LPL Financial Welcomes $1.25B Ox Road Capital to Strategic Wealth Platform
LPL Financial LLC has announced the addition of Ox Road Capital, a Greenville, South Carolina-based practice managing approximately $1.25 billion in advisory, brokerage, and retirement plan assets, to its independence model, LPL Strategic Wealth.
Founded in 2016 by financial advisors Jeffrey S. “Jeff” Allen, Steve N. Armaly, Brian A. Blackburn, and Michael S. Lee, Ox Road Capital serves a national client base of ultra-high-net-worth individuals, retirees, executives, entrepreneurs, medical professionals, and nonprofit organizations. The team is supported by wealth strategy associates Marley Landrum, Brandon Mills, and Nick Ray, along with client service associates Kyle Goff, Jack Shubert, Wendy Levi, and Clark Rettberg.
LPL’s Strategic Wealth division provides a breakaway channel for wirehouse advisors seeking independence while offering centralized support in areas such as technology, pricing, human resources, and marketing. “We welcome the Ox Road Capital team and congratulate them on going independent with LPL Strategic Wealth. As they build their ideal practice, LPL is here to support them throughout their entire journey as independent advisors,” said Scott Posner, Managing Director, Business Development.
This marks the latest milestone for LPL’s Strategic Wealth platform, which in March also expanded with the addition of four advisors to Carnegie Private Wealth, an affiliated firm with more than $1 billion in assets.
Pictured: Ox Road Capital team