Kestra Financial Completes Recapitalization

kestraAffiliated funds of Warburg Pincus, LLC (Warburg Pincus) acquired Kestra Financial, Inc., an Austin, Texas-based provider of an independent advisor platform for financial professionals, including traditional and hybrid RIAs.

The amount of the deal was not disclosed.

Funds managed by Stone Point Capital LLC (Stone Point), the company’s previous majority owner, will maintain a minority stake in the company as will Kestra Financial’s management team and a number of the company’s financial advisors.

The transaction aims to enhance Kestra’s capabilities for independent financial advisors and their clients, through recruiting as well as institutional and wealth management firm acquisitions.

Led by James Poer, President and CEO, Kestra Financial provides an advisor platform for sophisticated, independent financial professionals, including traditional and hybrid RIAs. Via its integrated business management technology and personalized consulting services, the firm supports more than 2000+ 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.

FinSMEs

05/06/2019

Join the discussion