SAN DIEGO--(BUSINESS WIRE)--Kestra Private Wealth Services, LLC (Kestra PWS), a registered investment advisor subsidiary of Kestra Financial, Inc., that supports independent advisor teams nationwide, announces the addition of White Cap Wealth Management (White Cap).
Based in Provo, Utah, the advisory team at White Cap Wealth Management oversees approximately $150 million in assets and is led by David Johnston, President, and KC Johnston, Chief Financial Officer.
The White Cap team has a combined 40 years of wealth management experience, specializing in individual investment management, executive stock compensation consultation, and 401(k) design and implementation for plan sponsors, among other areas.
“When it came time to break free from the wirehouse environment, we wanted to partner with a firm that gave us all the tools, support, and guidance needed so we could focus on growing our practice. Kestra PWS really delivered on that front,” said David Johnston. “We chose Kestra PWS because of the accessibility of the team, the boutique-like atmosphere it cultivates and the proven track record of empowering advisors to take control of their own destiny.”
The partnership continues Kestra PWS’ recruiting momentum and success in helping wirehouse advisors find independence.
“At Kestra PWS, our business is centered on building and maintaining close relationships with our advisors. Advisors want to be out of the wirehouse, but they don’t want to be isolated,” said Rob Bartenstein, CEO of Kestra PWS. ”We’re eager to help the White Cap team build a long-lasting legacy and continue to provide excellent, hands-on service to their clients.”
About Kestra Private Wealth Services
Named on the Inc. 5000 2016: The Full List as one of the fastest-growing private companies in America, Kestra Private Wealth Services, LLC (Kestra PWS) is a hybrid registered investment advisor (RIA) supporting fee and transaction-based independent financial advisor teams across the nation. Kestra PWS was established by wirehouse veterans with the express purpose of enabling former wirehouse financial advisors to achieve independence and growth. The firm's platform is comprised of an independent RIA in association with Kestra Investment Services, LLC as broker-dealer in order to provide its financial advisors with an open architecture platform and independence across both fee and transaction-based business models. Kestra PWS is headquartered in San Diego, CA, with offices in Los Angeles and Orange County, CA; Westport, CT and Middleburg, VA, Salt Lake City, UT and Stuart, FL. For more information, visit www.kestrafinancial.com.
About Kestra Financial
Kestra Financial, Inc. (Kestra Financial) provides a leading independent advisor 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 and advisor advocacy, 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 1,700 independent financial advisors in delivering comprehensive securities and investment advisory services to their clients. Kestra Financial is the parent company of Kestra Investment Services, LLC, member FINRA/SIPC, and also of Kestra Advisory Services, LLC; Kestra Private Wealth Services, LLC; and Kestra Institutional Services, LLC, all federally registered investment advisers. For more information about Kestra Financial, please visit www.kestrafinancial.com.
Securities offered through Kestra Investment Services, LLC, member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC.