Kestra Financial, Inc
5707 Southwest Parkway Bldg 2 Suite 400
Austin, TX 78735
Clearing firm: Fidelity Clearing and Custody Solutions
No. advisers: 1,753
Year founded: 1996
Year end: Dec. 31
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||1,753||1,876||1,712|
|No. of producing reps||—||1,339||1,321|
|No. of reps producing $100K-$499K /year||—||460||458|
|Total revenues: Other||$42,231,051||$44,704,384||$46,577,760|
|Total account assets||$75,838,884,141||$75,604,901,006||$70,371,925,699|
|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|
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...
February 15, 2019 - Warburg Pincus is among the private equity managers interested in acquiring Kestra Financial Inc., according to two industry sources. Bids were due this week for the independent broker-dealer, and a sale could be announced within the next few weeks, according...
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 â€” Michael McCarthy, Andrew Pincus, Gregg Gottlieb and Fred DaVeiga...
December 14, 2018 - Kestra Financial Inc. is the latest large independent broker-dealer to be put up for sale and is currently being shopped around by its private equity parent, according to industry sources. Kestra was formerly known as NFP Advisors when it was owned by...
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 18, 2018 - Has Trust Company of America hitched its wagon to a star or turned its back on loyal clients? It depends on whom you ask. Either way, the $275 million acquisition in April of TCA by discount broker ETrade has the custodian world buzzing. In one corner...
- 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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