A New Jersey team that managed $180 million in client assets at Cetera Financial Group has affiliated with LPL Financial and is aligning with another LPL firm, Bleakley Financial Group, LPL announced Thursday.
Amwell Ridge Wealth Management in Flemington was founded in 1996 by managing partner David Johnston. He and a team of four specialize in working with people 55 and older on preparing for retirement.
Johnston has 26 years of experience, according to his BrokerCheck profile, and had been affiliated with Cetera since 2020.
In a statement, Johnston explained the move as an effort to keep up with the challenges the firm faces.
“As our clients’ needs expand, regulatory landscape evolves, and technology advances, it’s vital we have a robust infrastructure to support these areas,” he said. “Our partnership with Bleakley Financial Group and LPL will bolster our wealth management, financial planning and investment operations.”
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.
Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
