Transition to new brokerage firm LPL Financial

We're excited to announce to our Investment Services clients that LPL Financial (member FINRA/SIPC) is becoming our new broker/dealer starting May 16, 2025.

Greater range of personalized services

LPL is the nation's largest independent broker/dealer, so this gives us access to a greater range of products, services and resources to serve our members' personalized needs.

Click here to learn about all the benefits in our FAQs

Same local team

This change will not affect members' investment services relationship with Oregon State Credit Union. Members will continue to work with the same local team and their fundamental investment strategy, and allocations will remain the same (in some cases, LPL may have advanced investment options that an advisor can discuss with members).

Important information to know during this transition

  • To access member information online with LPL Financial, sign up for a new online account here on or after May 16:

Sign up for an LPL Financial account

  • There will be no change to member assets but the ability to view asset information within the online account won't happen until after the transition on May 16, 2025.

  • Some account information may be delayed after May 16th but your account information will populate when it's available.

  • The first time you access the new site you will need to enter your email address, phone number, zip code and the last 4 digits of your social security number and accept the LPL Financial Terms of Use.

Learn more in our FAQs

New team name: Wealth Management

In conjunction with our migration to LPL Financial, Oregon State Credit Union's investment services team will be renamed OSCU Wealth Management.

This name better reflects the holistic nature of our services. We work with members using a planning-based approach to help with not only investment management, but also retirement income, life insurance, estate planning and more.

Although 'wealth' is in our new name, you don't need to be wealthy to benefit from our services. We have the experience to help our members plan for their financial future at any age and in all life stages.

Contact us today

If you need further assistance or have additional questions, please don't hesitate to contact us at 541-714-4296.

Frequently Asked Questions

 

What are the benefits of transitioning to LPL Financial?

As the nation’s largest independent broker-dealer, LPL offers innovative resources that enable our financial advisors to:

  • Offer an impressive range of products, services, and resources to serve our members’ personalized goals and needs.

  • Get access to independent research, so we can provide you with financial guidance that incorporates robust market insights.

  • Utilize advanced technology platforms and back-office support that provide more time for advisors to meet with members.

Will I need to take any action to access my accounts?

  • Yes, you will need to create a new online account with LPL Financial on or after May 16th. You can sign up for a new account here:

Sign up for an LPL Financial account

  • You will need to provide your email address, phone number, zip code, and the last 4 digits of your social security number.

  • You will be prompted to accept the LPL Financial Terms of Use.

How soon will I see all account information on LPL’s account view portal?

While the majority of members will see all account information in the new system shortly after May 16, there are a few account types for a small percentage of members that may take additional time to be reflected in the system. If you notice this delay, rest assured that your accounts are still in place, you’ll still receive statements for them, and you can contact your advisor at any time to make changes or ask questions about them.

Is my money safe with LPL?

Yes, LPL is a Financial Industry Regulatory Authority (FINRA) member firm and a member of the Securities Investor Protection Corporation (SIPC), providing account protection up to $500,000 per member, with $250,000 for cash claims.

Will my investments remain the same after the transfer to LPL? And will there be an opportunity to review new options?

  • Your fundamental investment strategy and allocations will remain the same.

  • Your advisor will review your investment strategy and discuss any advanced investment options available through LPL that may benefit you.

Will there be any changes to the fees associated with my accounts?

The fees associated with your accounts will remain the same for the most part. If there are any changes, your advisor will inform you and discuss them with you.

How will my account statements be affected?

You will be able to view your statements within your new LPL Financial account or you can opt to receive them by mail.

What should I expect during this transition period?

During this transition period, you will continue to receive the same level of service from your advisor. And updates or changes will be communicated to you promptly.

Can I still reach out to my advisor for financial advice and support?

Absolutely! Your advisor will continue to be your primary contact for financial advice and support. The change to LPL will not affect your ability to reach out to them.

What should I do if I have questions or concerns about the transfer?

Feel free to contact your advisor directly. They are available to help you understand the process and answer any questions you may have. You can also reach out to the Wealth Management team at 541-714-4296.

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