit from a more comprehensive and in-depth financial planning software, one that gives you the ability to interact in real time with your own plan.
Additionally, we now have access to a more comprehensive wealth management platform, one that will allow us to pick from a greater range of products and investment strategies that will benefit our clients.
Lastly, you will have access to LPL’s cutting-edge technology through their online portal where you can view and interact with your investment accounts.
3. Why did you leave your prior firm?
Northwestern Mutual is a good company and one that helped us build our business that we have today. We have nothing but respect for Northwestern Mutual as a firm. Ultimately, our decision came down to a few key components.
As a planning-focused firm, we wanted to be able to be more hands-on and have more control over the planning tools and software that we offer our clients. This new affiliation with LPL allows us to hand-select the technology interfaces that we use, specifically when it comes to comprehensive financial planning. This means we can now confidently offer our clients what we feel is the best planning software available in the industry.
After much research into finding a firm that will provide us optimal support, an expanded range of investments, and aligns with our goal to provide the best possible service, we feel LPL is the best fit. The enhanced platform offered through LPL will enable us to be more efficient, flexible, and responsive with our clients’ portfolios.
4. Will my experience with Vande Bossche Financial Planning and Wealth Management be the same moving forward?
The team you have known and trusted, some of you for many years, will remain the same. Our dedication to our clients is our continuous focus.
You will experience an upgrade in your online and technological interfaces with our firm. You will have the benefit of an enhanced client website, a more personalized reporting system, and an interactive financial planning tool that will allow you to better track your progress with your financial goals.
5. I have an advisory account. Will my advisory fee increase as a result of this transition?
Your advisory fees will remain the same. Since we now have access to a platform that offers a greater selection of low-cost investment solutions, your overall cost could actually decrease.
6. Who is LPL?
LPL was formed in 1989 through the merger of two small brokerage firms, Linsco and Private Ledger. It was designed as an alternative to traditional Wall Street firms.
After more than 30 years in the business, LPL has become the # 1 independent broker/dealer in the United States**. It is home to over 18,000 financial representatives and has over 800 financial institution partnerships. They hold over $1 trillion in brokerage and advisory client assets and represent over 6 million client accounts.
Being the largest independent broker/dealer in the nation comes with unique benefits that you will realize. LPL can provide security and stability for our practice. Last year alone, LPL invested over $160 Million in technology. They have spent progressively more and more each year on technology in an effort to offer their advisors and clients enhanced capabilities, new services, and better support.
LPL also invests heavily in cyber security and data privacy to keep us and our clients protected, and this is an area that will only become more important and necessary in the future. They employ 800 risk and compliance experts as well as 100 dedicated cyber securities experts on staff.
LPL has no proprietary products and allows their advisors access to hundreds of different advisory models and investment products, therefore allowing our team to make recommendations based on objective research and our clients’ specific goals
Numbers aside, LPL’s value-driven mission and belief that a better investment experience begins with independent and objective advice is at the core of why we chose LPL for our business.
**As Reported by Financial Planning Magazine, June 1996-2021, based on total revenue.
The financial professionals with Vande Bossche Financial Planning are registered with, and securities, financial planning, and advisory services are offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC.