Broker Check

Frequently Asked Questions

We are excited to announce that we have established our new practice, Katz Wealth Advisors of LPL Financial. With this exciting change, our core commitment remains the same: to work with a select group of clients in order to help them achieve their long term financial goals by providing top tier service and advice. We are excited to be able to continue to serve you and your families through our new partnership with LPL Financial.

1. Why did you choose to change custodians and affiliate with LPL Financial?

We chose to partner with LPL Financial to deliver an improved experience to our clients—an experience that is rooted in sophisticated technology, financial planning, and robust investment services and support. Most importantly, LPL has a company culture of supporting the advisor to serve in the best interests of the client, and that really resonates with us.

2. What will be asked of me?

Once we speak by phone and collect some personal information, we will be able to send you a few simple pages to sign. For those that prefer, we now have robust electronic-signature capability through DocuSign, which is a major improvement. Once we have received those, everything transfers automatically in the background over a few business days.

3. Will your investment process change?

For as long as we have been your advisors, our business strategy and investment process has remained the same: to focus on customized portfolio strategies, asset allocation, and disciplined rebalancing that match your families’ objectives. You can expect honest, direct, and confidential advice.

Our new partnership with LPL Financial will allow us to continue to provide this high level of service. Further, wth LPL we have access to thousands of other options and tools—from a simple CD to more complex tax savvy managers. It’s nice to know that as the investment world evolves, LPL will have solutions.

4. Will moving my investments to LPL Financial cause a taxable event for me?

No, you will not incur a taxable event. The process of transferring to LPL is very streamlined, and there will be no sale of assets during the transition. Our goal is to ensure that this process is as easy and simple for you as possible. Please know that if you incur any administrative fees from the old firm during the transition, LPL will automatically reimburse you for these fees.  

5. What is LPL Financial?

LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader in the markets we serve,* supporting nearly 20,000 financial advisors, and approximately 800 institution-based investment programs and 500 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor.

At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients. *Top RIA custodian (Cerulli Associates, 2020 U.S. RIA Marketplace Report); No. 1 Independent Broker-Dealer in the U.S (Based on total revenues, Financial Planning magazine 1996-2021); No. 1 provider of third-party brokerage services to banks and credit unions (2020-2021 Kehrer Bielan Research & Consulting Annual TPM Report); Fortune 500 Company as of June 2021.

LPL and its affiliated companies provide financial services only from the United States.

6. Are your Financial Professionals licensed as fiduciaries?

Yes, our financial professionals are securities licensed and follow a fiduciary standard. Jeffrey Katz is also a CIMA® - Certified Investment Management Analyst®.

7. If I transfer my assets, where will they be held, and how safe will they be?

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 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 $750,000,000 subject to conditions and limitations. The account protection applies when an 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.
Learn more about LPL Financial here.

8. How do I log into my account?

As soon as your account has been transferred to LPL Financial, our office will contact you with instructions to enroll in the online portal.

9. 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 here

10. Do you have an office? How can I reach you?

We would love to hear from you! We are also happy to meet you where you are located. View contact details here.

We hope that this has helped clarify what this exciting development means for our ongoing partnership with you, and we look forward to continuing to help you in accomplishing your long term financial goals. As always, please do not hesitate to reach out if you have any questions.