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.
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