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Financial Advisory  + RIAs & Financial Advisors  + Wealth Management  |  September 23, 2025
LPL Financial Welcomes $1.25B Ox Road Capital to Strategic Wealth Platform 
By: Joe Palmisano

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 

Read More News Stories About: LPL Financial
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Ox Road CapitalLPL Financial, LLC

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.