Advisor moves: Teams managing more than $2B depart UBS for LPL, Wells Fargo, and Raymond James
LPL Financial said Tuesday that Ox Road Capital, a team of four advisors based in Greenville, South Carolina, has joined its Strategic Wealth Services platform.
The elite group, led by Jeffrey Allen, Steve Armaly, Brian Blackburn, and Michael Lee, reported managing approximately $1.25 billion in assets. All four previously worked at UBS and bring close to a century of combined experience to their new independent practice.
Team With $1.25 Billion in Client Assets Leaves UBS to Start Ox Road Capital
UBS continued to shed wealth managers this week, as a team of four advisors who oversaw roughly $1.25 billion in client assets jumped ship for LPL Financial. Their move comes just as UBS said it would raise advisor pay next year.
UBS Team Managing Nearly $1.3-Bln Goes Indie With LPL in South Carolina
A team of four advisors that managed $1.25 billion broke away from UBS Wealth Management USA to go independent with LPL Financial in Greenville, South Carolina, according to an announcement from the hiring firm.
Ox Road Capital Joins LPL Strategic Wealth Services
SAN DIEGO – September 16, 2025 – LPL Financial LLC announced today that financial advisors Jeffrey S. "Jeff" Allen, CFP®, CTFA, Steve N. Armaly, Brian A. Blackburn, CFP® and Michael S. Lee, CEPA® have launched a new independent practice, Ox Road Capital, through affiliation with LPL Financial’s supported independence model, LPL Strategic Wealth. They reported serving approximately $1.25 billion in advisory, brokerage and retirement plan assets* and join LPL from UBS.