Riverview Bank, the subsidiary of Riverview Financial Corporation (OTCQX: RIVE), announces the acquisition of the independent financial advisory Palmyra, Pennsylvania firm Your Vision Financial Services, which will continue to operate from its current Palmyra office location under the name Riverview Wealth Management, and the addition of Jeffrey Krall, a long term, experienced financial advisor, to their team of professional financial advisors. Jeff will continue to operate from his current Palmyra location, ensuring a smooth transition for his existing clients as they continue to work directly with Jeff on a long term basis.
Your Vision Financial Services has successfully served the Palmyra and surrounding markets, developing investment and insurance solutions with the client's vision as a guide. According to Brett D. Fulk, Riverview Financial Corporation President, "The vision, work ethic, and professional financial guidance provided by Jeff Krall for his clients will not change as a result of this new partnership with Riverview Wealth Management. We look forward to supporting Jeff as he continues to operate as he has as an independent advisor, providing him with additional products and services for the benefit of his clients, should new needs arise as their financial situations change over time".
With extensive experience in wealth management, Jeff Krall owned and operated Your Vision Financial Services, and was previously an investment advisor at other Central Pennsylvania financial institutions, which he indicates were quite different than the Riverview opportunity. "Riverview Wealth Management has a different, highly unique model when compared to my past experiences with financial institutions", stated Krall, "While offering financial advisory services to their clients, Riverview favors an independent model of operation for their financial advisors, which is why I will continue to operate from my current location. However, Riverview does offer additional support in terms of administrative personnel, capital and expansion opportunities that are largely unavailable to many independent firms on their own." Krall concluded, "In many ways, this relationship provides the `best of both worlds` for an independent advisor looking for long term stability and support for thei r clients."
Krall said he expects client transition to be seamless. "Riverview's style of service will be a good fit for my existing clientele and I am excited to be in a position to service additional retail investment clients from Riverview's branch network in the near future," he said.
Brett Fulk also noted, "Jeff's local presence, knowledge of his market, and commitment to delivering high quality, personalized service is an excellent fit for Riverview's 'Hometown' style of banking, a style that continues to grow in appeal given the ongoing disruption of service providers in our markets".
Jeff Krall is a lifelong resident of Lebanon County and currently resides in Annville, Pennsylvania with his wife and four children.
Riverview Financial Corporation trades on the OTCQX market under the ticker symbol RIVE. Riverview has consolidated assets of $536.9 million, and is the bank holding company for its wholly owned subsidiary, Riverview Bank, which serves the communities of Somerset, Dauphin, Schuylkill, Berks, Perry, and Northumberland Counties.
