Keeping Up with Back Cove Financial | Q2 Summer Newsletter
Back Cove Financial is a proud Corporate Partner of Maine Audubon.
☀️Summer Newsletter
Warm greetings from all of us at Back Cove Financial! As Maine’s busy season kicks into full gear, we are soaking up the sunshine and enjoying the beautiful weather. We hope your summer is filled with joy, relaxation, and exciting adventures!
As you know, Commonwealth Financial Network, our back-office broker-dealer, is joining LPL Financial. Our operations and systems are expected to transition around November 14, 2026. Our priority is making this transition as smooth and seamless as possible for you, and we hope this newsletter helps.
We are always here to help with your financial planning and investment management needs throughout the year. Enjoy this wonderful season!
Tri for a Cure
in support of Maine Cancer Foundation
Back Cove Financial was proud to once again sponsor and participate in Maine’s largest fundraising triathlon alongside an incredible community of athletes, volunteers, and supporters. Thank you to everyone who helped make this event such a success, and to Maine Cancer Foundation for the meaningful work they do to advance cancer prevention, early detection, and improved patient outcomes across our state.
Over $2,300,000 was raised to reduce the impact of cancer in Maine, a new record! We’re honored to be part of this amazing tradition and are already looking forward to next year.
Shannon Norris (bike), Sarah Halpin, CFP® (swim), Christine Byrne, MBA, CRPS® (run)
The LPL Transition
Explaining the Commonwealth/LPL Connection
The support system behind your portfolio begins with Back Cove Financial, but we partner with Commonwealth/LPL Financial and the SEC/FINRA. Here’s how it works:
Back Cove Financial: Your affiliated independent financial advisor. Our firm remains free to act in your best interests and help you follow the course of action that best meets your financial goals. ⬇️
Commonwealth/LPL Financial: Processes investment business, provides clearing, custody, and a broker-dealer processes services to your affiliated advisor. ⬇️
SEC/FINRA: The Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) regulate broker-dealers.
Helpful Documents
As we prepare for our transition from Commonwealth Financial to LPL Financial this November, we encourage you to review the enclosed Client Guide to Transitioning to LPL and the attached Elevating Your Experience presentation.
Together, these resources explain what the transition means for you, what you can expect over the coming months, including important communications and key dates, and the new tools and benefits you will have access to. While most clients will not need to take any action, they also outline the few simple steps that may be needed to help ensure a smooth transition, so you can feel informed, prepared, and confident throughout the process.
LPL Account View Platform Video
Accounts plan to be moved to LPL on November 14, 2026, and the Account View system will be viewable once our back office establishes your access. Watch the video, then read our Account View Guide.