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.”
MyVest and Vestmark have also unveiled strategic partnerships aimed at helping advisors and RIAs bring personalization to more clients.
Wealth management unit sees inflows of $23 billion.
Deal will give US investment bank a foothold in lucrative European market.
New report examines the impact that the initiative has had on philanthropy.
Few feel confident that they will meet their retirement goals.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.