Austin-based Kestra Financial, a Kestra Holdings company with a couple of corporate RIAs and a broker/dealer overseeing $108 billion in assets under management, continues to expand its reach in the wealth management industry. With a focus on strategic acquisitions and investments, Kestra Financial is positioning itself as a leader in the field.
Recently, Kestra Private Wealth Services LLC took a position in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG), showcasing their commitment to diversifying their investment portfolio. This move signals Kestra Financial's dedication to providing their clients with a wide range of investment options to meet their financial goals.
In addition, Kestra Private Wealth Services LLC made a new $583,000 investment in Vanguard Global ex-U.S. Real Estate ETF (NASDAQ:VNQI) at Defense, further demonstrating their proactive approach to managing their clients' assets. By staying ahead of market trends and making strategic investments, Kestra Financial ensures that their clients' portfolios are well-positioned for growth.
Kestra Financial announced the onboarding of Element Wealth Advisors, expanding their network of financial professionals and enhancing their service offerings. This strategic partnership will bring new expertise and resources to Kestra Financial, allowing them to better serve their clients and drive continued growth.
Another notable addition to Kestra Financial's roster is BYRT Financial Advisors, a $134 million Georgia legacy firm poised for robust growth. By onboarding firms like BYRT Financial Advisors, Kestra Financial strengthens its position as a leading wealth management platform, attracting top talent and expanding its client base.
Kestra Private Wealth Services, a registered investment adviser subsidiary of Kestra Financial, Inc., is making waves in the industry with over $1.3 billion in assets under management. Their commitment to personalized financial planning and investment management has earned them a reputation for excellence among high-net-worth individuals and institutional clients.
In a strategic move, Kestra Financial added Borger Financial Services (“BFS”) to its roster, further enhancing their suite of services and expanding their geographic reach. By partnering with firms like BFS, Kestra Financial is able to offer a comprehensive range of wealth management solutions to clients across the country.
Will Gungoll's departure from Edward Jones to found Buffalo Capital, a firm honoring his Native American heritage and community, highlights the entrepreneurial spirit and diversity within the wealth management industry. As more professionals like Gungoll strike out on their own, Kestra Financial remains a trusted partner for advisors looking to grow their businesses and serve their clients effectively.
