Blog

Regarding the Equifax Breach

We are always receiving reminders that the same technologies which make our lives more convenient also expose us to new dangers. The recent Equifax breach is one of those reminders.

 

I wanted to send a note to each of you that underscores how seriously both myself and LPL take the security of your personal data and your finances. Also included are actionable steps that you can take to protect yourself moving forward.

 

A good first step is to see if you were a victim of Equifax’s hack. This can be determined from the website below:

 

https://www.equifaxsecurity2017.com/potential-impact/

A VOICE OF EXPERIENCE

However, given how prevalent these types of data beaches have become, I’ve included some bullet points below that I would recommend for everyone regardless of whether they were impacted by the Equifax breach:

 

  • Fraud alerts: I highly recommend establishing fraud alerts with the three major credit reporting agencies. This represents a fast way to alert you if someone tries to apply for credit in your name. You can also set up fraud alerts for your credit and debit card.
  • Credit freezes: A credit freeze will lock your credit files so that only companies you already do business with will have access to them. This means that if a thief shows up at a bank and tries to apply for credit in your name using your address and Social Security number, the bank won’t be able to access your credit report. Keep in mind that if you want to apply for credit with a new financial institution in the future, or you are opening a new bank account, applying for a job, renting an apartment, or buying insurance, you will need to unlock or “thaw” the credit freeze.

A WIDE RANGE OF SERVICES

Below are phone numbers for each of the credit reporting agencies:

 

Equifax: (866) 349-5191

Experian: (888) 397-3742

Transunion: (888) 909-8872

 

  • Bank and credit card statements: Review your financial statements regularly and look for any transaction that seems amiss. Take advantage of any alert features so that you are notified when suspicious activity is detected.
  • Look into credit monitoring services like ID Shield or Lifelock that attempt to monitor your identity from every angle.
  • Do not open or reply to any e-mail that appears to be from a financial institution or other business asking you to verify your personal data. If you are unsure about a particular e-mail, please contact that institution by phone in order to verify.

 

I think the biggest key is to stay vigilant about all of your accounts. Check on them periodically and always be on the lookout for any suspicious transactions.

GROWING IN WOODSTOCK

Regarding your accounts with LPL and Gary Alpert & Associates

 

As one of the largest broker dealers in the United States, LPL Financial has a very detailed system for authenticating individuals. This also includes a strict set of cybersecurity rules that all LPL advisors are required to adhere to.

 

My office will verbally confirm all address change requests and LPL will mail written notifications of such changes to both the old and the new address of record.

 

My office will also verbally confirm all transactions and money movement requests.

 

No personally identifiable client information is sent via unsecure e-mail or any other unsecure means.

by Hetmayar

Viral dreamcatcher keytar typewriter, aesthetic offal umami. Aesthetic polaroid pug pitchfork post-ironic.

On a final note, my assistant, Rebekah Clough, and I monitor all money movement, transaction and address change activity for all accounts daily.

 

I realize that protecting my client’s data and account security is a very serious issue and can promise that both LPL Financial and my practice are very dedicated to this effort.

 

Please feel free to call me any time if you would like to discuss any of the above items or a set of solutions that works best for you.

 

Sincerely,

Gary Alpert

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium.

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium.

Related Tags
  • Business Advice
  • Client Stories
  • Comprehensive Financial Planning
Social Share

Related Posts

The Wardrobe Malfunction

Wendy will correctly tell me that one of my biggest weaknesses is standard household chores. As s

The Value of 100,000

Wendy and I were on a trip to visit a client family reunion in South Georgia. Since there was goi

Subscribe to our Blog


    Search Blog

    Hourly Consulting

    Hourly consulting is available for specific issues – $400.00 per hour. This is appropriate for guidance with regard to one particular element or question regarding estate planning or investing.

    Retirement Plan Consulting is also available on an hourly fee basis.

    All investing involves risk including loss of principal. No strategy assures success or protects against loss. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.

    Comprehensive Financial Planning

    Pricing Starting At: Singles $3500* | Couples $5000* | Business Owners $6500*

    Financial Consulting includes the following services:

    • 12 months of access to our team
    • Comprehensive Data Gathering
    • 2-3* Scheduled Formal Meetings During the Year
    • Review of your financial situation – goals, objectives, risk tolerance, risk capacity, time horizon, and restrictions
    • Planning for Peace of Mind
    • Financial Organization and Household Balance Sheet
    • Cash Flow Planning
    • Trust & Estate Planning
    • Tax Planning and Tax Return Review
    • Stock Option/Restricted Stock Planning
    • Charitable Giving Planning
    • Insurance Planning
    • Retirement Income Planning
    • Social Security Planning
    • Employer Sponsored Retirement Plan Recommendations
    • Basic Asset Allocation Recommendation
    • Business Planning
    • Education Planning

    *Depending on complexity

    **Client administers investment changes

    Financial Planning and Wealth Management

    Comprehensive Financial Planning included with managed assets above 750k. Financial Planning is an additional cost if less than 750k.

    The following cost schedule applies for personalized financial planning services & wealth management relationships:

    Aggregate Market Value Investment Management Costs
    $3,000,000 + .70% Annually
    $2,000,000 to $3,000,000 .80% Annually
    $1,000,000 to $2,000,000 .90% Annually
    $750,000 to $1,000,000 1% Annually*
    $500,000 to $750,000 1.25% Annually*

    Annual costs include the following services:

    • Review of financial situation – goals, objectives, risk tolerance, time horizon, and restrictions
    • Planning for Peace of Mind and Future Goals
    • Financial Organization and Household Balance Sheet
    • Cash Flow Planning
    • Trust & Estate Planning
    • Intergenerational Wealth Planning
    • Tax Planning
    • Stock Option/Restricted Stock Planning
    • Charitable Giving Planning
    • Insurance Planning
    • Retirement Income Planning
    • Social Security Planning
    • Investment Optimization and Ongoing Monitoring
    • Defined Contribution Asset Allocation (401(k) or Retirement Plan) – Current Employment
    • Education Planning
    • Business Planning
    • Monthly Statements and Quarterly Performance Statements
    • Online Access to Your Portfolio

    *Client pays all trading costs on accounts.