OSJ managing $230 million switches to Kestra from Cambridge

OSJ managing $230 million switches to Kestra from Cambridge
Alpha Wealth Advisors of Glen Allen, Va., will use Kestra's B-D and RIA
AUG 06, 2019
Alpha Wealth Advisors, a hybrid adviser and office of supervisory jurisdiction managing $230 million in Glen Allen, Va., has switched its broker-dealer and registered investment adviser affiliation to Kestra Financial from Cambridge Investment Group. (More:​ See more adviser moves in InvestmentNews' Advisers on the Move database.) The firm is led by Troy Flinn and Mary Margaret Kastelberg. Mr. Flinn began his career in 1991 at LPL and was at four other firms before affiliating with Cambridge in 2011. Ms. Kastelberg had been with Cambridge since 2014. ​

Latest News

Fintech bytes: Envestnet reaffirms $1B RIA commitment with Tamarac tech investment
Fintech bytes: Envestnet reaffirms $1B RIA commitment with Tamarac tech investment

Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.

RIA moves: Maridea acquires multigenerational practice in Pennsylvania debut
RIA moves: Maridea acquires multigenerational practice in Pennsylvania debut

Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.

Private equity eyes 401(k) plans, but fees remain a hurdle
Private equity eyes 401(k) plans, but fees remain a hurdle

Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.

IRS floats proposal ending tax breaks for schools that weigh race
IRS floats proposal ending tax breaks for schools that weigh race

Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.

Trust over tech: The hidden signal of stock success in the AI era
Trust over tech: The hidden signal of stock success in the AI era

Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income