Press release
Ox Road Capital Joins LPL Strategic Wealth Services
SAN DIEGO, Sept. 16, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Jeffrey S. "Jeff" Allen, CFP®, CTFA, Steve N. Armaly,
About this update from Lpl Financial Holdings Inc.
[{"type":"text","content":"SAN DIEGO, Sept. 16, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Jeffrey S. \"Jeff\" Allen, CFP®, CTFA, Steve N. Armaly, Brian A. Blackburn, CFP® and Michael S. Lee, CEPA® have launched a new independent practice, Ox Road Capital, through affiliation with LPL Financial’s supported independence model, LPL Strategic Wealth. They reported serving approximately $1.25 billion in advisory, brokerage and retirement plan assets* and join LPL from UBS. Based in Greenville, S.C., Allen, Armaly, Blackburn and Lee joined forces in 2016 and collectively have close to 100 years of experience. They built their business model by leveraging their individual strengths and now serve a national client base that includes ultra-high-net-worth individuals, pre-retirees and retirees, C-suite executives, entrepreneurs, medical professionals and private foundations and endowments. “We created the current version of the team in 2016, recognizing that our diverse strengths made us a good team,” said Armaly. “The four of us allowed each other to focus on those areas that we found most rewarding. This allows us to spend much of our time in the areas that we love and give us energy.” Blackburn added, “As a team, we do not make a decision without a unanimous vote, whether it is big or small. As for our clients, we are interested in a relationship, not a transaction. We say we don’t build a house or start a business without a plan, and we say the same thing about building someone’s financial future. You can’t do it without a plan.” Why They Made the Move to LPL and Why Now “All businesses and individuals have three seasons they pass through – Survival, Success and Significance. We reached that final stage where we began to think about legacy and it was clear we needed to make a move to really build something that could outlast the founders. In all, we are excited about the ability to build our own brand.” said Lee. After a due diligence period, the team chose to affiliate via LPL’s comprehensive supported independence solution, LPL Strategic Wealth Services (SW). SW combines the freedom and flexibility of entrepreneurship with hands-on business services and support to help practices thrive, both operationally and strategically. The Ox Road Capital team includes, Wealth Strategy Associates, Marley Landrum, AAMS®, CRPC®; Bra...