Amwell Ridge Wealth Management, which specializes in working with people age 55 and up, has joined the LPL Financial platform.
Flemington, New Jersey-based Amwell Ridge is led by Managing Partner David Johnston. He opened the firm in 1996 and now has a team of four people, according to a statement from LPL Financial.
Amwell Ridge will be working with the Bleakley Financial Group, which is affiliated with LPL. Amwell Ridge’s website says the firm provides “Financial planning for affluent families throughout Hunterdon County.”
“Our partnership with Bleakley Financial Group and LPL will bolster our wealth management, financing planning, and investment operations,” Johnston said in a statement. He previously worked with Cetera Financial Group.
Johnston focuses on clients 55 and older who are planning to retire or retired. LPL will provide support to deal with changes in technology and the regulatory environment.
LPL, a publicly traded company, said it supports more than 21,000 financial advisers and about 500 registered investment advisers.
Shares in San Diego-based LPL Financial are traded on the NASDAQ market under the ticker symbol LPLA. At 10:19 a.m. Tuesday, the share price was $200.34. In the last 52 weeks, the shares have traded as high as $271.56 and as low as $169.68.
If you know of local business openings or closings, please notify us here.
PREVIOUS OPENINGS AND CLOSINGS
– Air Products & Chemicals Inc. plans to invest a half-billion dollars to produce environmentally friendly hydrogen in New York state.
– The Trexlertown Chick-Fil-A plans to add a second drive-thru lane as part of a plan to reduce traffic congestion.
– The Harrisburg-based Mid Penn bank has opened its first full-service branch in the Lehigh Valley in South Whitehall.
– The Allentown Planning Commission put off a decision on a new Popeyes Louisiana Kitchen at the site of the former Nostos Greek restaurant.
– The former Star Crete concrete plant at the intersection of Farmersville Road and Easton Avenue has been sold for $1.58 million, and that may clear the way for a medical office building.
– The local business SuperSets Gym will open its third location in Allentown’s South Mall, with no opening date set yet.
– The jewelry boutique Versant will close later this year, but the business will be consolidated at Gary Werkheiser’s other location in Saucon Valley Square.
– The DSW Woodmill Commons has moved to Berkshire West, 1101 Woodland Road in Wyomissing.
– Trainer Michael Melendez has opened his new Reading Extreme Boxing Club where PacSun used to operate in the Berkshire Mall.
– Frackville NAPA Auto Parts held a grand opening with the Schuylkill Chamber of Commerce and Frackville Business & Professional Association.
– Fyzical Therapy & Balance Centers in North Manheim Township held a grand opening, in conjunction with the Schuylkill Chamber of Commerce and Pottsville Business Association.
– PDC Machines, a maker of hydrogen compressors, showed off a new plant in Lower Salford.
– Maya Capital Partners has acquired Amwell Valley Self Storage, a 265-unit storage business on Route 31 in Ringoes, New Jersey.
– Norwescap is buying the former Sullivan’s on the Main restaurant in Phillipsburg to renovate the building and then use it for programs to help educate and feed people.
