A former LPL Financial advisor who pleaded guilty to sexual assault on a child by one in a position of trust is headed to prison after allegedly contacting the now 20-year-old victim repeatedly.
David Arthur Wismer III received a sentence of four years to life in prison after again pleading guilty — this time to violating his probation,
Wismer’s incarceration comes the same year a former Commonwealth Financial Network advisor from Oregon
Wismer allegedly spoke to the former teenage victim on the phone more than 100 times during a 10-month period last year, even though he was forbidden to have any contact with her. The plea deal had previously enabled him to avoid prison time, though he spent about 60 days in jail awaiting a trial.
An attorney for Wismer, who’s being held once more in county jail pending a transfer to state prison, says that the victim had been texting and calling him.
"He has accepted responsibility for his actions towards the victim that led to the charges," says Rick Bednarski of the Sherman & Howard law firm. "He also has accepted full responsibility for continuing to have contact with her, even though he didn't initiate it. ... It's frustrating, but we also know that he had to accept his own responsibility, and he did that."
Wismer left LPL after 14 years in May 2017, a month after authorities charged him with first degree burglary, first degree assault and stalking,
Representatives for LPL confirmed his departure but didn’t say whether the firm fired Wismer at the time of his exit.
Bednarski claimed at the hearing that the victim tried to extort the former advisor into paying her for not turning him in, the Gazette
“They’re still trying to portray him as someone who was trapped, but it was a 50-year-old man who groomed a child into having sex with him for years,” the victim’s family member said to the Gazette. “She wakes up in the middle of the night screaming. She has lost trust in everyone around her.”
The former advisor had been president of Wismer Wealth Management Group after stints with the Ameriprise forerunner firm American Express Financial Advisors and as a financial analyst with Blue Cross of California, according to his LinkedIn profile. He was also previously a CFP.
Wismer's probation officer agreed with prosecutors' view that there should be prison time, according to Bednarski, who says it's difficult to avoid a sentence under those circumstances. Wismer will become eligible to apply for parole in 2024.