5707 Southwest Parkway
Austin, TX 78735
Clearing firm: National Financial Services LLC
No. advisers: 1,712
Year founded: 1996
Year end: Dec. 31
No. of retail offices: 656
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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||$44,704,384||$46,577,760||$23,565,777|
|Total account assets||$75,604,901,006||$70,371,925,699||$66,904,440,052|
|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||$38,013,886|
August 10, 2017 - If LPL Financial Holdings Inc. acquires the four broker-dealers in the National Planning Holdings' network, the largest independent contractor broker-dealer could see earnings growth next year of 20%, according to Steven Chubak, an analyst at Nomura Securities....
August 9, 2017 - With speculation swirling about an imminent sale of the four National Planning Holdings Inc. broker-dealers, the network's CEO, Scott E. Romine, last week took the extraordinary step to send an email to the 3,500 reps and advisers affiliated with the...
August 8, 2017 - The market for independent broker-dealer mergers saw its second sizeable deal in as many weeks as Kestra Financial Inc. said Tuesday it had acquired a 600 rep and adviser firm owned by insurance company H. Beck Inc. Terms of the deal were not disclosed....
August 7, 2017 - CLEARING FIRMS Listed by reported number of broker-dealer clients Firm Phone/website # of clients % change vs. 2016 Contact Phone/email Pershing (800) 445-4467 714* -3.90% Michael Row (800) 445-4467 One Pershing Plaza, Jersey City, NJ 07399 pershing.com/who-we-serve/broker-dealers...
May 24, 2017 - Despite the regulatory pressure on financial advisers to transition to an entirely fee-based business, the hybrid model remains an important option to fully service high-net-worth and mass affluent clients. Hybrid advisers, also known as dually-registered...
April 23, 2017 - Top 50 IBDs ranked by 2016 revenue Bubble view By group Table view Firm 2016 revenue ($M) % change vs. 2015 2016 commission revenue ($M) % change vs. 2015 2016 fee revenue ($M) % change vs. 2015 2016 other revenue ($M) % change vs. 2015 1 LPL Financial...
January 22, 2017 - The 2017 InvestmentNews independent-broker-dealer directory is based on information provided by 90 eligible firms. To be considered for future listings, contact INResearch@investmentnews.com. Visit InvestmentNews.com/bddata for more-complete profiles....
January 22, 2017 - If past is prologue, 2017 should see a steady pace of independent broker-dealer consolidation and mergers and acquisitions. Last year saw transactions involving firms that house thousands of registered reps and financial advisers as the industry scrambled...
October 16, 2016 - Top-ranked firms by net change in AUM Firm Gained AUM($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...
- 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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