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 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||1,943||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 17, 2019 - CLEARING FIRMS Listed by reported number of broker-dealer clients Firm Phone/website # of clients % change vs. 2018 Contact Phone/email Pershing One Pershing Plaza, Jersey City, NJ 07339 (800) 445-4467 pershing.com 625 -4.40% Michael Row Chief relationship...
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 20, 2019 - Brock Johnson, president, global retirement and workplace solutions, â€¨Morningstar Investment Management â€œWe have so much more data today. Broker-dealers and advisers in the past might have been trying to provide scalable advice in a way, saying, here's...
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...
May 14, 2019 - A few years ago, the independent broker-dealer industry was supposed to be in its death throes. Margins were in sharp decline. Costs from technology and regulation, in particular the Department of Labor's dreaded fiduciary rule, were eroding profits....
February 25, 2019 - Kestra Financial Inc. has agreed to sell a majority stake in the firm to private-equity shop Warburg Pincus, the independent broker-dealer announced Monday morning. Stone Point Capital, the private-equity firm that currently holds a majority interest...
- 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.
Purchase the complete set of our independent broker-dealer data and profiles in an Excel spreadsheet.
For comments or suggestions about the Adviser Center, please contact us.
Disclaimer: All data and information is the property of InvestmentNews and is protected by copyright and other intellectual property laws. All rights are reserved by InvestmentNews. The data may only be used for internal business use such as to develop a mailing list but the data may not be resold, republished, redistributed, sublicensed or publicly displayed on a web site without the permission of InvestmentNews. All information contained within was obtained through InvestmentNews' annual independent B-D surveys.