Planning matters

Letter about KMS merger with Advisor Group

KMS Financial Services, Inc. (KMS), the SEC-registered investment advisory firm with whom Johnson Bixby is affiliated, recently announced that its parent company, Ladenburg Thalmann Financial Services Inc. (LTFS), has entered into a merger agreement with Advisor Group, Inc. (AG). Headquartered in Phoenix, Arizona, AG is one of the nation’s largest networks of independent financial advisors serving more than 7,000 advisors nationwide.

Though its owner is changing from LTFS to AG, KMS will continue to be based in Seattle with its current staff, and its name will remain KMS Financial Services, Inc.

Most importantly, this merger agreement will not affect our relationship with you as our valued client. It is important for you to know that:

  • You will continue to work with your primary planner at Johnson Bixby and our client services team.
  • Your account assets will continue to be held by the same custodian.
  • We will continue to pursue the investment strategies and financial plans we have developed together.
  • We will continue to provide you objective investment strategies and advice to help you meet your individual financial goals.

The letter that you’ve received from KMS in mid-January seeks your consent to continue your existing Investment Advisory Agreement(s) with Johnson Bixby and KMS. Regulators require that we send you this notice when there is a change in ownership of an investment advisory firm.

We very much appreciate the opportunity to serve your investment and financial planning needs, and we trust you will elect to continue our relationship by signing and sending in the consent in the postage-paid envelope included with the letter.

If you choose to ignore the first letter, a second one will arrive in about a month allowing the change to happen with negative consent. This means if you don’t respond to either, you are agreeing to the assignment. So, you are okay to sign and return the first one with a “yes” or not respond to either.

If you have questions or concerns, please do not hesitate to call our office at (360) 695-1795, or email us at connect@johnsonbixby.com

 

Written By Johnson Bixby