Kestra Financial Expands Network with Wealth Empowerment
Austin, Texas — Kestra Financial, a leader in the independent wealth management sector, has made a significant move by welcoming Wealth Empowerment Financial Strategies (WEFS) into its respected network of independent wealth management firms.
Introduction to Wealth Empowerment Financial Strategies
WEFS is led by experienced professionals Eric Lyon and Tom Holly, who specialize in wealth management and retirement solutions. Their team brings nearly three decades of experience, demonstrating a commitment to service and expertise designed to help clients achieve their investment goals. As of now, WEFS oversees an impressive $1.4 billion in assets under management, further evidencing their strong market presence.
Benefits of the Partnership
The partnership with Kestra Financial is poised to boost WEFS's offerings by allowing them to streamline their financial solutions. Founded in 2006, WEFS has always emphasized collaborative strategies within their operations. With Kestra’s resources, they will continue to provide a comprehensive suite of services that includes estate planning, retirement accounts, and innovative cash balance strategies.
Executive Insights
“After thorough evaluations and discussions, our choice to join forces with Kestra Financial felt like a natural step,” remarked Eric Lyon. He continued by stating that they were highly impressed with the innovative solutions offered by Kestra, particularly the robust technology and administrative support that this partnership provides.
Kestra Financial's Broader Vision
In welcoming WEFS, Kestra Financial is eager to integrate their values of teamwork and independence into a greater community of financial professionals. Daniel Schwamb, Executive Vice President of Business Development at the firm, expressed his excitement, noting that the shared vision and commitment to quality service will make this partnership fruitful.
Previous Affiliations
The team from WEFS joins Kestra from B. Riley Wealth Management, indicating a strategic shift toward a more collaborative and resource-rich environment for their operations.
Company Profiles
About Kestra Financial
Kestra Financial stands out as an independent wealth management platform headquartered in Austin, Texas. Established in 1997, the firm empowers independent financial professionals and wealth management firms, providing them with essential support, innovative business management technology, and access to a collaborative network of financial experts. The firm prioritizes a culture of transformation, ensuring that the solutions offered are both effective and efficient.
Currently, Kestra Financial manages over $103 billion in assets under advisement (AUA) across a network of more than 1,700 independent financial professionals. Their dedication to superior service enables these professionals to thrive and successfully serve their clients’ needs.
The organization is structured into several divisions, including Kestra Private Wealth Services, LLC and Kestra Advisory Services, LLC, among others, all of which uphold high industry standards.
About Wealth Empowerment Financial Strategies
Wealth Empowerment Financial Strategies focuses on providing comprehensive wealth management and retirement solutions that are tailor-made for individual clients. The firm prides itself on delivering bespoke advice and services that range from estate and tax planning to retirement accounts and cash balance strategies. Their commitment is to empower clients to achieve their financial aspirations, ensuring personalized guidance is at the forefront of their practice.
Frequently Asked Questions
What is the significance of Kestra Financial welcoming WEFS?
This partnership enhances Kestra’s network, adding significant assets and expertise in wealth management and retirement solutions.
Who leads Wealth Empowerment Financial Strategies?
WEFS is led by Eric Lyon and Tom Holly, both seasoned professionals in the wealth management sector.
What kind of services does WEFS provide?
WEFS specializes in estate planning, retirement offerings, cash balance strategies, and other financial services tailored to individuals’ needs.
How much in assets does WEFS manage?
Wealth Empowerment Financial Strategies manages approximately $1.4 billion in assets.
What is the future vision for Kestra Financial with this new partnership?
Kestra Financial aims to enhance its offerings and continue fostering teamwork and collaboration within its independent network of financial professionals.
