Kestra Financial Wraps 2023 With Record Recruiting and $9.5 Billion in New Assets

Company expects to build on milestone-year with continued growth and expansion in 2024

AUSTIN, Texas--(BUSINESS WIRE)--Kestra Financial, an industry-leading wealth management platform, today announced record-breaking growth in 2023. The firm welcomed 110 new advisors and added $9.5 billion in assets.

“We are delighted to celebrate the substantial growth and success the Kestra ecosystem has achieved in the past year,” said Daniel Schwamb, Executive Vice President of Business Development at Kestra Financial. “This milestone is a clear indicator of the resonance of our value proposition to high performing advisors in our industry and the clients they serve. It is enabled by our team's unwavering commitment to helping advisors who want to maximize the value of their firms and provide unwavering support to their clients. As we step into the new year, we're filled with a renewed sense of purpose and excitement, committed to starting off with strong momentum and a strategic mindset. We’re eager to see what 2024 brings as we continue to build a platform for financial professionals to flourish and provide high quality wealth management solutions for clients.”

2023 additions include:

• Steve Cox and Preston Hart, SHC Financial
• Brent Arnold, Templar Financial Services
• Paul Romo, Impact Financial Advisors
• David Maigret, Thriving Asset Management*
• Elwis Johnson, Johnson Wealth Advisors
• Jon Vinge, Be Financially Sound
• Lawrance Johnson, Black Diamond Financial
• Austin Palmer, Ben McDonald, Bryant Trombly and Brad Palmer, Destination Wealth Advisors*
• Matthew Tuten and Adam Tolle, BYRT Financial Advisors*
• Michael Mullis, Kelley and Mullis Wealth Management
• Ricky Smith and Robert McCullough, Inspired Wealth Planning*
• Todd Mitman, Element Wealth Advisors
• Brian Scott, Ryleigh Wealth Management
• Chelsea Paddock, Paddwell Financial
• Delon Mansour, Prosperity Private Wealth
• Elad Goren, Steve Thomas, Rick Norkin, Greg Lamp, Shawn Corkery, Jack Dvir, Kevin Tolsma, Ken Benedict, Mark Roncoroni, Alek Krakovic, Ed Albrecht, Tom Wilson and Stephen Arnold, Financial Pointe
• Charles Palmer, Randall Klaiber and Sean O'Riordan, Kindred Wealth Partners*
• Joseph David Battaglini, Vance Brown, Megan T. Caulfield, Clifford Giles and James Tumminelli, Coastline Wealth Management
• John Perillo, Affidaré Private Wealth Management*
• Kathryn Medeiros and Morgan Smith, Torch Family Capital
• Keith Traffican, RetireRight
• Elie Borger, Debra Clark and Michael Cooper, Borger Financial Services
• Monisha Potter, Financial Planning Alternatives
• Joseph Al-Mooshi, Mooshi Wealth Planning & Management*
• Robert Peller and Bryan Duffy, Peller Wealth Management
• H Stanley Evans, Todd Evans and Ryan Salah, Capital Financial Partners
• Andy Ellermann, First City Wealth
• Benjamin James Tutschulte, Tutschulte Financial Planning
• Christopher A. Clark, C.A. Clark Wealth Management
• Mike Hill, Hill Wealth Management
• Jennifer Erin San Fillippo, Lakeview Wealth Strategies
• Josh Roche, The Roche Group Wealth Advisors
• Klinton Kennedy, Catalyst Retirement Solutions*
• Mitchell Mailloux, Fortis
• Susan Cevette, WatersEdge Wealth Management
• William Gungoll, Buffalo Capital Management*
• Mike Love, Dillon Hakes, Guy Kosov, California Wealth Transitions*
• Chris Maurer and Malcolm Pfenninger, Park Place Financial
• Dan Roth, Roth Wealth Management
• Diego Velasquez, Velasquez Wealth Management
• Tad Cromer, Cromer Family Financial
• David Bayarena and Jesse Bayarena, Kaizen Wealth Planning*
• Josh Smith, Amber Andregg, and Lee Swinford, Symphony Wealth Group*
• Lauren Davis and Mike Davis, Summiteer Financial*
• Liza Firmin, Wayne Christian Financial Services
• Matt Donaghue, Ken Hamilton and Jason Duffaut, Mission Financial Planners
• Michael Bow, Spartan Wealth Management
• Ryan Weise, Centura Advisors
• Dax Symonds, Casey Fry, Blake Rolls, and Carrie Cocanaur, Symonds Wealth Management

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

Financial professionals have the option of operating their practice via Kestra Private Wealth Services, a registered investment adviser subsidiary of Kestra Financial, Inc., which offers full-service independence with the industry’s premier turnkey model. Kestra PWS facilitated a number of tuck-ins in 2023, helping financial professionals leaving a wirehouse to find a successful, culturally-aligned firm to join, leading to a record year of financial professionals who chose independence through Kestra Private Wealth Services.

The average gross dealer concession for the financial professionals who joined Kestra Financial and Kestra PWS in 2023 is $655,487.

"Our approach to team expansion is meticulous and thoughtful, prioritizing the integration of individuals who embody the essence of our community. This has been crucial in attracting financial professionals who are not only experts in their fields, but also align with our values. In fact, 20% of our new advisors have been brought on board through referrals from current Kestra advisors, highlighting the cohesive nature of our culture,” Schwamb added.

“In 2024, we see continued opportunities to expand our advisor community,” added Stephen Langlois, President of Kestra Financial. “We give our advisors the tools, support and resources they need to service their clients effectively while efficiently scaling and growing their practices. This is increasingly important in today’s nuanced and uncertain market environment, where financial professionals play a crucial role in helping their clients navigate uncertainty while building a solid financial future,” he said. “We look forward to continuing to find ways to support our advisors as they support their clients – in the coming year and beyond.”

About Kestra Financial

Kestra Financial is a leading independent wealth management platform headquartered in Austin, Texas. A division of Kestra Holdings and established in 1997, the firm empowers independent financial professionals and wealth management firms – including traditional and hybrid RIAs – by offering personalized support, integrated business management technology, and access to a collaborative community of like-minded financial professionals. 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.

Overseeing $103 billion in assets under advisement (AUA), Kestra Financial supports more than 1,700 independent financial professionals and is committed to delivering superior service that enables their growth, success, and ability to best support their own 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.