Kestra Advisory Services, LLC
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Overview
Kestra Advisory Services, LLC is located at 5707 Southwest Parkway, Austin, TX. The firm employs 1,266 financial advisors to manage client portfolios and provide financial guidance. Kestra Advisory Services, LLC is not a registered broker-dealer.
Kestra Advisory Services, LLC oversees $48.3 billion in assets under management across 140,425 accounts, of which 99,383 are discretionary and 41,042 are non-discretionary. Over the past year, the firm has provided financial planning services to 1,500 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, and selection of other advisers. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations, insurance companies, and corporations, with retail investors being the largest client type by accounts. The fee structure at Kestra Advisory Services, LLC includes asset-based, hourly, and fixed fees. The firm has 13,369 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, a trust company, and an insurance company or agency.
Kestra Advisory Services, LLC is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Kestra Advisory Services, LLC by the Numbers
$48.3 billion
1,266
140,425
$344.1 thousand
Products and Services
Kestra Advisory Services, LLC offers a number of financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, and selection of other advisers. In the last financial year, Kestra Advisory Services, LLC provided 1500 of its accounts with financial planning services. It is not involved in selling products or offering services apart from investment advice to its investment advisory clients.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial management usually depend on which services are offered. Fees billed by Kestra Advisory Services, LLC likely consist of some blend of the following fee types: asset-based, hourly, or fixed. The firm does participate in a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The firm manages money for a broad range of investors. The firm provides services to retail investors, high net worth investors, pension plans, charitable organizations, insurance companies, and corporations. Out of its 6 clients, Kestra Advisory Services, LLC's biggest client group by number of accounts is high net worth investors, but it also serves 13369 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of at least $1,50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).
- High-Net-Worth Individuals* - 14.81%
- Other Individuals - 83.68%
- Corporations - 1.34%
- Charitable Organizations - 0.16%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Kestra Advisory Services, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Kestra Advisory Services, LLC
Pittsburgh, PA
Newport Beach, CA
Austin, TX
Austin, TX
Willowbrook, IL
Pittsburgh, PA
South Burlington, VT
Austin, TX
Greenville, SC
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