Kestra Financial, Inc
5707 Southwest Parkway Bldg 2 Suite 400
Austin, TX 78735
Clearing firm: National Financial Services LLC
No. advisers: 1,876
Year founded: 1996
Year end: Dec. 31
No. of retail offices: 652
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||1,876||1,712||1,761|
|No. of producing reps||1,339||1,321||1,383|
|No. of reps producing $100K-$499K /year||460||458||469|
|Total revenues: Other||$42,231,051||$44,704,384||$46,577,760|
|Total account assets||$75,838,884,141||$75,604,901,006||$70,371,925,699|
|Total account assets: Other||$52,221,338,546||$56,398,583,969||$53,685,905,593|
|Average assets per rep||$40,425,844||$44,161,741||$39,961,343|
August 18, 2018 - Has Trust Company of America hitched its wagon to a star or turned its back on loyal clients? It depends on whom you ask. Either way, the $275 million acquisition in April of TCA by discount broker ETrade has the custodian world buzzing. In one corner...
August 8, 2018 - Life Wealth Principles, which oversees $312 million in assets in Golden, Colo., and National Financial Advisors, which oversees $66 million in assets in Denver, have affiliated with Woodbury Financial Services. Life Wealth Principles, headed by Mitch...
June 25, 2018 - Continuing the churn in LPL Financial's recruiting group, the leader of the unit, Bill Morrissey, managing director and head of business development, is retiring and being replaced by a wirehouse veteran. Mr. Morrissey has been with LPL for more than...
June 20, 2018 - The Potter Financial Group, a hybrid managing $130 million in Durham, N.C., has switched its affiliation from Kestra Financial to Commonwealth Financial Network. Making the change are partners Charlie Potter, Chip Roe and Price French, and associate Jason...
May 14, 2018 - An industry powerhouse when it comes to recruiting, LPL Financial has recently seen several senior and mid-level recruiters jump ship or retire. The most conspicuous departure was disclosed last week, when Cetera Financial Group said it hired Michael...
May 9, 2018 - Bill Kline, the head of Arthur J. Gallagher & Co.'s retirement plan consulting unit — which has more than 60 advisers overseeing $55 billion in defined-contribution-plan assets — has left amid a reorganization of his group. Mr. Kline, 53, who was...
- 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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