Joshua Dowden is a wealth manager with Lucia Capital Group, specializing in portfolios that utilize The Bucket Strategy®. His primary focus is on financial and retirement planning in the Las Vegas metropolitan area. He currently holds the Series 7 and Series 66 industry licenses with LPL Financial.
Josh has more than 15 years of experience as an advisor in the financial services industry, and over 30 years of experience in business and management. He has been a resident of Las Vegas, NV for the past 23 years, and has raised two children as a single parent.
The past several years have brought with them dramatic changes to the world’s financial markets. Now more than ever, it takes patience and diligence to be successful at investing. Those are the qualities that I have focused on throughout my working relationship with you, while developing investment strategies tailored to address your specific financial needs. Now I am taking a career step that I am convinced will allow me to continue servicing you in the best manner possible.
I am pleased to announce that I have joined the national independent brokerage firm of LPL Financial. As an independent financial representative, my business will operate under the name of Lucia Capital Group. I have been servicing investors in the Las Vegas area since 2007, and I believe this change will greatly enhance my ability to service your accounts.
LPL Financial is one of the leading financial services companies and the largest independent broker/dealer in the nation, representing more than 17,000 independent financial professionals across the country (As reported by Financial Planning magazine, June 1996-2022, based on total revenue).
As an LPL Financial professional, I am free to choose the products and services that address my clients’ needs because LPL Financial does not offer any proprietary products. This commitment to financial advice helps to preserve the integrity of my investment advice. For decades, the firm has served as an enabling partner to financial professionals, supporting us in our goals of helping to protect and grow our clients’ wealth. I am proud of my new affiliation and am confident that you will be pleased with the range of services you will receive as a result.
I would be honored if you would join me by transferring your account to LPL Financial and allowing me to continue to service you and your family’s financial needs. Please feel free to call me at my new office phone number, (800) 644-1150 ext. 1732 or please stop by the new office, conveniently located at 10655 Park Run Drive, Suite 150, Las Vegas, NV 89144.
Also, please review FINRA’s educational communication regarding factors to consider in determining whether to transfer your assets.
Frequently Asked Questions
Is there anything I need to do?
Yes. You will need to sign new account forms, advisory agreements, money movement and transfer paperwork in order for me to be able to open accounts, transfer assets and continue managing your portfolio. Most of these documents will be sent to you for electronic signature, but some may require you to print and sign and scan the documents back to me. I will also send you a link to setup online access to your LPL account. Upon receipt of the link (it expires in 72 hours), you will want to set up your password so you can access your online documents going forward.
What if I have questions regarding the documentation I receive?
The information used to prepare the documents you receive is information I have in my files. If you have any questions or would like to make updates to any of the information, please let me know. In some cases, as in the case of your years of investment experience and your net worth percentage breakdown, I may round the years or percentages to the nearest 5 or 10 years or percent. If you have any questions, please let me know.
Why did I decide to make a change to LPL?
Because I am independent, I have numerous choices as to what entities I use to help support me in my efforts to serve you, and I am constantly looking for ways to improve upon all the services I provide.
Following extensive research and consideration, I am proud to announce that I am replacing Edward Jones with LPL Financial (LPL), the country’s largest independent broker dealer firm.
LPL Financial is one of the leading financial services companies and is the largest independent broker/dealer in the nation, representing more than 19,000 independent financial professionals across the country (as reported by Financial Planning magazine, June 1996-2022, based on total revenue). As an LPL Financial professional, I am free to choose the products and services that address your needs because LPL Financial does not offer any proprietary products. This commitment to objective financial advice helps to preserve the integrity of my investment advice. For decades, the firm has served as a partner to financial professionals, supporting them in their goals of helping to protect and grow clients’ wealth. I am excited about my new affiliation, and I am confident that you’ll be pleased with the range of services you will receive as a result.
I firmly believe they will be valuable partners with us as we move forward.
Will my investments change?
No. Your investments will electronically transfer to LPL. My advice and how I manage your portfolios will also remain the same. Your annuities will not change either.
Will my brokerage fees change?
You will likely see a different fee schedule for brokerage-related costs, such as trading costs, IRA fees, and Alternative Investment fees. Some account-specific fees may be higher or lower. I believe overall most clients will experience lower total costs.
Will my distributions change?
No. While you will need to sign new paperwork to update your distributions to my new broker dealer, no other changes will occur.
Will my advisory fees change?
Generally no. I have arranged for the portfolios to move to LPL as they are and negotiated similar client level fees.
Will I have to sign new documents?
Yes. You will need to sign new account forms, advisory agreements and transfer paperwork in order for me to continue managing your portfolio. I will send most of these documents to you for electronic signature, but some may require you print and sign and scan the documents back to me.
Will my statements change?
Yes. Once your account is opened and transferred from Edward Jones to LPL, you will begin receiving new statements from LPL. For business held direct, the statements will remain the same (from the sponsor or carrier) but the name of the Broker/Dealer will be updated to LPL Financial. As accounts transfer, you will receive statements from Edward Jones showing your account value is zero and a new statement from LPL showing the current value of your account(s). The timing of these statements can be different by a few days.
Will I begin receiving information from LPL?
Yes. Once an account is established at LPL for you, you will begin receiving regulatory and disclosure notifications from LPL regarding the account(s) opened, your document settings, changes made to information on your account, the transfer of assets and more. You can review the information listed and contact me with any questions you may have.
How do I get access to my accounts at LPL online?
My team will help you establish your online access, or, if you’d like to set up access sooner, once one account has been opened for you, you can go to myaccountviewonline.com and click Sign Up, enter the information requested and follow the prompts to establish your account.
If I have set up a direct deposit or electronic funds to transfer from my bank account or elsewhere to my Edward Jones account, do I need to do anything?
If we set up the transfer from Edward Jones, then the new paperwork you receive from me will change these instructions. If, however, you set up this transfer directly with your bank, using your bank’s forms, please contact me and we will discuss what steps should be taken to change the transfer to your new LPL account. If you are not sure, feel free to contact me to review the instructions.
Annuities are long-term investment products designed for retirement purposes. Guarantees are based on the claims-paying ability of the issuer subject to their terms and conditions. Early withdrawals may be subject to surrender penalties and, if taken prior to age 59½, may be subject to an additional 10% federal tax. Annuities are not FDIC insured. Certain terms and conditions apply, so please read insurance company materials carefully.
IRA withdrawals will be taxed at ordinary income rates. Withdrawals prior to age 59½ may also be subject to a 10% penalty tax.
Insurance services offered through LPL Financial or its licensed affiliates. CA Insurance Lic. #0518721
Edward Jones is not affiliated with LPL Financial.
Check the background for Joshua Dowden on FINRA's BrokerCheck.