What has changed?

We have launched our new, independent wealth management firm, Alcove Private Wealth, in partnership with LPL Financial. LPL is the nation’s largest independent broker/dealer* overall, and third largest custodian of assets**, supporting over 19,000 independent advisors. As our client, you have your own considerations and priorities, so we will continue tailoring plans to your specific needs—that has not changed.

What motivated you to make the change?

You are the reason we love this work, and the reason we have made this change. As the financial industry continues to evolve, we felt an increased need for flexibility in how we serve you as our client. Our partnership with LPL allows us the independence we need to spend more time working with you and supporting your goals. As our broker/dealer, LPL provides the technology, resources, and investment choices necessary to continue the personalized experience you have grown accustomed to.

Why didn’t you tell us about this change earlier?

We would have loved to tell you sooner, but we were required to wait until after we were officially utilizing LPL Financial as our broker/dealer to avoid certain conflicts of interest. If you have any questions prior to us contacting you, please call us at 609-917-7550.

Why did you choose LPL Financial as your broker/dealer?

After careful research, we have selected LPL Financial because of their deep commitment to our clients and our business. We did not make this decision lightly and can assure you that we went through a rigorous review. We needed to find a better home for ourselves and our clients and to be supported by a culture that prioritizes clients’ needs and interests above everything else.

LPL provides comprehensive support and research within a model of transparency and dedication to independence and choice. As a leader in the retail financial advice market, we are confident that we are aligned with a firm who can match our high standards.

What should I expect during this transition?

You can expect a smooth and transparent process as we make this transition together. None of your current investments will need to be sold in the process of a transfer. We will contact you directly to discuss your account transfer, and how this change will positively impact your experience with us.

Where will my assets be held, and how safe will they be?

As a Financial Industry Regulatory Authority (FINRA) member firm, subject to the federal securities laws and the rules of industry self regulatory organizations, LPL Financial prioritizes its obligations to protect client assets in their custody with the utmost care and scrupulous adherence to financial protection rules, including those governing the segregation of client assets.

LPL provides an enormous catalog of services and resources, as well as a long history of financial stability. The LPL Financial SIPC Membership provides account protection up to a maximum of $500,000 per customer, of which $250,000 may be claims for cash. An explanatory brochure is available at www.sipc.org. Additionally, through London Insurers, LPL Financial accounts have additional securities protection to cover the net equity of customer accounts up to an overall aggregate firm limit of $600,000,000 subject to conditions and limitations. The account protection applies when a SIPC member firm fails financially and is unable to meet obligations to securities clients, but it does not protect against losses from the rise and fall in the market value of investments.

Can I keep my accounts where they are?

Yes, however we will not be able to manage the accounts since we are no longer affiliated with UBS. If you choose to keep your accounts, you will be reassigned to a different advisor.

How is my personal information protected?

To protect your personal information from unauthorized access and use, LPL Financial uses security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. LPL’s online environment uses security technologies, including layered security and access controls over personal information. For further information, please visit LPL’s Privacy/Security page at: www.lpl.com/disclosures/privacy-security.html.

Has your investment process changed?

No. In fact, because we are now an independent firm, we are no longer limited in our access to research, planning, and portfolio construction capabilities. This freedom of choice empowers us to do more for you.

What is your new website and how do I log into my account?

You can visit our new website at: www.alcoveprivatewealth.com. As soon as your account has been moved to LPL Financial, we will contact you to let you know how to enroll in Account View, which is our new client portal.

Where is your new office?

Our new office is located at 500 College Road East, Suite 230, in Princeton, NJ. You can reach us at 609-917-7550.

How did you choose your name?

An alcove is a private space where you feel comfortable and secure. This is where open, honest conversations take place and partnerships flourish.

*As reported by Financial Planning magazine, June 1996-2021, based on total revenue.
**Cerulli Associate, 2019 U.S. RIA Marketplace Report

Trust in your decisions.
Confidence in your future.
Comfort in your legacy.