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Kestra Financial Wins $2.3 Billion In New Recruitment Assets During Third Quarter of 2021

·3 min read

Strong quarterly results attributed to unique firm culture and robust financial planning environment

AUSTIN, Texas, November 18, 2021--(BUSINESS WIRE)--Kestra Financial, an industry-leading wealth management platform, today announced its latest quarterly recruitment results.

During the third quarter of 2021, the firm welcomed 21 new financial professionals and 13 new groups with over $2.3 billion in collective assets under management. These additions have an average production of over $700,000 and align with Kestra Financial’s consistent track record of ranking in the top 10 independent firms for average payout and production.

Third quarter additions include:

Note: The asterisk (*) represents recruits who joined through Kestra Private Wealth Services.

"After an unprecedented year in 2020, the wealth management landscape has stabilized and experienced robust growth amid heightened demand for financial advice," said Daniel Schwamb, Executive Vice President of Business Development at Kestra Financial. "This has led many financial professionals to seek higher-touch support that both expands their capabilities and enhances their client service. Furthermore, the return of in-person visits have enabled us to establish new connections and showcase Kestra Financial’s differentiated culture."

Financial professionals can choose independence through Kestra Financial’s direct model or Kestra Private Wealth Services, a registered investment adviser subsidiary of Kestra Financial that provides full-service support for wirehouse breakaway teams.

Year to date, Kestra Financial has added 51 financial professionals with approximately $4.35 billion in total assets.

To learn more about how Kestra Financial empowers success for wealth management professionals, visit www.kestrafinancial.com or call 1-800-508-SOAR.

About Kestra Financial

Kestra Financial, a division of Kestra Holdings encompassing the Kestra-branded broker-dealer and investment advisers, provides a leading independent wealth management platform that empowers sophisticated, independent financial professionals, including traditional and hybrid RIAs, to prosper, grow, and provide superior client service. With a culture rich in reinvention, Kestra Financial has developed integrated business management technology that, combined with its personalized consulting services, offers exceptional scale and efficiency. Headquartered in the "Silicon Hills" of Austin, Texas, Kestra Financial offers an experience as unique as the city in which it operates. The firm supports more than 1,800 independent financial professionals in delivering comprehensive securities and investment advisory services to their clients.

The Kestra Financial division includes Kestra Private Wealth Services, LLC (Kestra PWS), Kestra Advisory Services, LLC (Kestra AS) and Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Securities offered through registered representatives of Kestra IS. Investment advisory services offered through appropriately licensed representatives of Kestra AS or Kestra PWS. Except for the referenced Kestra companies, Kestra IS, Kestra AS, or Kestra PWS are not affiliated with other entities referenced in this publication.

For more information about Kestra Financial, please visit www.kestrafinancial.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211118005334/en/


Gregory FCA for Kestra Financial
Jill Fritz, 484-832-7034