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Rich Hewlett Purchases Berteotti Insurance and Financial Services

The Berteotti Insurance and Financial Services team. L-R: Ginny & Lou Bereotti, Barb Stroup, Adrian Webber, Ben Aaron, Robyn Rhodes, Rich Hewlett, Kim Titley, Michael Bonnett. Missing from photo is Matt Berteotti.


Rich Hewlett Purchases Berteotti Insurance and Financial Services

Lou Berteotti began his career as a life insurance agent living in Butler County. He then moved to Clarion County and later began “Berteotti Insurance and Financial Services”. In 2000 he moved his office to its present location in Shippenville, Pa.

Rich started working for the firm on October 1, 2021 and finalized the purchase on January 1, 2022. Lou was confident that Rich was the perfect successor for the company because they share the same work ethic and investment philosophy on which the practice was built for the past 48 years. Rich said, “I love Lou’s business model. He has always strived to put his client’s needs and values above all. That’s what attracted me to ultimately purchase the business.”

Rich grew up in Pittsburgh. He worked construction to put himself through college, working full time during the day and attending school, full time, at night. In his career of 31 years, Rich worked primarily helping advisors care for their clients. Most recently, he was Senior Regional Vice President for Pacific Life, educating and assisting advisors throughout WVA, NY, and PA. Rich is a certified retirement counselor (CRC®) and received his MBA from Point Park University and is looking forward to working directly with clients.

Rich is looking to grow the infrastructure of the business internally. He says they are upgrading the technology and plan on adding talented team members. In his opinion, the reputation of the business is second to none in the area. Rich intends to build upon that reputation and take it to the next level.

The entire staff transitioned with Rich. Lou and Rich both say the support staff is an incredibly talented group of individuals and are very client-centric. Barb Stroup, the office manager, has extensive operational, investment, and industry knowledge in addition to being actively involved in the community. Michael Bonnett, CFP® is highly credentialed, and has an exceptional level of investment and planning knowledge, with 23 years of industry experience. Lou will be remaining with the company during the transition, and then part-time to continue helping Rich to become familiar with all of their clients. Lou extends his thanks to all of his clients for allowing him the opportunity to help them to pursue their financial goals and to serve them throughout the years and becoming “part of their families”.

Berteotti Insurance and Financial Services is located at 21119 Paint Blvd., (Rt. 66) Shippenville, PA 16254. And can be reached by phone at (814) 226-4522, or toll free at (877) 642- 7526. Securities offered through LPL Financial, Member FINRA/SIPC

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