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

A New Jersey team that managed $180 million in client assets at Cetera Financial Group has affiliated with LPL Financial and is aligning with another LPL firm, Bleakley Financial Group, LPL announced Thursday.

Amwell Ridge Wealth Management in Flemington was founded in 1996 by managing partner David Johnston. He and a team of four specialize in working with people 55 and older on preparing for retirement.

Johnston has 26 years of experience, according to his BrokerCheck profile, and had been affiliated with Cetera since 2020.

In a statement, Johnston explained the move as an effort to keep up with the challenges the firm faces.

“As our clients’ needs expand, regulatory landscape evolves, and technology advances, it’s vital we have a robust infrastructure to support these areas,” he said. “Our partnership with Bleakley Financial Group and LPL will bolster our wealth management, financial planning and investment operations.”

(This news/press release has not been altered by investment.net, apart from the headline, and has been obtained from a syndicated source:- https://www.investmentnews.com/lpl-adds-cetera-team-managing-180-million-in-assets-237754 )