Ox Road Capital Partners with LPL to Enhance Wealth Services
Ox Road Capital Partners with LPL Strategic Wealth Services
SAN DIEGO — Ox Road Capital has launched a new independent financial advisory practice, marking an important milestone as they affiliate with LPL Financial’s Strategic Wealth Services. This innovative partnership allows the team to offer personalized financial solutions while maintaining the autonomy of an independent model.
The Founding Team
The Ox Road Capital team, composed of accomplished financial advisors Jeffrey S. Allen, CFP, CTFA, Steve N. Armaly, Brian A. Blackburn, CFP, and Michael S. Lee, CEPA, together bring nearly 100 years of collective financial experience. Since their establishment in 2016, they have focused on creating a dynamic practice that serves a wide array of clients, including ultra-high-net-worth individuals, entrepreneurs, and medical professionals.
Commitment to Client Relationships
Allen expressed their philosophy by emphasizing the importance of strong client relationships over mere transactions. He remarked, "In our line of work, we don’t just create financial plans; we build futures. Every decision is made collectively, ensuring it aligns with our clients' long-term goals." This empathetic approach has clearly differentiated their services in the competitive financial market.
Moving Towards Independence
The decision to affiliate with LPL was driven by the team's desire to create a lasting legacy for their practice. Lee explained, "We’re at a juncture where we wanted to extend our impact and create something sustainable. Joining LPL gives us the freedom to innovate and grow while receiving valuable support." LPL Financial’s model provided the foundation they needed to to build their brand effectively.
Benefits of LPL's Support Structure
Through LPL’s comprehensive supported independence solution, the Ox Road Capital team is positioned to thrive. This model combines entrepreneurial freedom with essential business services and strategic support. Advisors receive assistance in several areas, including operations, marketing, and financial strategy, allowing them to focus more on their clients' needs.
The Vision for the Future
LPL's role is not just as a partner; it also supports the team's mission to innovate and lead in wealth management. Scott Posner, Managing Director of Business Development at LPL Financial, welcomed the Ox Road Capital team, emphasizing LPL’s commitment to enriching advisor practices.
Adapting to Industry Changes
The partnership comes at a time of significant change in the financial advisory landscape. The Ox Road Capital advisors recognized the need for a partner that could keep pace with the rapid advancements in technology and client service. Allen noted their admiration for LPL, stating, "LPL is truly ahead of the curve, from technology to service delivery. They’ve impressed us with their innovative solutions and responsiveness to advisor needs."
Conclusion
The emergence of Ox Road Capital underlines a growing trend among financial advisors to embrace independence and tailor their services more closely to client needs. By leveraging LPL Financial’s capabilities, they aim to build a practice that not only stands out but also provides enduring value to their clients. The future looks promising as they embark on this new journey towards excellence in wealth management.
Frequently Asked Questions
What is Ox Road Capital?
Ox Road Capital is an independent financial advisory practice that focuses on serving a diverse array of clients with personalized financial strategies.
Who are the founders of Ox Road Capital?
The founding team includes Jeffrey S. Allen, CFP, CTFA, Steve N. Armaly, Brian A. Blackburn, CFP, and Michael S. Lee, CEPA.
Why did they choose to partner with LPL Financial?
The team sought the flexibility and support of LPL’s Strategic Wealth Services to innovate and grow their practice while maintaining their independence.
What is the expertise of Ox Road Capital?
With nearly 100 years of combined experience, the team specializes in serving high-net-worth individuals, businesses, and various professionals, focusing on comprehensive financial planning.
What benefits do LPL advisors receive?
LPL advisors benefit from comprehensive support in operations, marketing, and strategic business solutions that empower them to prioritize their clients effectively.
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