I’ve received a number of calls about the recent proxy letters many of you have gotten, so I wanted to send a quick note to clarify what they are and what (if anything) you need to do.
The wording in these letters can sound urgent, but please know you are not required to take any action.
Here’s a quick overview of what’s happening:
- Mutual fund companies are required to contact shareholders from time to time to request votes on routine business matters.
- These mailings, called proxy requests, may include information such as annual reports or board elections.
- While the letters are legitimate, the language can feel alarmist. Your investments are not affected if you choose not to respond.
- Below is an optional form called the Information Disclosure Objection (IDO). Completing this form tells LPL not to share your personal information (name, address, share count) with fund companies for nonessential mailings such as newsletters, interim reports, or follow-up calls. Submitting the form may help reduce the number of these mailings in the future.
- Download the “Opt-Out” form: Information Disclosure Objection
If you prefer to receive proxy materials electronically rather than by mail, you can update your delivery preferences by following these steps:
- Log in to your LPL Account View at: www.myaccountviewonline.com
- Once logged in, select the Settings cog in the upper right hand corner.
- Click “Paperless”, and update the “Additional Documents” section to e-Delivery.
- To review your e-mail address and information on file, select the “My Information” tab.
If you have not enrolled for LPL’s Account View portal, please contact our team at clientcare@mavenlanefinancial.com and we will be happy to help you register.