Southern Ridge Advisory has joined Thoroughbred Financial, an Office of Supervisory Jurisdiction affiliated with Osaic. The practice is led by Steve Allen and his son, John Allen. Steve built Southern Ridge after developing a successful accounting practice and established the advisory business around long-term client relationships.
John is taking on greater responsibility for the firm’s daily operations and is expected to eventually succeed his father as its leader. The arrangement creates a defined succession path intended to preserve continuity for clients and support the practice’s next generation.
Southern Ridge selected Thoroughbred and Osaic because the firms could provide a stronger support infrastructure, collaborative environment and additional capacity for growth.
Through the affiliation, Steve and John will continue serving their existing clients while gaining access to compliance oversight, recruiting assistance and practice development resources.
Thoroughbred Financial is based in Lexington, Kentucky, and operates as an Osaic-affiliated Office of Supervisory Jurisdiction. An OSJ supervises financial professionals and helps oversee activities such as compliance, licensing and business operations.
Osaic is a large network serving independent financial advisors and financial institutions.
KEY QUOTE:
“From the moment I met Steve, I realized we were a good fit. You can tell just from a single conversation that taking care of clients is core to his success. We’re excited for Southern Ridge and to be a part of the next chapter.”
Chris Cantrell, Vice President of Securities Marketing at Thoroughbred Financial
