Former Wirehouse Team Launches Independent Practice with LPL Financial
LPL Financial LLC, the nation’s largest independent broker-dealer, reported that financial advisor Larry Boggs has launched a new independent practice, Boggs & Company Wealth Management.
LPL Financial LLC, the nation’s largest independent broker-dealer, reported that financial advisor Larry Boggs has launched a new independent practice, Boggs & Company Wealth Management.
Boggs and his team join from Wells Fargo Advisors and serve approximately $1.3 billion in advisory, brokerage and retirement plan assets.
With more than 45 years of financial services experience, Boggs has built a 13-member multigenerational team that includes his three daughters: financial advisor Mirjhana Buck, as well as Dagenais Boggs and Koosie Boggs, who support business operations.
In addition to the Boggs family, the team includes financial advisors Brian Kelly, Patsy Stullenbarger, Steven Stroup and Cady Rankin, with operations support from Michelle Lucas, Janet Shroyer, Brenda Mulligan, Molly Beeman and Christina Crites.
With headquarters in Cumberland, Maryland, the Boggs team provides comprehensive financial advice, retirement planning, business services, education funding, estate planning strategies, special needs trusts and other wealth management services to families and business owners throughout the region.
After more than four decades with his previous firm and its predecessors, Boggs decided it was time to break away from the wirehouse and interviewed more than 15 firms before choosing to move the practice to LPL. “The industry is evolving, and it became obvious we needed to update our approach to the business… LPL offers the independence and flexibility I’ve been craving,” he said.
The Boggs team joins through LPL’s Strategic Wealth Services platform, which launched in April 2020 to support breakaway wirehouse advisors.
LPL Financial provides service to approximately $958 billion in brokerage and advisory assets as of March 31, 2021. The company supports more than 17,000 financial advisors, 800 institution-based investment programs, and 450 independent RIA firms nationwide.
