5707 Southwest Parkway
Austin, TX 78735
Clearing firm: National Financial Services LLC
No. advisers: 1,761
Year founded: 1996
Year end: Dec. 31
No. of retail offices: 656
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 tools available to you through Kestra Financial.
Financial advisor acquisitions are multiplying, and it's vital advisors understand what separates a truly successful acquisition from the rest. We explored commissioned research to learn how to find the right match and manage the transition successfully; resulting in a deal that retains clients and boosts your bottom line.
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.
|No. of reps||1,712||1,761||1,760|
|No. of producing reps||1,321||1,383||1,393|
|No. of reps producing $100K-$499K /year||458||469||433|
|Total revenues: Other||$46,577,760||$23,565,777||$20,547,949|
|Total account assets||$70,371,925,699||$66,904,440,052||$54,889,593,564|
|Total account assets: Other||$53,685,905,593||$51,560,851,121||$42,193,051,520|
|Average assets per rep||$39,961,343||$38,013,886||$33,185,970|
March 22, 2017 - Five advisers who collectively manage $250 million in assets have joined forces to create an independent firm, The Strategic Wealth Management Group, based in Mansfield, Ohio. Three of the principals â€” Jeremy Swank, Rob Hassman and Greg Kibler â€” most...
January 22, 2017 - The 2017 InvestmentNews independent-broker-dealer directory is based on information provided by 90 eligible firms. To be considered for future listings, contact INResearch@investmentnews.com. Visit InvestmentNews.com/bddata for more-complete profiles....
October 16, 2016 - Top-ranked firms by net change in AUM Firm Gained AUM($M) Lost AUM($M) Net change($M) Gained # of teams Lost # of teams Raymond James 9,768 300 9,468 14 1 6 Meridian 2,200 0 2,200 1 0 RBC Wealth Management 1,824 0 1,824 5 0 Stifel Nicolaus & Co. 1,445...
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...
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...
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...
May 10, 2016 - Foothill Securities Inc., an adviser-owned independent broker-dealer with 220 registered reps under its roof, is in â€śserious discussionsâ€ť to be acquired by a larger firm, according to its chairman, John Burroughs. Four firms currently in discussion...
April 28, 2016 - Independent broker-dealer merger-and-acquisition activity continued its steady pace in 2016 as National Holdings Corp. said Thursday that it had reached an agreement to be acquired by Fortress Biotech Inc., a biopharmaceutical company that develops novel...
April 4, 2016 - Yet another insurance company is getting out of the broker-dealer business. NFP Corp., a leading insurance broker and consultant, on Monday said it was selling a majority stake of its independent broker-dealer, NFP Advisor Services, to funds managed by...
- N/A = Not available
- N/D = Not disclosed
- — = Information not available or not disclosed
All 2011-2015 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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