Kestra Financial, Inc

Kestra Financial, Inc


5707 Southwest Parkway Bldg 2 Suite 400

Austin, TX 78735


Clearing firm: Fidelity Clearing and Custody Solutions

No. advisers: 1,943

AUM: $77,348,772,049

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 ExecutiveKris Chester
Recruiting ContactDaniel Schwamb
(737) 443-2400
Compliance ContactMike Pedlow
(737) 443-2800
Marketing ContactAmy Gordona
(737) 443-2042
Technology Operations ContactKevin Witt

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.

2018 2017 2016
No. of reps1,9431,8761,712
No. of producing reps1,3351,3391,321
No. of reps producing $100K-$499K /year493460458

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2018 2017 2016
Total revenues$549,198,316$475,417,323$423,079,103
Commission revenues$195,629,670$187,623,254$180,620,132
Fee revenues$303,041,167$245,563,018$197,754,585
Total revenues: Other$47,303,985$42,231,051$44,704,384
2018 2017 2016
Total account assets$77,348,772,049$75,838,884,141$75,604,901,006
Fee-based assets$24,599,096,160$23,617,545,595$19,206,317,037
Total account assets: Other$52,749,675,889$52,221,338,546$56,398,583,969
Average assets per rep$39,808,941$40,425,844$44,161,741

OSJ managing $230 million switches to Kestra from Cambridge

August 6, 2019 - Alpha Wealth Advisors, a hybrid adviser and office of supervisory jurisdiction managing $230 million in Glen Allen, Va., has switched its broker-dealer and registered investment adviser affiliation to Kestra Financial from Cambridge Investment Group....

Los Angeles-area hybrid managing $500 million switches to LPL from Kestra

July 22, 2019 - Charton Financial Group, a new Encino, Calif.-based hybrid, has affiliated with LPL Financial's broker-dealer and will use its corporate registered investment adviser. Edward Charton, principal of the firm, had been affiliated with FMS Financial Partners,...

Ohio advisory firm managing $206 million moves to Kestra

July 10, 2019 - Merkel Financial, a Columbus, Ohio-based independent firm managing $206 million, has switched affiliations. After 26 years with Principal Securities, Merkel has affiliated with Kestra Financial Inc. The firm is led by Michelle M. Merkel. (More: Top independent...

Finra catches Kestra Financial overcharging customers

February 14, 2019 - Kestra Financial has been fined $225,000 and required to pay $1.9 million in restitution for overcharging more than 3,200 mutual fund investors over a nine-year period, Finra announced. The Financial Industry Regulatory Authority Inc. reached a settlement...

Hybrid team managing $350 million joins LPL from Kestra

January 23, 2019 - Regal Wealth Advisors, a hybrid firm managing $350 million, has switched its brokerage and advisory affiliations from Kestra Financial to LPL Financial. The firm's four financial advisers — Michael McCarthy, Andrew Pincus, Gregg Gottlieb and Fred DaVeiga...

Advisory firms make their mark by running strong businesses

November 24, 2018 - InvestmentNews recognized 11 financial advice firms with Best Practices Awards on Nov. 13 at a ceremony in Boston. These firms rank among the top quartile of 385 independent advisory firms that participated in the 2018 InvestmentNews Pricing and Profitability...

Two firms overseeing $378 million affiliate with Woodbury

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...

  • 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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