Kestra Advisory Services, LLC (Austin)

Kestra Advisory Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for approximately 2,500 clients. On top of advisory services, the firm doesn't engage in other business activities.

Kestra Advisory Services: assets under management

The assets under management (AUM) of Kestra Advisory Services, LLC is $21.75 billion. The firm's AUM has grown by 77% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $14.77 billion in discretionary accounts and $6.97 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $288.32 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $231.49 thousand.

Kestra Advisory Services has custody of $2.9 billion in cash and securities for 11,954 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 78% of the total AUM. The second-largest asset type is exchange traded securities, which make up 13% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kestra Advisory Services, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients James Lynn Poer serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of James Lynn Poer is individuals with 46,570 clients and $10.19 billion of assets under management. Among the 7 most similar advisory firms, Kestra Advisory Services has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $21.75 billion for 55,155 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Kestra Advisory Services doesn't advise any private funds.

Careers at Kestra Advisory Services, LLC

The company employs 1,291 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 1,272 employees are registered as investment adviser representatives with the state securities authorities.

There are 33 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

James Lynn Poer has been acting as President since 1 Jul 2008. L.P. Kingfisher Holding joined the executive team most recently as the Owner.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 14 indirect owners.

Based in Austin

The principal office where Kestra Advisory Services, LLC performs its advisory services is located at 5707 Southwest Parkway, Austin, TX 78735, which is also the mailing address of the firm. An additional office of the firm is in Aliso Viejo, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 8445537872. The normal business hours are 8 am to 5 pm cst on Monday - Friday. You can find more information about the New York firm at kestrafinancial.com/.

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