Legacy Ridge Private Wealth Joins LPL Strategic Wealth

Rhea-AI Summary

LPL Financial (Nasdaq: LPLA) announced that advisors Frank Boley and Susie Garber-Johnson launched Legacy Ridge Private Wealth by affiliating with LPL Strategic Wealth on March 12, 2026. The team reported serving approximately $600 million in advisory, brokerage and retirement plan assets.

Based in Sheridan, Wyoming, the new firm will offer family-focused services via its LegacyWorth™ framework, covering portfolio management, tax strategy, cashflow planning and legacy planning while using LPL Strategic Wealth’s supported independence platform and operational resources.

Positive

• Adds approximately $600M in advisory, brokerage and retirement assets
• Affiliation expands LPL Strategic Wealth advisor network and service footprint
• Team brings 50 years of combined advisor experience in Wyoming

Negative

• None.

Key Figures

Legacy Ridge assets: $600 million Team experience: 50 years Advisors supported: Over 32,000 +3 more

6 metrics

Legacy Ridge assets $600 million Advisory, brokerage and retirement plan assets reported at end of 2024

Team experience 50 years Combined industry experience of Boley and Garber-Johnson

Advisors supported Over 32,000 Financial advisors supported by LPL Financial

Institutions supported Approximately 1,200 Wealth management practices of financial institutions supported by LPL

Client assets Approximately $2.4 trillion Brokerage and advisory assets serviced and custodied by LPL

End clients Approximately 8 million Americans served through LPL’s advisor-mediated model

Market Reality Check

Price: $302.96 Vol: Volume 720,996 is below t...

low vol

$302.96 Last Close

Volume Volume 720,996 is below the 20-day average of 1,207,791, suggesting a muted pre-news setup. low

Technical Price at $302.96 is trading below the 200-day MA of $358.01, indicating a prior downtrend bias.

Peers on Argus

Pre-news, LPLA was down 1.73% with limited sector confirmation. Only peer SF app...

1 Down

Pre-news, LPLA was down 1.73% with limited sector confirmation. Only peer SF appeared on momentum scans, down about 5%, while other peers (TW, FUTU, EVR, HLI) showed mixed, smaller moves, pointing to more stock-specific than broad sector pressure.

Common Catalyst Same-day peer headlines focus on advisor moves (EVR) and earnings/financial results (FUTU), not a unified sector catalyst.

Historical Context

5 past events · Latest: 2026-03-04 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
2026-03-04	Leadership promotions	Positive	+1.9%	Senior leaders promoted to managing director roles to drive strategy and planning.
2026-03-03	Advisor recruitment	Positive	+0.1%	Advisor Robert Woodend joins, bringing about $150M in client assets.
2026-02-26	Advisor recruitment	Positive	+0.3%	Veteran advisor joins Lighthouse Private Wealth with roughly $200M in assets.
2026-02-19	Monthly activity update	Positive	-2.6%	January 2026 data showed $2.41T assets and $4.2B organic net new assets.
2026-02-19	Advisor recruitment	Positive	-1.3%	Thimble Island Private Wealth added an advisor with about $300M in assets.

Pattern Detected

Recent advisor-recruitment and platform-growth news often saw modest positive reactions, while broader activity updates have occasionally aligned with short-term pullbacks.

Recent Company History

Over the last few weeks, LPL has repeatedly highlighted advisor recruitment and platform growth. Prior releases welcomed individual advisors and teams bringing $150M–$300M in client assets and detailed expansion via LPL Strategic Wealth. A January activity update reported total assets of $2.41T and organic net new assets of $4.2B, yet that coincided with a negative price reaction. Today’s announcement of a $600M Legacy Ridge Private Wealth relationship fits this ongoing advisor and asset-gathering narrative.

Market Pulse Summary

This announcement adds another advisor team to LPL’s expanding ecosystem, with Legacy Ridge Private ...

Analysis

This announcement adds another advisor team to LPL’s expanding ecosystem, with Legacy Ridge Private Wealth reporting about $600M in client assets and tying into a broader platform of roughly $2.4T across more than 32,000 advisors. It follows a pattern of recruitment and platform-building updates in recent months. Investors tracking this theme might watch ongoing asset flows, advisor count trends, and how LPL’s supported-independence offerings evolve within Capital Markets peers.

Key Terms

cfa, cfp, registered investment advisor, broker-dealer, +2 more

6 terms

cfa financial

"financial advisors Frank Boley, CFA®, CFP®, CIMA® and Susie Garber-Johnson"

A CFA is a professional credential awarded to financial analysts and investment managers who pass a series of rigorous exams and meet experience and ethical standards. It signals that a person has demonstrated advanced knowledge of investing, portfolio management and financial analysis—think of it like a pilot’s license for someone who manages money. For investors, seeing a CFA can make it easier to judge a professional’s training and credibility, though it is not a guarantee of performance.

cfp financial

"financial advisors Frank Boley, CFA®, CFP®, CIMA® and Susie Garber-Johnson"

A CFP is a Certified Financial Planner, a professional credential awarded to individuals who have completed education, passed a comprehensive exam, and met ethical and experience requirements in personal financial planning. For investors, a CFP signals that an advisor is trained to create and coordinate plans for saving, investing, taxes, insurance and retirement—think of them as a trusted architect who helps design a practical roadmap for your financial goals.

registered investment advisor regulatory

"LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer"

A registered investment advisor is a professional or firm that provides financial advice and manages investments for clients, operating under regulations that require them to act in their clients' best interests. This designation helps investors identify trustworthy advisors who are legally committed to providing transparent and fair guidance, much like a licensed doctor is bound to prioritize patient well-being.

broker-dealer regulatory

"a registered investment advisor and broker-dealer, member FINRA/SIPC."

A broker-dealer is a licensed firm or individual that both executes trades on behalf of clients (acting as a broker) and buys or sells securities for its own account (acting as a dealer). Investors care because broker-dealers provide the plumbing of markets — they place orders, hold or move cash and securities, offer research or advice, and their stability and fees directly affect trade execution, costs, and the safety of client funds; think of them as a combined travel agent and taxi for your investments.

finra regulatory

"a registered investment advisor and broker-dealer, member FINRA/SIPC."

FINRA is the U.S. self‑regulatory organization that oversees brokerage firms and individual brokers, setting and enforcing rules to protect investors and keep markets orderly. Think of it as a referee and rulebook keeper for the broker industry: it licenses brokers, monitors their behavior, enforces standards, and runs complaint and arbitration systems, so investors can check records and have a path to resolve disputes.

sipc regulatory

"a registered investment advisor and broker-dealer, member FINRA/SIPC."

The Securities Investor Protection Corporation (SIPC) is a nonprofit organization that helps customers recover cash and securities if a registered brokerage firm fails and assets are missing. Think of it like an insurance backstop for your brokerage account—it can replace missing holdings up to legal limits but does not protect against losses from market movements or bad investment choices.

AI-generated analysis. Not financial advice.

SAN DIEGO, March 12, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Frank Boley, CFA®, CFP®, CIMA® and Susie Garber-Johnson, CWS® have launched a new independent practice, Legacy Ridge Private Wealth, through affiliation with LPL Financial’s supported independence model, LPL Strategic Wealth. They reported serving approximately $600 million in advisory, brokerage and retirement plan assets* and join LPL from D.A. Davidson.

Based in Sheridan, Wyo., Boley and Garber-Johnson have 50 years of experience and are both sixth generation Wyomingites. Boley and Garber-Johnson partnered to create a firm rooted in Wyoming heritage and designed for sophistication. Their business model centers on delivering comprehensive, family focused office services — including portfolio management, tax strategy and legacy creation — through their proprietary LegacyWorth™ framework. Legacy Ridge Private Wealth serves clients with complex financial needs, including pre-retirees and retirees, business owners and multigenerational families seeking customized strategies beyond traditional wealth management.

“Our team is comfortable offering customized strategies for complex needs; we see the world through a different lens through our LegacyWorth™ framework,” said Boley. “LegacyWorth™ is our client first- framework that looks beyond portfolios to align wealth with purpose. We bring together discovery, cashflow planning, tax strategy, legal coordination and multigenerational family meetings in one seamless, transparent process — delivering family focused office sophistication to Sheridan and the broader Wyoming community.”

Why They Made the Move to LPL and Why Now

After a due diligence period, the team chose to affiliate via LPL’s comprehensive supported independence solution, LPL Strategic Wealth (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 Legacy Ridge Private Wealth team includes Olivia Koltiska, Brenna Zink and Janelle Kemerling.

“After interviewing multiple potential partners, we proactively chose LPL for its strategic platform and comprehensive suite of services,” said Boley. “LPL gives us the ability to deliver a transparent, seamless experience for clients with complex needs — combining portfolio management, tax planning, and legacy planning under one roof. This partnership allows us to focus on what matters most: helping clients pursue their goals without the burden of managing multiple advisors.”

In addition to having access to LPL’s comprehensive wealth management platform and sophisticated resources, SW advisors benefit from an integrated service that includes simplified pricing, technology and dedicated support to launch their practice. After the transition is complete, SW teams receive ongoing operations support managed by a team of experienced professionals, including a business strategist, marketing partner, CFO and administrative assistant. Advisors have one point of contact, a dedicated team and priority access to advocacy and project management for complex business issues, ultimately allowing them to stay focused on the enduring needs of their clients and the culture and evolution of their practice.

Scott Posner, managing director of business development, said, “We welcome the Legacy Ridge Private Wealth team and congratulate them on going independent with LPL Strategic Wealth. As they build their ideal practice to provide comprehensive client service, LPL is here to provide comprehensive practice support throughout their entire journey as independent advisors. We are committed to delivering sophisticated resources, innovative capabilities and strategic business solutions designed to help advisors build value with clients and win in the markets they serve.”

Related

Advisors, learn how LPL Financial can help take your business to the next level.

About LPL Financial

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 32,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $2.4 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC. Legacy Ridge Private Wealth, LegacyWorth™ and LPL Financial are separate entities.

Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

*Value approximated based on asset and holding details provided to LPL from end of year, 2024.

Media Contact: 
Media.relations@LPLFinancial.com 

Tracking #851420

FAQ

What did LPL (LPLA) announce about Legacy Ridge Private Wealth on March 12, 2026?

LPL announced that advisors Frank Boley and Susie Garber-Johnson launched Legacy Ridge Private Wealth affiliating with LPL Strategic Wealth. According to the company, the team reported serving approximately $600 million in advisory, brokerage and retirement plan assets and joined from D.A. Davidson.

How does LegacyWorth™ shape Legacy Ridge Private Wealth’s client offering under LPLA?

LegacyWorth™ is a client-first framework focused on aligning wealth with purpose through comprehensive planning. According to the company, it combines discovery, cashflow planning, tax strategy, legal coordination and multigenerational meetings into one process for complex-family clients.

Why did the Legacy Ridge team choose to affiliate with LPL Strategic Wealth (LPLA)?

They selected LPL Strategic Wealth for its supported independence model and operational support. According to the company, SW offers simplified pricing, dedicated operations, technology, business strategists and priority access to advocacy and project management.

What client types will Legacy Ridge Private Wealth serve under the LPL affiliation?

Legacy Ridge will serve pre-retirees, retirees, business owners and multigenerational families with complex needs. According to the company, the practice focuses on customized strategies beyond traditional wealth management using portfolio, tax and legacy planning.