Kestra Financial

Kestra Financial

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5707 Southwest Parkway

Austin, TX 78735

844-553-7872

kestrafinancial.com

Clearing firm: National Financial Services LLC

No. advisers: 1,712

AUM: $75,604,901,006

Year founded: 1996

Year end: Dec. 31

No. of retail offices: 656

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Additional data available to subscribers:
  • No. of reps, male
  • No. of reps, female
  • No. of producing reps, male
  • No. of producing reps, female
  • No. of reps producing $500K+ /year
  • No. of CFPs
  • No. of full-time employees
  • No. of fee-based advisers served
  • Average payout per rep, per year
  • Avg. annual production of top 20% reps
  • Total payout, per year
  • Cost of E&O insurance per rep, per year
  • Affiliation fees charged per rep, per year
  • Affiliation fee coverage
  • Securities revenues
  • Securities revenues: Stocks
  • Securities revenues: Bonds
  • Securities revenues: ETFs
  • Securities revenues: Other
  • Mutual fund revenues
  • Annuities revenues
  • Annuities revenues: Fixed
  • Annuities revenues: Variable
  • Annuities revenues: Other
  • Insurance revenue
  • Insurance revenues: Life
  • Insurance revenues: Disabilities
  • Insurance revenues: LTC
  • Insurance revenues: Other
  • Alternative revenues
  • Alternative revenues: Hedge funds
  • Alternative revenues: Managed futures
  • Alternative revenues: Private placements
  • Alternative revenues: REITs
  • Alternative revenues: Other
  • Other commission revenues
  • Fee revenues: Rep-managed accounts
  • Fee revenues: Firm-managed accounts
  • Fee revenues: Outside-managed accounts
  • Fee revenues: Other
  • Fee-based assets: Clearing firm
  • Fee-based assets: Advisory firm platforms
  • Fee-based assets: Third-party money managers
  • Fee-based assets: Other
  • Is the firm, or an affiliate of the firm, registered as an investment adviser with the SEC?
  • Allows an adviser to have his/her own RIA
  • RIA platform AUM
  • Offers robo-advisory platform?
  • If not, when plans to offer a robo-platform
  • Robo-advice services offered
  • How robo-platform developed
  • Charge for robo-advisory services?

For More Information

CEOJames L. Poer
Top ExecutiveJames L. Poer
Recruiting ContactDaniel Schwamb
737-443-2400
E-mail
Compliance ContactMike Pedlow
737-443-2800
E-mail
Marketing ContactKristen LeClair
737-443-2600
E-mail
Technology Operations ContactKevin Witt
737-443-2200
E-mail

Company Overview

Kestra Financial leads the industry in wealth management, service and technology solutions, and practice enrichment. Our independent RIA and broker/dealer services are powered by over 20 years of industry experience and are taking flight to elevate the level of personalized service you deserve. Kestra Financial gives our independent financial advisors unmatched opportunities to grow their business. When you partner with us, you are investing in a partnership that enables you to see your entire practice more clearly.

2016 2015 2014
No. of reps1,7121,7611,760
No. of producing reps1,3211,3831,393
No. of reps producing $100K-$499K /year458469433

Payout grid is available to Data Center subscribers only.

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2016 2015 2014
Total revenues$423,079,103$427,492,597$420,167,326
Commission revenues$180,620,132$201,601,046$250,006,347
Fee revenues$197,754,585$179,313,791$146,595,202
Total revenues: Other$44,704,384$46,577,760$23,565,777
2016 2015 2014
Total account assets$75,604,901,006$70,371,925,699$66,904,440,052
Fee-based assets$19,206,317,037$16,686,020,106$15,343,588,931
Total account assets: Other$56,398,583,969$53,685,905,593$51,560,851,121
Average assets per rep$44,161,741$39,961,343$38,013,886

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Transamerica loses $1 billion team to Kestra Financial

July 29, 2016 - A team of advisers with nearly $1 billion in client assets has left Transamerica Financial Advisors Inc. to join Kestra Financial Inc. The Wiser Financial Group, based in Kalamazoo, Mich., specializes in retirement, wealth management, risk management...

Securities America to acquire independent broker-dealer Foothill Securities

July 27, 2016 - Securities America Inc. has agreed to acquire rep-owned, independent broker-dealer Foothill Securities Inc., according to two industry sources. In May, Foothill Securities chairman John Burroughs said that Foothill, an adviser-owned firm with 220 registered...

Kestra Financial: Empowering Advisor Success

July 1, 2016 - Kestra Financial gives our independent financial advisors unmatched opportunities to grow their business through elite access, leading services, integrated technology and practice enrichment. Explore all of the industry leading and practice-enriching...

LPL, Cambridge and others in 'serious' talks to buy Foothill Securities

May 10, 2016 - Foothill Securities Inc., an adviser-owned independent broker-dealer with 220 registered reps under its roof, is in “serious discussions” to be acquired by a larger firm, according to its chairman, John Burroughs. Four firms currently in discussion...

    Notes
  • N/A = Not available
  • N/D = Not disclosed
  • — = Information not available or not disclosed

All 2011-2016 recruitment and staffing data is as of Dec. 31 in the calendar year displayed. Prior year recruitment and staffing data is as of Sept. 30. All financial figures are for firms' year end, unless noted.

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