LPL Financial announced 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 called James River Private Wealth. And he reported serving approximately $160 million in advisory, brokerage and retirement plan assets and joins LPL from Ameriprise.
Based out of Lynchburg, Virginia, 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.
With the move to LPL, he rebranded the firm to James River Private Wealth - which is a nod to the famed river that runs 444 miles through Virginia from the Appalachian Mountains to the coast. And he also doubled down on his commitment to taking care of his clients as a boutique, family-oriented practice.
Hengerer said his team will be benefitting from LPL's innovative technology, integrated custodial services, better research capabilities and comprehensive wealth management solutions, all designed to help them provide better experiences for clients. And he also appreciates that he has access to a much larger suite of financial planning tools.
KEY QUOTES:
"My approach to financial advice centers on helping clients make proactive choices rather than sacrifices. 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 LPL, we have a new partner that allows us to maintain our focus on providing high-touch, high-service experiences to our clients. 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."