Hendel Wealth Management Group Merges with Raymond James Financial Services Practice of Kevin Pettersen

[Smithtown/Massapequa, NY] – Hendel Wealth Management Group in Smithtown recently merged with the Raymond James Financial Services practice of Kevin Pettersen in Massapequa which serves nearly 325 clients and boasts $325 million in AUM. Under the leadership of Jeffrey Hendel, President & CEO, Hendel Wealth Management Group & Senior Financial Advisor, Raymond James Financial Services, and one of Forbes’ 2021 and 2022 lists of Best-in-State Wealth Advisors*, the fast-growing Long Island-based organization has now grown to $725 million in AUM with this recent merger. This merger follows Hendel’s 2021 acquisition of Nazareth Investments in Nazareth, PA.

Kevin Pettersen—a multi-year Forbes’ list of Best-in-State Wealth Advisors recipient from 2020 through 2022—brings more than 35 years of comprehensive investment and financial and wealth management industry knowledge to Hendel Wealth Management Group along with his team of three.

“At Hendel Wealth Management Group, we have an elite and dedicated team of individuals and Financial Advisors that provide the very best in service to our clients,” said Hendel. “Bringing Kevin and his team on board has only further expanded our abilities to serve as a premier wealth management practice on Long Island. We’re looking forward to a successful future together.

“I wanted to align with a practice that would be able to support our continued growth and provide additional top-notch service and financial advice to our existing clients,” said Pettersen, Managing Principal and Senior Wealth Advisor, Raymond James Financial Services. “On behalf of our entire team, I can personally say that we are looking forward to an incredible future as we join Hendel Wealth Management Group.”

Hendel, who began his career with Raymond James in 2019, after 22 years with Ameriprise Financial has more than 25 years of experience in the financial services and wealth management industry. The Hendel Wealth Management Group team has grown to 12 employees and now includes three locations with the completion of the merger with Pettersen. In 2022, Hendel will be focused on an ambitious growth agenda that will lead to additional mergers in the near future.

Hendel Wealth Management Group offers services in the areas of Investments, Retirement Planning Strategies, Retirement Income Strategies, Insurance, Saving for Education, Wealth Preservation Strategies, Retirement Plan Distribution, Estate Planning Strategies, Business Retirement Plans and Tax Planning Strategies. For more information, visit www.hendelwmg.com.

Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC.

Hendel Wealth Management Group is not a registered broker/dealer and is independent of Raymond James Financial Services. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Hendel Wealth Management Group is located at 95 Smithtown Blvd., Smithtown NY / 631-239-3000.

About Forbes ranking of Best-In-State Wealth Advisors

Data provided by SHOOK^® Research, LLC. Data as of 6/30/21. Forbes.com (April 2022).

The Forbes ranking of Best-In-State Wealth Advisors, developed by SHOOK^® Research, is based on an algorithm of qualitative criteria, mostly gained through telephone and in-person due diligence interviews, and quantitative data. Those advisors that are considered have a minimum of seven years of experience, and the algorithm weights factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. In 2020, out of approximately 32,00 nominations, more than 4,000 advisors received the award. In 2021, out of approximately 32,725 nominations, more than 5,000 advisors received the award. In 2022, out of approximately 34,925 nominations, more than 6,550 advisors received the award. This ranking is not indicative of an advisor's future performance, is not an endorsement, and may not be representative of individual clients' experience. Neither Raymond James nor any of its Financial Advisors or RIA firms pay a fee in exchange for this award/rating. Raymond James is not affiliated with Forbes or SHOOK^®Research, LLC. Please visit forbes.com/best-in-state-wealth-advisors for more info.