Kestra Financial, Inc

Kestra Financial, Inc

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5707 Southwest Parkway Bldg 2 Suite 400

Austin, TX 78735

844-553-7872

kestrafinancial.com

Clearing firm: National Financial Services LLC

No. advisers: 1,876

AUM: $75,838,884,141

Year founded: 1996

Year end: Dec. 31

No. of retail offices: 652

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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 ContactMark Schoenbeck
737-443-2700
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.

2017 2016 2015
No. of reps1,8761,7121,761
No. of producing reps1,3391,3211,383
No. of reps producing $100K-$499K /year460458469

Payout grid is available to Data Center subscribers only.

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2017 2016 2015
Total revenues$475,417,323$423,079,103$427,492,597
Commission revenues$187,623,254$180,620,132$201,601,046
Fee revenues$245,563,018$197,754,585$179,313,791
Total revenues: Other$42,231,051$44,704,384$46,577,760
2017 2016 2015
Total account assets$75,838,884,141$75,604,901,006$70,371,925,699
Fee-based assets$23,617,545,595$19,206,317,037$16,686,020,106
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

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LPL Financial taps wirehouse veteran to lead recruiting effort

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...

Potter Financial shifts from Kestra to Commonwealth

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...

    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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