Need to end your LPL Wealth Management program? A “Sample Letter To Terminate Lpl Wealth Management Program” is what you need. It’s a formal way to tell LPL you’re ending your advisory relationship. People use it when they want to manage their investments differently.
Writing this letter can feel daunting. Where do you even start? Don’t worry, we’ve got you covered.
We’re sharing letter templates and examples here. These samples make writing your termination letter easy. Use our resources to craft your own perfect letter.
Sample Letter To Terminate Lpl Wealth Management Program
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
[Date]
LPL Wealth Management
[LPL Address]
**Subject: Termination of Wealth Management Program**
Dear LPL Wealth Management,
This letter serves as formal notification that I am terminating my participation in the LPL Wealth Management program, effective immediately.
Please discontinue all management activities related to my account.
I request written confirmation of this termination and instructions on how to transfer my assets.
Thank you for your services.
Sincerely,
[Your Signature]
[Your Typed Name]
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How to Write Letter To Terminate Lpl Wealth Management Program
Subject Line: Ensuring Clarity from the Outset
- Begin with a straightforward subject line. It should unequivocally state your intent.
- Example: “Termination of LPL Wealth Management Program – Account [Your Account Number]”
- Conciseness is paramount; avoid ambiguous phrasing.
Salutation: Addressing the Right Person
- Identify the appropriate contact person. This might be your financial advisor or an LPL administrative contact.
- If unsure, a formal salutation such as “Dear LPL Wealth Management Team” is acceptable.
- Maintain a professional tone; avoid overly familiar greetings.
Introduction: Declaring Your Intentions Unequivocally
- Clearly articulate your decision to terminate your participation in the LPL Wealth Management Program.
- Reference your account number and any pertinent identifying information.
- State the desired effective date of termination. This provides a tangible timeline.
Body: Delineating the Specifics
- Provide explicit instructions regarding the disposition of your assets. Will you be transferring them to another institution, liquidating them, or maintaining them under a different LPL arrangement?
- If transferring, furnish the name of the receiving institution, account number, and contact information for their transfer department.
- Specify any residual fees or charges you anticipate and how you wish to settle them.
- Consider briefly mentioning your rationale for terminating, though this is optional and should be tempered with diplomacy.
Confirmation and Acknowledgement: Setting Expectations
- Request a written acknowledgement of your termination request. This provides a paper trail and confirms receipt.
- Inquire about any necessary paperwork or procedures required to effectuate the termination.
- Express your availability to cooperate fully with the termination process.
Closing: Maintaining Professionalism to the End
- Use a formal closing, such as “Sincerely” or “Respectfully.”
- Include your full name, address, phone number, and email address for verification purposes.
- This section is often overlooked, but it is crucial for ensuring they can reach you if needed.
Review and Dispatch: Finalizing Your Letter
- Thoroughly proofread your letter for any errors in grammar, spelling, or factual information.
- Consider having a trusted individual review the letter before sending it.
- Send the letter via certified mail with return receipt requested. This provides irrefutable proof of delivery.
- Retain a copy of the letter for your records.
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Frequently Asked Questions: Terminating Your LPL Wealth Management Program
This section provides answers to common questions regarding the process of terminating your LPL Wealth Management program. Understanding the steps involved can help ensure a smooth and efficient transition.
What is the best way to formally terminate my LPL Wealth Management program?
The most effective way to terminate your program is by sending a formal written notification, preferably via certified mail, to ensure proof of delivery.
What information should I include in my termination letter?
Your letter should include your full name, account number(s), a clear statement of your intent to terminate the program, and the effective date you wish the termination to take effect.
Are there any fees associated with terminating my LPL Wealth Management program?
Refer to your LPL account agreement or contact your financial advisor to understand any potential fees or penalties associated with early termination.
What happens to my assets after termination?
Following termination, you will need to instruct LPL on how to handle your assets, such as transferring them to another institution or liquidating them.
How long does it take to process the termination?
The processing time can vary, but it typically takes several business days to a few weeks. Follow up with LPL to confirm the status of your request.