Kestra Financial, Inc
5707 Southwest Parkway Bldg 2 Suite 400
Austin, TX 78735
Clearing firm: Fidelity Clearing and Custody Solutions
No. advisers: 1,943
Year founded: 1996
Year end: Dec. 31
No. of retail offices: 656
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||1,943||1,876||1,712|
|No. of producing reps||1,335||1,339||1,321|
|No. of reps producing $100K-$499K /year||493||460||458|
|Total revenues: Other||$47,303,985||$42,231,051||$44,704,384|
|Total account assets||$77,348,772,049||$75,838,884,141||$75,604,901,006|
|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|
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....
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,...
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...
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...
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...
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...
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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