Kestra Private Wealth Services Announces the Addition of Two Firms With $240 Million in Assets

Kestra Private Wealth Services Announces the Addition of Two Firms With $240 Million in Assets
20.01.2017 11:00 am

Kestra Private Wealth Services Announces the Addition of Two Firms With $240 Million in Assets

Investment Management

Firm’s recruitment momentum continues with new offices in California and New York

Kestra Private Wealth Services, LLC (Kestra PWS), a registered investment advisor subsidiary of Kestra Financial, Inc., that supports independent advisor teams nationwide, today announced the addition of two firms: Intrinsic Mutual Advisors and Stone Beacon Capital, each led by former wirehouse advisors.

Based in New York City and led by Stephen Luz, Intrinsic Mutual Advisors focuses on the complex investment needs of high net worth families and business owners. The professionals of Stone Beacon Capital, headquartered in Carlsbad, Calif., operate a financial planning practice that specializes in servicing the golf industry. Stone Beacon Capital is led by Chad Collins.

“Kestra PWS remains the premier destination of choice for wirehouse advisors looking for full-service solutions to independence, a reputation that helped us attract both Stephen and Chad to our firm,” Rob Bartenstein, CEO of Kestra PWS, said. “We offer the financial, compliance, and operational support that sophisticated practitioners like Stephen and Chad need when going independent so they can focus on growing their practices, maintaining high standards, and serving clients.”

To support Luz and Intrinsic Mutual Advisors, Kestra PWS has opened an office at 1 World Trade Center in New York City. Luz previously managed $130 million in assets.

“Kestra PWS offers the support, long-term commitment, and high quality, diverse services and products that will help me grow my business in an increasingly competitive environment,” Luz commented.

A 20-year veteran of the financial industry, Collins, who managed $110 million in assets at his previous firm, executes sound financial plans and offers investment management, retirement strategies, and estate conservation. Because of its niche in the golf industry, Stone Beacon Capital was strategically headquartered so its location is immediately accessible to well-known brands such as Calloway, Titleist, and Cobra.

“After seeing the tremendous growth of Kestra PWS, I felt confident that the firm’s history of assisting advisors to reap the advantages of independence will allow Stone Beacon Capital’s advisors to better serve our clients,” Collins said. “When we chose Kestra PWS, we were impressed by the vision Rob and his team had for Stone Beacon Capital to make our long-term success possible.”

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