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Important Update Regarding the Transition of Your Wealth Account(s)

Sent on May 31, 2022

With less than one week until we begin transitioning client assets to BNY Mellon | Pershing on June 6, 2022, we want to provide a few key updates.

June Distributions 
  • If you have scheduled distributions during the month of June, you will receive payment tomorrow - June 1, 2022. 
  • Please contact us as soon as possible if you anticipate making any contributions or have other cash needs during the transition period. We will try our best to accommodate any requests.
Transition Details
  • We expect to complete all transfers around June 23, 2022. Your wealth account(s) will be transferred during this timeframe and should take an industry standard of 7-9 days to transition. 
  • Your account(s) will be frozen two business days before we initiate the transfer to BNY Mellon | Pershing. This could be as soon as June 2, 2022 for accounts that are initiated on June 6, 2022. 
  • This means your account(s) will be frozen from trading and any transactions until live at BNY Mellon | Pershing. 
  • Visit our client resource page for more information on the transition.
Next week we will share additional details on your new custody statements and how to access historical data after the transition. In the meantime, please feel free to contact us if you have any questions. We appreciate your patience and trust as we enter the final phase of the transition.