Simplified at Every Step

We’re making onboarding simple. We’ve already completed preliminary reviews of your outside business activities, DBA, stationery, and website. Your Conversion Consultant will provide you with just a few additional onboarding documents (examples include an Advisor Public Disclosure, direct deposit, and technology forms) to complete and get you on your way. If we need any additional information from you, we’ll let you know.

We have several opportunities lined up for you over the next several months to learn more about the transition, our tools and resources, and how you will do business at LPL once you’re here.

Please note: Some courses must be completed prior to your license transfer to ensure access to critical systems when you join. We’ll let you know which courses are mandatory and the due date for each.

We’ll review how Waddell & Reed’s products, including Ivy Funds and their advisory platforms, will map to LPL so you’re confident when you begin talking to your clients.

Make sure your current client information is as clean as possible. We suggest closing out zero-balance accounts, clearing debit balances, and updating stale or missing data. You should also identify and track those clients who have special features like checkwriting, RMDs, and margin/option trading so there is no interruption in their experience.

LPL will facilitate the transfer of your licenses and registrations as well as the majority of your accounts electronically so that you don’t have to. Your Conversion Consultant will let you know about any accounts that can’t move electronically and will work with you to move them quickly and efficiently.

Once your license transfer is complete, you’re live with LPL and ready to conduct business! Your Transition Team will provide ongoing assistance over the next 60 days to ensure you have the support you need.

We’ve taken the stress out of typical repapering by removing the need to obtain a signed new application for the majority of account types. We’ll still need to collect some data from you, but we’ve made that easy too.

For any accounts that do require a client signature, you’ll be able to leverage our fast and efficient DocuSign technology.

Leverage our tools and technology to set up efficient workflows to reduce time spent on operational tasks.