LPL Financial Welcomes James River Private Wealth
June 20 2024 - 8:00AM
LPL Financial LLC announced today that financial advisor W. Scott
Hengerer, CMFC™, CRPC, has joined LPL Financial’s broker-dealer,
RIA and custodial platforms to launch a new independent practice,
James River Private Wealth. He reported serving approximately $160
million in advisory, brokerage and retirement plan assets* and
joins LPL from Ameriprise.
Based in Lynchburg, Va., Hengerer started his career as a senior
paralegal in securities class action litigation, but his passion
for positively impacting people’s lives led him to the financial
services industry. Now with 26 years of wealth management
experience, Hengerer has developed a deep understanding of the
investment world, specializing in asset management, retirement
income strategies, tax planning and more. His team has grown to
include head of Financial Planning Operations Martha Kerr, client
services manager Devin Burton and paraplanner Breann Dooley.
“My approach to financial advice centers on helping clients make
proactive choices rather than sacrifices,” he said. “We serve to
empower our clients’ financial confidence by providing bespoke,
customized investment advice designed to help simplify their
finances and enrich their lives.”
With the move to LPL, he rebranded his firm to James River
Private Wealth - a nod to the famed river that runs 444 miles
through Virginia from the Appalachian Mountains to the coast. He
also doubled down on his commitment to taking care of his clients
as a boutique, family-oriented practice.
“With LPL, we have a new partner that allows us to maintain our
focus on providing high-touch, high-service experiences to our
clients,” said Hengerer. “LPL's commitment to true independence,
combined with its size, scale and reputation, made it the ideal
choice for us. We are given the flexibility to operate on our own
terms, free from corporate mandates and proprietary investment
products.”
Hengerer said his team will benefit from LPL's innovative
technology, integrated custodial services, robust Research
capabilities and comprehensive wealth management solutions, all
designed to help them provide better experiences for clients. He
also appreciates that he has access to a much larger suite of
financial planning tools.
Scott Posner, LPL Executive Vice President, Business
Development, said, “We welcome Scott and his team to LPL and
congratulate them on the launch of James River Private Wealth. As
Scott builds out his ideal firm with LPL, we are committed to
delivering strategic support and innovative resources to help his
business thrive.”
Related
Advisors, find your perfect fit at LPL.
About LPL FinancialLPL Financial Holdings Inc.
(Nasdaq: LPLA) was founded on the principle that LPL should work
for advisors and institutions, and not the other way around. Today,
LPL is a leader in the markets we serve, serving nearly 23,000
financial advisors, including advisors at approximately 1,100
institutions and at approximately 570 registered investment advisor
("RIA") firms nationwide. We are steadfast in our commitment to the
advisor-mediated model and the belief that Americans deserve access
to personalized guidance from a financial professional. At LPL,
independence means that advisors and institution leaders have the
freedom they deserve to choose the business model, services and
technology resources that allow them to run a thriving business.
They have the flexibility to do business their way. And they have
the freedom to manage their client relationships, because they know
their clients best. Simply put, we take care of our advisors and
institutions, so they can take care of their clients.
Securities and Advisory services offered through LPL Financial
LLC ("LPL Financial"), a registered investment advisor. Member
FINRA/SIPC. LPL Financial and its affiliated companies provide
financial services only from the United States. James River Private
Wealth and LPL Financial are separate entities.
Throughout this communication, the terms “financial advisors”
and “advisors” are used to refer to registered representatives
and/or investment advisor representatives affiliated with LPL
Financial.
We routinely disclose information that may be important to
shareholders in the "Investor Relations" or "Press Releases"
section of our website.
*Value approximated based on asset and holding details provided
to LPL from end of year, 2023.
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