Kestra Investment Management (KIM), a division of Kestra Holdings, an industry-leading wealth management platform provider, today announced it has reached $2 billion in assets under management (AUM), just eight months after surpassing $1 billion in AUM – a milestone reached within a year of the company’s inception.
Since its establishment in 2021, KIM has launched eight Model Portfolio Series, managing client assets across 48 models, with a new series to be launched soon. Through these models, KIM aims to create efficiency for advisors by deepening their investment capabilities, including KIM’s most recent offering of individual stock portfolios. Access to KIM’s models and capabilities is available exclusively to clients of financial professionals associated with Kestra Holdings’ subsidiaries.
“At the end of 2023, we set the goal of reaching a $2 billion AUM milestone by the end of 2024. Surpassing our goal in the second quarter of the year is a testament to the power of our offerings,” said Chief Investment Officer Kara Murphy. “Our success would not be possible without the collective knowledge and expertise of our team of portfolio managers, along with the support of our associated financial professionals who have found value in leveraging our models to serve their clients.”
KIM’s investment models are customizable, allowing advisors the opportunity to cater to each client’s distinct goals and preferences with personalized solutions. In addition to managing custom portfolios for high-net-worth individuals, the KIM team distributes thoughtful and comprehensive investment content to financial advisors ahead of new portfolio launches, further explaining risk factors, stock selection, and how their portfolios can support advisors and their clients. As part of the team’s dedication to continuing education, KIM regularly distributes white papers about the latest market trends, professional insights, the future of the market, and more.
Murphy and her team, including Senior Vice President and Head of Portfolio Management Derek Schug, oversee the development, rollout and continued enhancement of KIM’s investment solutions. The division’s continued growth allows for the ongoing evolution of products that enable Kestra-affiliated financial professionals to meet the diverse needs of their clients.
KIM was recently recognized for its multi-manager model portfolio tools, receiving a Silver Stevie® in the Product Innovation category of the 22nd Annual American Business Awards. These portfolios are structured to help advisors maximize opportunities for their clients, providing options based on risk, growth, and tax preferences.
“Our commitment to helping Kestra’s community of independent advisors better serve their clients is evident in the insights and information we carefully curate on an ongoing basis,” said Murphy. "This recognition of our portfolio solutions will help us share how KIM aims to create efficiency for advisors and deepen their investment capabilities.”
Created in 2002 to honor and generate public recognition of the achievements and positive contributions of organizations and working professionals worldwide, the Stevie ABAs receive more than 12,000 nominations each year from organizations in more than 70 nations. Kestra competed in the US competition with organizations of all sizes, from all industries.
Currently, clients of nearly 250 advisors from across the Kestra Holdings ecosystem invest in KIM model portfolios, with thousands of Kestra advisors leveraging the group’s market insights, commentaries, and additional resources on a regular basis.
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 $111.3 billion in assets under administration (AUA) and support more than 2,300 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, as well as Kestra Investment Management, LLC, Kestra Advisory Services, LLC, Kestra Private Wealth Services, LLC, and Kestra Institutional Services, LLC, all federally registered investment advisers.
Stevie American Business Awards
Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. More than 300 professionals worldwide participated in the judging process to select this year’s Stevie Award winners. Details about The American Business Awards and the list of the 2024 Stevie winners are available at www.StevieAwards.com. Not indicative of advisor’s future performance. Your experience may vary.
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