Kestra Private Wealth Services has added two teams to its network, with a combined $850 million in client assets.
Kindred Wealth Partners in Pittsburgh is led by senior managing partners Charles Palmer, Sean O'Riordan and Randall Klaiber, who were previously with Morgan Stanley Wealth Management.
The $650 million team is supported by partner and operations director Gail Woodward and wealth planning director Nick Riotto.
The team was attracted to the independent model which will enable them to expand with top-tier talent, deepen new and existing relationships, and serve clients in ways we were not able to previously.
“As is our tradition, we spent a lot of time getting to know our new partners prior to their affiliation,” Rob Bartenstein, CEO and senior managing director of Kestra PWS, said in a statement. “In this case, we even went on a fishing trip together. When spending that kind of quality time together, it’s evident when there’s a right fit – and everyone knew this was a very right fit.”
Meanwhile, Catalyst Retirement Solutions in Salt Lake City joins Kestra PWS with $200 million in client assets.
Led by Klint Kennedy and father-and-son Garren Decker and Bryce Decker, the team includes office manager Cortney Judkins, who brings 30 years of industry experience to the role.
“At Kestra PWS, we’re energized by the opportunity to support firms like Catalyst Retirement Solutions that are so fervently dedicated to supporting their clients’ needs,” added Bartenstein. “We look forward to the opportunity to enhance the existing talents of Klint, Garren, Bryce, and their team by providing them with tools, technology, and support to help create the best outcomes for their clients and the firm.”
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
