AUSTIN, Texas--(BUSINESS WIRE)--Kestra Private Wealth Services (Kestra PWS), a registered investment adviser subsidiary of Kestra Financial, Inc., today announced the addition of Kaizen Wealth Planning to its platform. Based in Victoria, Texas, this marks the second Kestra PWS firm located in its home state of Texas.
Kaizen Wealth Planning was founded and is led by David Bayarena, who oversees $170 million in client assets. The firm specializes in tax optimization throughout every aspect of the decision-making process from portfolio construction to wealth strategies. Bayarena is also joined by his assistant, Jamie Schacherl.
After spending 14 years dedicated to his CPA firm as the sole wealth management and financial advisor, David no longer saw growth potential and turned to the independent space to launch his own practice. By partnering with Kestra PWS, Kaizen Wealth Planning has access to its full-service support model as well as a deep bench of financial planning, investment management, and other solutions through its ecosystem of sister-firms, allowing Bayarena to focus on managing client portfolios and growing his book of business.
“The independent model allows us to channel our entrepreneurial nature and authentically serve clients in an environment free of corporate agendas,” said Bayarena. “Kestra PWS’ boots on the ground approach to support is robust, as I saw firsthand with their assistance throughout the office leasing agreement process. This level of service frees me of the mundane projects that come with running a business so I can spend that extra time providing high-touch service to clients.”
Bayarena coined the firm name from the Japanese word ‘Kaizen,’ meaning a commitment to continuous improvement and growth, which characterizes his independent spirit and hardworking mindset.
“At Kestra PWS, we pride ourselves on connecting talented financial professionals with the right resources so they can thrive as independent business owners,” said Rob Bartenstein, Senior Managing Director and CEO of Kestra PWS. “With our collaborative culture and comprehensive support, David and his team have maximum growth potential and will become a staple of the South Texas community.”
Prior to starting Kaizen Wealth Planning, Bayarena was associated with Avantax Wealth Management®.
About Kestra Private Wealth Services
Kestra Private Wealth Services, LLC (Kestra PWS) is a hybrid registered investment adviser (RIA) supporting fee- and transaction-based independent financial professional teams across the nation. Kestra PWS was established by wirehouse veterans with the express purpose of enabling former wirehouse financial professionals to achieve independence and growth. The firm’s platform is composed of its independent RIA in association with Kestra Investment Services, LLC (Kestra IS) as broker-dealer in order to provide its financial professionals with an open-architecture platform and independence across both fee- and transaction-based business models. Kestra PWS has helped more than 125 financial professionals and more than 50 single- and multi-team offices across the country find independence with their full-service support model.
For more information, visit www.kestrafinancial.com/private-wealth-services.
Kestra Financial, Inc. (Kestra Financial) provides a leading independent advisor platform that empowers sophisticated, independent financial professionals, including traditional and hybrid RIAs, to prosper, grow, and provide superior client service. With a culture rich in reinvention and advisor advocacy, Kestra Financial has developed integrated business management technology that, combined with its personalized consulting services, offers exceptional scale and efficiency.
Kestra Financial is the parent company of Kestra IS, member FINRA/SIPC, and also of Kestra Advisory Services, LLC; Kestra PWS; and Kestra Institutional Services, LLC, all federally registered investment advisers.
The professionals at Kaizen Wealth Planning offer securities through Kestra IS, member FINRA/SIPC. Investment advisory services offered through Kestra PWS. Kaizen Wealth Planning is a member firm of Kestra PWS, an affiliate of Kestra IS. Kaizen Wealth Planning is not legally affiliated with Kestra IS or Kestra PWS.
For more information, visit www.kestrafinancial.com.
