Kestra Financial Expands Wealth Management with iCapital Tech

Kestra Financial Enhances Offerings Through Partnership

Kestra Financial, a prominent wealth management platform, is taking significant steps to enhance its alternative investment offerings. By expanding its strategic partnership with iCapital, a leading fintech platform for alternative investments, Kestra aims to deliver more value to its advisors and their clients.

Expanding Access to Alternative Investments

Over the past five years, Kestra and iCapital have worked closely to provide tailored technology solutions to advisors seeking alternative investment opportunities. This enhanced collaboration promises a more streamlined experience for advisors, introducing features that include a variety of alternative investment products.

Diverse Product Range

Kestra Financial's latest offerings will feature a wide array of alternative investments, including private equity, hedge funds, infrastructure, real estate, and private credit. The expansion is aimed at reducing barriers and minimum investment requirements, allowing more clients to access valuable investment opportunities.

Seamless User Experience

The integration of iCapital's advanced technology will further allow for real-time updates and detailed information about these alternative investments. This means that advisors can provide their clients with timely insights and comprehensive research materials, enhancing the decision-making process.

Empowering Financial Advisors

By simplifying administrative tasks, these new product features will free up valuable time for Kestra Financial advisors, enabling them to focus more on client interactions rather than backend processes. This shift is pivotal in fostering stronger client-advisor relationships, ultimately driving client success and satisfaction.

Leadership Insights

John Amore, Executive Vice President of Wealth Management at Kestra Financial, expressed enthusiasm for the enhanced offerings, stating, "We are excited to enhance our alternative investment offerings through our partnership with iCapital. These new capabilities highlight our commitment to empowering advisor success by equipping them with the tools needed to deliver exceptional value and service to their clients."

Steve Houston, Managing Director and Co-Head of iCapital Solutions, added, "We are honored to expand our strategic partnership with Kestra Financial, leveraging iCapital’s technology to simplify private markets investing. With enhanced integration of these new capabilities, Kestra’s financial advisors now have access to a comprehensive platform for alternative investments, making it easier to research, market, and transact."

About Kestra Financial

Founded in 1997 and headquartered in Austin, Texas, Kestra Financial is a leading independent wealth management platform. A part of Kestra Holdings, the firm is dedicated to empowering independent financial professionals and hybrid registered investment advisors (RIAs) by providing personalized support and integrated business management technology.

Kestra Financial's commitment to fostering a collaborative environment is evident through its vast community of like-minded financial professionals. With a robust culture of innovation, Kestra has developed technology solutions that enhance efficiency and scale for advisory practices.

Currently overseeing over $103 billion in assets under advisement, Kestra Financial serves more than 1,700 independent financial professionals. The firm is dedicated to providing superior service that not only encourages growth and success but also enhances the ability of advisors to support their clients effectively.

The division encompasses multiple services, including Kestra Private Wealth Services, Kestra Advisory Services, and Kestra Investment Services, all members of FINRA/SIPC. Securities are offered through registered representatives of Kestra Investment Services, while investment advisory services are delivered through appropriately licensed representatives of Kestra Advisory Services or Kestra Private Wealth Services.

Frequently Asked Questions

What is the recent partnership between Kestra Financial and iCapital?

The partnership aims to expand Kestra Financial's alternative investment offerings, integrating advanced technology from iCapital for better access and user experience.

What types of alternative investments will Kestra Financial offer?

Kestra Financial will provide a wide range of alternative investments, including private equity, hedge funds, infrastructure, private credit, and real estate.

How will this partnership benefit Kestra Financial advisors?

The partnership will streamline the investment process, reduce operational challenges, and allow advisors to focus on client relationships by simplifying administrative tasks.

What technologies are being integrated into Kestra Financial’s offerings?

The integration from iCapital includes real-time updates, detailed investment information and a simplified subscription process for advisors.

About how much in assets does Kestra Financial oversee?

Kestra Financial currently oversees approximately $103 billion in assets under advisement, supporting thousands of independent financial professionals.

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