Kestra is bolstering its profile in New York as it welcomes a $400 million firm to its network.
On Thursday, the Austin, Texas-based independent broker-dealer that oversees $103 billion in assets under advisement and supports over 1,700 independent financial professionals, announced that it has added Lodi Wealth Advisors to its network.
Located in Westchester County, New York, Lodi Wealth Advisors has built a reputation for delivering personalized, high-touch service to its high-net-worth clients.
Led by a dedicated advisor duo, the Lodi Wealth Advisors team works to offer white-glove service to its high-net-worth clientele, including creating bespoke portfolios tailored to their unique needs goals.
"Kestra Financials’ robust ecosystem and offerings are exactly what we’re looking for in a partner firm,” Scott LoPresti, founder of Lodi Wealth Advisors said in a statement.
Lopresti’s history in the wealth management industry, spanning 18 years across multiple firms, includes stops at LPL, Ameritas, and Hornor, Townsend & Kent.
“As an organization committed to providing exceptional, tailored service to our clients, we saw in Kestra Financial a firm that has the capabilities to support us in delivering that excellence,” he said.
The partnership with Kestra is intended to facilitate the growth of Lodi Wealth Advisors while maintaining the quality of service their clients expect. For its part, Kestra will support Lodi’s ambition to establish itself as a legacy firm in the wealth management industry.
Daniel Schwamb, executive vice president of business development at Kestra Financial, called their move to integrate into the Kestra ecosystem “a natural decision.”
“With a high standard of client service, Lodi’s core values fit seamlessly into Kestra’s community of partners, and we’re excited about the opportunities to follow,” Schwamb said.
The news of Lodi’s decision to come under the Kestra umbrella comes roughly a week after an Ohio-based team managing $500 million made its own decision to break away and join Kestra from Merrill Lynch.
Earlier in March, Kestra made another big move in the Big Apple as it revealed its partnership with Borger Financial Services, a multi-generational firm that’s grown to $600 million in AUM after achieving consistent double-digit annual growth.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
