LPL Financial Gains $600M AUM with New Legacy Ridge Wealth Practice
LPL Financial added $600 million in advisory, brokerage and retirement plan assets as Frank Boley and Susie Garber-Johnson launched Legacy Ridge Private Wealth through its Strategic Wealth model. The Sheridan, Wyoming-based practice will offer multigenerational tax strategy, portfolio management and legacy planning via its proprietary LegacyWorth framework.
1. Launch of Legacy Ridge Private Wealth
Frank Boley and Susie Garber-Johnson have launched Legacy Ridge Private Wealth via LPL Strategic Wealth, bringing approximately $600 million in advisory, brokerage and retirement plan assets. The Sheridan, Wyoming-based team joined LPL from D.A. Davidson to establish an independent practice focused on complex client needs.
2. Integration with LPL Strategic Wealth
The practice selected LPL’s Strategic Wealth solution to combine entrepreneurial freedom with comprehensive business support, including simplified pricing, technology access and a dedicated operations team. Advisors benefit from streamlined operations support, with a business strategist, marketing partner, CFO and administrative assistant aiding practice management.
3. LegacyWorth Framework and Services
LegacyWorth framework drives the practice’s service model, integrating discovery, cashflow planning, tax strategy, legal coordination and multigenerational family meetings. This proprietary approach targets pre-retirees, retirees, business owners and multigenerational families requiring tailored wealth management beyond traditional solutions.
4. Implications for LPL Financial
By adding the Legacy Ridge team, LPL Financial expands its advisor network and boosts assets under custody with an additional $600 million in AUM. This affiliation reinforces LPL’s position in the advisor-mediated marketplace, supporting over 32,000 advisors and approximately $2.4 trillion in assets.