What You Need to Know
- The new independent practice Boggs & Co. launches through an affiliation with LPL's Strategic Wealth Services.
- The team is headed by by 47-year industry veteran Larry Boggs, who was with Wells Fargo since 1990.
- Boggs wanted to run his business on his own terms, enhance the client experience and leverage social media.
A new independent advisory practice has launched in Cumberland, Maryland, through an affiliation with LPL Financial’s Strategic Wealth Services after breaking away from Wells Fargo Advisors, where it served about $1.3 billion in advisory, brokerage and retirement plan assets, LPL said Monday.
Boggs & Company Wealth Management is led by 47-year industry veteran Larry Boggs, who was registered as an advisor with Wells Fargo from 1990-2021 and as a broker with Wells Fargo since 1999, according to his report on the Financial Industry Regulatory Authority’s BrokerCheck website.
Boggs built a 13-member multigenerational team that includes his three daughters: financial advisor Mirjhana Buck and Dagenais Boggs and Koosie Boggs, who both support the team’s business operations.
“We like to think of it as our family taking care of your family,” according to Larry Boggs, who noted that the team develops relationships with each client to provide personalized advice, making a point to help them understand the reasoning behind their recommendations.
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 Cumberland region, LPL said.
In addition to the Boggs family, the team includes financial advisors Brian Kelly, Patsy Stullenbarger, Steven Stroup and Cady Rankin. (Wells Fargo declined to comment on Monday about losing the team.)