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.”
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