The evolving needs of financial advisors’ clients is a key reason why an industry veteran of 38 years has moved firm from the regional brokerage he co-founded.
William ‘Bill’ Fenwick combines his four decades in financial services with his military experience serving as an officer in the US Marine Corps, to grow the strong relationships he has with his clients and his guidance through the tough times.
Fenwick’s firm Fenwick Financial, based in Kentucky, Louisiana, has joined LPL Financial’s broker-dealer, RIA and custodial platforms.
He previously managed $210 million in client assets through his affiliation with First Kentucky Services of which he was a founding member but says that it was time for a change due to how the advisory industry has shifted towards prioritizing client needs rather than the previous focus on sales.
“The fiduciary standard is something I’ve been drawn to from the start. I am committed to serving my clients as an advisor and investment manager with their best interests at heart, offering a foundation of honesty and integrity. The longevity of my practice is a testament to the confidence my clients have in me and my team.”
Fenwick’s team includes his wife Karen, and registered assistant Patricia Hughes, but is set to expand as his son William ‘Trey’ Fenwick III follows his father’s journey from military service – Trey has just returned from his service as a US Special Forces Green Beret – into the practice.
“We welcome Bill to LPL and thank him for his many years of military service,” said Scott Posner, LPL’s EVP of business development. “The acceleration of advisors moving to LPL from regional firms is a testament to the strong support we provide to help financial professionals realize their growth and succession plans. We look forward to supporting Bill’s team and their goals for the future as they build out a generational practice with clients top of mind.”
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
