To our Boenning & Scattergood Clients and Friends,
It is with great pleasure and excitement that we announce the signing of a definitive agreement to partner our 108-year legacy broker-dealer, Boenning & Scattergood, Inc., with LPL Financial of Boston, Mass.
LPL Financial, a NASDAQ listed firm – LPLA, is the nation’s largest independent broker-dealer, a custodian for registered investment advisors, and an independent consultant to retirement plans. It provides an integrated platform of brokerage and investment advisory services to nearly 20,000 independent financial advisors and professionals. We join them in a recently formed division for W-2 style professionals called Linsco Private Ledger.
Our agreement was signed on July 7, 2022. Closing of the transaction is scheduled to take place early in 2023, subject to meeting certain normal conditions and regulatory approvals.
Our name – Boenning & Scattergood – and the way we have been working on your behalf over these many generations / decades will not change. Shortly before we close the transaction, our clearing function will be assumed by LPL. And our statements and confirms will continue to read from Boenning & Scattergood, division of LPL Financial, which is how we will be known going forward.
As you know, at Boenning & Scattergood, our mission is to exceed the expectations of our clients, and I believe we have had great success in doing just that.
Our philosophy throughout our 108-year history has always been to follow our tradition of integrity, expertise, and a commitment to client service.
In living out our philosophy, we naturally place our clients’ interests first – we always have, always will.
At the same time, our culture and reputation as one of the longest-standing and most trusted investment firms in our region are key aspects of our identity – aspects we do not want to change.
Our association with LPL will ensure that this continues.
We look forward to continuing our service for your every investment need.
Harold F. Scattergood, Jr.
Boenning & Scattergood, Inc.