Transamerica loses $1 billion team to Kestra Financial

A team of advisers with nearly $1 billion in client assets has left Transamerica Financial Advisors Inc. to join Kestra Financial Inc. The Wiser Financial Group, based in Kalamazoo, Mich., specializes in retirement, wealth management, risk management and estate planning services. Kestra Financial, formerly known as NFP Advisor Services, is a broker-dealer and registered independent adviser based in Austin, Texas, supporting over 1,700 independent financial advisers. “We are excited about the future of the partnership,” said Dan Schwamb, senior vice president of business development at Kestra Financial. “They have a terrific presence in Michigan, and we are looking forward to supporting them with industry leading tools and services to take their practice to the next level.” The team of advisers, which moved to Kestra in late spring, includes Wesley Lentz, Clinton VanLinder, Robert Amberg Jr. and Robert Campbell. Transamerica could not be reached for comment.