Home Alts News Former Cetera Firm with $180 Million in Assets Joins LPL Financial

Former Cetera Firm with $180 Million in Assets Joins LPL Financial

LPL Financial LLC, the nation’s largest independent broker-dealer, announced that Amwell Ridge Wealth Management, led by managing partner David Johnston, has joined LPL’s broker-dealer, corporate and custodial platforms, aligning with Bleakley Financial Group, an existing firm serving LPL-affiliated advisors.

Johnston reported having served approximately $180 million in advisory, brokerage and retirement plan assets.

Located in Flemington, New Jersey, Johnston opened Amwell Ridge Wealth Management in 1996 and was previously Cetera Financial Group. LPL says he and his team of four specialize in working with people aged 55 and older who are looking for the planning and guidance to ensure a smooth transition into and through their retirement.

“We extend a warm welcome to David and are honored to support his business,” LPL executive vice president, business development, Scott Posner said. LPL advisors can rely on us to continuously invest in innovative capabilities and robust resources designed to help them differentiate their business and win in the marketplace. We congratulate Bleakley for growing its network of quality advisors, and we look forward to a long-lasting relationship with the entire team at Amwell Ridge Wealth Management.”

LPL supports more than 21,000 financial advisors, 1,100 institution-based investment programs and 500 independent RIA firms nationwide.

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