Kestra Holdings, the Austin, Texas-based parent of several broker-dealers and registered investment advisory firms, has hired Kara Murphy as chief investment officer. She will lead a new division, Kestra Investment Management.
Murphy most recently served as chief investment officer and managing director at Goldman Sachs Personal Financial Management, the successor to United Capital Financial Advisors. Previously, she was chief investment officer at AIG Funds.
In her new role, Murphy will provide investment expertise and oversee the customized portfolio management consulting services offered to Kestra Holdings companies, including Kestra Financial, Grove Point Financial, Bluespring Wealth Partners and Arden Trust Co.
The team she is charged with building “will provide support on asset allocation, portfolio construction, and market trends in addition to providing a broad range of investment solutions,” the company said in a release.
The Reddit trading community's formal comment letter against the proposal is drawing widespread attention across finance and tech circles.
RIA aggregator adds $4.8 billion in client assets across seven states as demand grows for alternatives to traditional succession models.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Shareholder targets FS KKR Capital's directors over alleged portfolio valuation and dividend missteps.
UBS has a history of costly litigation stemming from the sale of volatile investment products.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
