LPL Adds $160M Virginia Advisory Team
LPL Financial announced that financial advisor Scott Hengerer has joined LPL’s broker-dealer, RIA and custodial platforms from Ameriprise to launch James River Private Wealth. He reported serving approximately $160 million in advisory, brokerage and retirement plan assets.
Lynchburg, VA-based Hengerer started his career as a senior paralegal in securities class action litigation. With 26 years of wealth management experience, Hengerer’s firm specializes in asset management, retirement income strategies, tax planning and more.
The team also includes head of financial planning operations Martha Kerr, client services manager Devin Burton and paraplanner Breann Dooley.
Hengerer said his team will benefit from LPL’s technology, integrated custodial services, research capabilities and wealth management solutions. “With LPL, we have a new partner that allows us to maintain our focus on providing high-touch, high-service experiences to our clients,” he said.
This is LPL’s third announcement this month, including the addition of FSI Wealth Management, a California team formerly with Osaic that managed about $215 million in advisory, brokerage and retirement plan assets as of the end of 2023. LPL also added Russell Wealth Partners, a $250 million family team formerly with Merrill Lynch.
