Kestra is bolstering its presence in Ohio as a group of ex Edward Jones advisors come together to launch their own independent firm.
On Tuesday, Kestra Private Wealth Services announced that it has welcomed Arc Private Wealth to its platform.
The Ohio-located RIA manages $427 million in client assets and brings over 40 years of combined experience to Kestra’s growing network of independent advisory firms. It operates out of several locations across Northwest Ohio, including Oregon, Waterville, and Upper Sandusky.
The firm is led by cofounders Dave Riggenbach, Adam Lublin, Amy Fredritz, and Dylan Clement, who were all most recently affiliated with Edward Jones according to their BrokerCheck profiles. Backed by five support staff, the team specializes in providing wealth management, retirement planning, and personalized financial solutions to its clients.
In a statement, Riggenbach emphasized the Arc Private Wealth team’s commitment to client-centric service.
“We prioritize client relationships, and when going independent, we were looking for a partner firm that shares these values,” he said in the statement Tuesday. “By joining Kestra PWS, we’re able to serve our clients with a high-touch, white-glove experience and provide them access to high quality investment platforms and products.”
Kestra Private Wealth Services provides a full-service model designed to help advisors transition from wirehouse and W2 models to independence. The firm’s support includes operational oversight, marketing resources, and compliance solutions.
The Arc Private Wealth team's fresh start at Kestra adds another thread to the growing string of Edward Jones advisors switching away in recent weeks, with reported defections to other firms including Avantax, Equitable, Raymond James, and Kingsview Partners.
Edward Jones celebrated a major milestone in November as it reported more than 20,000 advisors across its network of 16,000 branches across North America. Along with that news, it highlighted its ongoing efforts to boost its support to existing advisors as well as new recruits with multi-advior offices, shared support teaming, and financial planning servces.
Advisors can set their practice apart and win more business with a powerful graphic describing their unique business and value proposition.
The Labor Department's reversal from its 2022 guidance has drawn approval from crypto advocates – but fiduciaries must still mind their obligations.
With $750 million in assets and plans to hire a RIA Growth Lead, Autopilot is moving beyond retail to court advisors with separately managed accounts and integrations with RIA custodians such as Schwab and Fidelity.
Elsewhere on the East Coast, a Boca Raton-headquartered shop has acquired a fellow Florida-based RIA in "a natural evolution for both organizations."
After advising on nearly $700 million in retirement assets, 27-year veteran Greg Mykytyn is bringing his expertise in ESOP and 401(k) plans to the national RIA in Texas.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
