Kestra Investment Management, LLC

CRD#317711
Investment Advisor Firm

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Overview

Kestra Investment Management, LLC operates as a financial advisor firm that has its headquarters in Austin, Texas. It controls $109.8 million in total assets throughout 1,462 customer accounts, placing it in the mid-tier of financial advisory firms in the country by assets under management (AUM). The company has a small group, including 10 financial advisors. Kestra Investment Management, LLC does not act as a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal assets like bonds, equities and options.

Kestra Investment Management, LLC administers all of the firm's accounts in a discretionary manner. Discretionary management signifies that a portfolio manager has the discretion to make transaction judgments without requiring client permission. The company's average account size is $75,110. An average financial advisor at Kestra Investment Management, LLC manages around 146 client accounts.

Kestra Investment Management, LLC's main office is located at 5707 Southwest Parkway, Building 2, Ste 400, Austin, Texas 78735. Kestra Investment Management, LLC is legally allowed to serve customers throughout a number of states, including Texas and Washington.

Assets Under Management

$109.8 million

Number of Advisors

10

Disclosures

No

Office Location

5707 Southwest Parkway, Building 2, Ste 400
Austin, TX 78735

Kestra Investment Management, LLC by the Numbers

Total Assets Under Management

$109.8 million

National Average: $8.6 billion
Total Number of Employees

12

National Average: 64
Total Number of Accounts

1,462

National Average: 375,227
Average Account Size

$75.1 thousand

National Average: $23.0 thousand
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Fee Structure

Financial advisory fees typically are based on which services are provided. However, fees billed by Kestra Investment Management, LLC typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the company.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 32% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

Kestra Investment Management, LLC provides services to retail investors. Out of its 1,462 clients, Kestra Investment Management, LLC's largest client type is retail investors. None of the firm's customers are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 100%
  • Corporations - 0%
  • Charitable Organizations - 0%

* 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 Investment Management, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Kestra Investment Management, LLC

Derek Schug
Austin, TX
Bobby Gomez
Austin, TX
Amelia Hammond
Mercer Island, WA
John Barragan
Austin, TX
Logan Kerr
Austin, TX
Mouna Pyneni
Austin, TX
Benjamin Smith
Austin, TX
Haolun Zhang
Austin, TX
Kara Murphy
Austin, TX

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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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