Ox Road Capital Joins LPL Strategic Wealth Services

Core Insights - LPL Financial LLC has announced the launch of a new independent practice, Ox Road Capital, by financial advisors Jeffrey S. Allen, Steve N. Armaly, Brian A. Blackburn, and Michael S. Lee, who collectively manage approximately $1.25 billion in advisory, brokerage, and retirement plan assets [1][2][12] - The team, based in Greenville, S.C., has nearly 100 years of combined experience and serves a diverse national client base, including ultra-high-net-worth individuals and various professionals [2][3] Group 1: Team Formation and Philosophy - The team was formed in 2016, leveraging individual strengths to create a collaborative environment focused on client relationships rather than transactions [3][4] - Decision-making within the team is based on unanimous agreement, emphasizing a structured approach to financial planning [3] Group 2: Transition to LPL Financial - The advisors chose to affiliate with LPL Financial's Strategic Wealth Services to build a legacy and establish their own brand, moving beyond the traditional employee model [4][6] - LPL's supported independence model offers a combination of entrepreneurial freedom and comprehensive business support, which was a significant factor in their decision [5][6] Group 3: Support and Resources - LPL Financial provides a wealth management platform that includes technology, simplified pricing, and dedicated operational support, allowing advisors to focus on client needs [6][7] - The transition process includes access to a dedicated team for ongoing support in various business aspects, enhancing the advisors' ability to serve their clients effectively [6][7] Group 4: Company Overview - LPL Financial is one of the fastest-growing wealth management firms in the U.S., supporting over 29,000 financial advisors and managing approximately $1.9 trillion in assets [10][12] - The firm offers a range of advisor affiliation models and practice management services, ensuring flexibility for advisors to choose the best resources for their businesses [10]