LPL Welcomes Women Investors | West Texas Investments
- LPL Financial has added West Texas Investments, an advisory team based in Lubbock, Texas, to its platform.
- West Texas Investments,a women-led team,was founded in 2012 by Stewart and the late David Barber.Hedgcoth joined in 2018, bringing 25 years of IRS experience, and Wentland joined in...
- Wentland said that moving to LPL Financial will help them achieve their goals, citing LPL's technology and back-office support as crucial factors in their decision to transition to...
West Texas Investments, a women-led team managing $170 million, has joined LPL Financial, signaling a important move in the financial advisory space. The decision, driven by the team’s need for advanced technology and robust back-office support, underscores a growing trend of independent advisory teams seeking enhanced resources to serve their clients better. Stephanie Stewart, Debra Hedgcoth, and Madison Wentland emphasize a client-first approach, and their transition highlights LPL Financial’s appeal to advisors aiming for greater independence and operational efficiency. This strategic shift will help the team achieve their business goals.Could this be the start of a larger trend? Discover what’s next with News Directory 3.
LPL Financial Welcomes West Texas Investments
Updated May 27, 2025
LPL Financial has added West Texas Investments, an advisory team based in Lubbock, Texas, to its platform. The team,which includes Stephanie Stewart,Debra Hedgcoth,and Madison Wentland,previously oversaw approximately $170 million in assets at B. Riley Wealth Advisors.
West Texas Investments,a women-led team,was founded in 2012 by Stewart and the late David Barber.Hedgcoth joined in 2018, bringing 25 years of IRS experience, and Wentland joined in 2019. The team emphasizes a client-first approach to financial planning.
Wentland said that moving to LPL Financial will help them achieve their goals, citing LPL’s technology and back-office support as crucial factors in their decision to transition to the broker-dealer, RIA, and custodial platforms.
“I was taught that you design your own life, and part of that means working towards a future that aligns with your values and aspirations. Moving our business to LPL will help us achieve that goal.”
The addition of West Texas Investments follows other recent moves to LPL, including Trimp Wealth Management, which manages $220 million. LPL Financial continues to expand its network of financial advisors.
What’s next
West Texas Investments aims to leverage LPL’s resources to enhance its client service and expand its reach in the West Texas region. LPL Financial will likely continue to attract independent advisory teams seeking greater autonomy and support.