AUSTIN, Texas--(BUSINESS WIRE)--Kestra Investment Management, a division of Kestra Holdings, an industry-leading wealth management platform provider, announced that assets under management (AUM) reached approximately $530 million as of March 31, 20231, just one year after its first model portfolios were launched.
Since its inception, Chief Investment Officer Kara Murphy has led Kestra Investment Management to success alongside a veteran team that created and oversees the Model Portfolio Series. With a mission to continuously enhance service for associated financial professionals, constant conversations have allowed Kestra Investment Management’s solutions to evolve to meet the unique needs of firms so they can spend more time building relationships with their clients.
"This achievement is a testament to our team's expertise and dedication to providing superior investment solutions. In just one year, it’s clear to see that our streamlined approach to portfolio management is a deep value proposition that has saved our firms irreplaceable time and, in turn, fueled our rapid growth," said Murphy. "With a successful track record under our belt, we're excited to continue growing as financial professionals see the value of our investment solutions and support."
This milestone comes on the heels of Kestra Investment Management's launch of two new Model Portfolio Series over the last year. Most recently, Arden Trust Company joined Kestra Financial, Kestra Private Wealth Services, and Bluespring Wealth Partners as the newest Kestra Holdings arm to leverage Kestra Investment Management’s solutions.
"It’s been nearly two years since Kara was tapped to build Kestra Investment Management from the ground up and we're thrilled with the value that business vertical has brought to our ecosystem and the continued momentum of the firm," said James Poer, CEO of Kestra Holdings. "Overseeing more than half a billion dollars is a great feat in such a short time as our associated financial professionals continue to see the value of our investment division and how we bring their business modern solutions."
To learn more, visit: https://kestraim.com
About Kestra Investment Management, LLC
Kestra Investment Management, LLC is an investment adviser registered with the Securities and Exchange Commission (“SEC”). Kestra Investment Management provides its affiliated investment professionals with timely economic and market insights, comprehensive investment solutions, and sophisticated analysis and support.
About Kestra Holdings
Kestra Holdings offers industry-leading wealth management platforms for independent wealth management professionals nationwide. With an innovative culture that celebrates independence, the company seeks to redefine the future of the advisory industry through superior service, cutting-edge technology, and preeminent resources that every financial professional needs to succeed in the market now and in the years to come.
Kestra Holdings companies collectively oversee $122 billion in assets under administration (AUA) and support more than 2,400 independent financial professionals across the country in delivering comprehensive securities, trust, and investment advisory services to their clients.
Kestra Holdings is the direct or indirect parent company of Arden Trust Company, Bluespring Wealth Partners, LLC (including its investment adviser and wealth management firm subsidiaries), Kestra Investment Services, LLC, member FINRA/SIPC, Grove Point Investments, LLC, member FINRA/SIPC, as well as Kestra Investment Management, LLC, Kestra Advisory Services, LLC, Kestra Private Wealth Services, LLC, Grove Point Advisors, LLC, and Kestra Institutional Services, LLC, all federally registered investment advisers.
1 As of March 31, 2023. Source: Kestra Investment Management.
