Kestra Financial Closes Out 2020 with $5.3 Billion in New Recruitment Assets

AUSTIN, Texas–(BUSINESS WIRE)–Feb 4, 2021–
After wrapping up an unprecedented year, industry-leading wealth management platform Kestra Financial today announced its annual recruitment results.
The firm added $5.3 billion in new assets in 2020. Additions include:

  • Larry Krmpotich, Riverfront Wealth Management

Note: The asterisk (*) represents recruits who joined through Kestra Private Wealth Services.
“2020 will go down in history as one of the most challenging years for our economy, yet we observed one pervasive trend in wealth management: The pursuit of independence,” said Stephen Langlois, President of Kestra Financial. “In fact, more than half of our new recruits sought to leave the employee model of wirehouses.”
Financial professionals can choose independence directly from the wirehouse through Kestra Financial or Kestra Private Wealth Services, a full-service offering including real estate, equipment, compliance, and technology.
“Our recent success wouldn’t have been possible without our team’s commitment to culture and relentless pursuit of high-touch service,” said Daniel Schwamb, Executive Vice President of Business Development. “This, coupled with our nimble technology infrastructure, enabled us to adapt quickly to the virtual environment.”
Learn more about how Kestra Financial empowers success for wealth management professionals by visiting www.kestrafinancial.com or calling 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/20210204005232/en/
CONTACT: Media:
Gregory FCA for Kestra Financial
Jen Diehl, 610-228-2124
kestra@gregoryfca.com
KEYWORD: TEXAS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE
SOURCE: Kestra Financial
Copyright Business Wire 2021.
PUB: 02/04/2021 09:00 AM/DISC: 02/04/2021 09:01 AM
http://www.businesswire.com/news/home/20210204005232/en