Kestra Private Wealth Services, LLC

Kestra Private Wealth Services manages roughly $10.2 billion in client assets through a network of nearly 200 independent financial advisors and serves individuals (including high‑net‑worth clients), retirement plans, charitable organizations, corporations and other business entities. The firm provides advisor‑managed discretionary and non‑discretionary accounts, financial planning and consulting, wrap‑fee programs, retirement plan services (including fiduciary and 3(38) options), and an annuity subaccount management program (AAPlus).

Advisors work with clients to establish investment profiles based on experience, objectives, risk tolerance and financial circumstances, then implement portfolios across multiple platforms such as the AdvisorEnterprise APM programs (APM‑Tickets and APM‑Wrap via Envestnet), Horizon and AdvisorChoice, with custody and clearing commonly provided by NFS and other custodians like Schwab and Fidelity IWS. Kestra supports independent advisor decision‑making while maintaining supervisory oversight and offers access to both in‑house and third‑party managed solutions, model portfolios, and wrap arrangements; the brochure discloses program‑level fees and revenue‑sharing that can affect platform recommendations.

The brochure highlights several less common features for a firm of this scale, including Kestra IS’s role as a placement agent for private funds, formal referral and co‑advisory arrangements with other investment advisers and third‑party managers, and banking‑related programs such as an FDIC bank sweep default option and securities‑backed lending relationships with banks (e.g., The Bancorp, Tristate and Goldman Sachs). It also discloses past SEC enforcement matters involving predecessor activities and provides detailed disclosures about affiliated compensation and conflicts of interest, information prospective clients may weigh when evaluating the firm’s platform and institutional‑style services.