Wealth manager, independent · Austin, TX
Kestra Private Wealth Services, LLC
SEC-registered investment adviser · CRD 155193 · SEC 801-71936
At a glance
Kestra Private Wealth Services, LLC is an SEC-registered investment adviser based in Austin, Texas, with $13B in regulatory assets under management as of its Form ADV filed September 22, 2026. It reports 19,977 individual clients, 5,300 of them high-net-worth, holding an average of about $0.7 million each, and 211 employees. That ranks it 71st among the nation’s 5,657 independent wealth management RIAs and 4th of 367 in Texas. It reports Fidelity as the custodian for its clients’ separately managed accounts.
Main office 844-553-7872kestrafinancial.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $13B
- Rank among independent wealth managers
- #71 of 5,657
- Rank among all SEC RIAs
- #1,127 of 17,210
- Rank in Texas
- #4 of 367
- Individual clients
- 19,977
- High-net-worth clients
- 5,300
- Accounts
- 33,333
- Discretionary
- 100% of AUM
- Employees
- 211
- Advisory staff
- 211
- Offices
- 43
Owners and executives on its Form ADV
- Robert M. BartensteinChief Executive Officer
- Michael R. PedlowEVP, Chief Compliance Officer
- Yin YinAssistant Secretary
- Mark P. SchoenbeckEVP, Advisor Engagement
- Jean-Luc DupontHead of Cybersecurity and Technology Risk
- Vinay KantEVP, Chief Digital Technology Officer
- John V. AmorePresident
- Scott M. ZegersChief Financial Officer
- Angela D. XavierEVP, Client Experience Officer
- Jeremy S. CarrEVP, General Counsel
Custody and brokerage
Broker-dealer
Hybrid RIA
Kestra Private Wealth Services, LLC is a hybrid RIA: 201 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Kestra Investment Services, LLC.
- Kestra Investment Services, LLC ↗CRD 42046
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, March 2026
Its Form ADV brochure (filed September 2026) names Kestra Investment Services as the broker-dealer its advisers are registered with.
Most of our Advisors are also registered representatives of our affiliated broker-dealer, Kestra Investment Services, LLC (Kestra IS), which makes available securities such as stocks, bonds, mutual funds and variable insurance products.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 5,300 | $9.1B | 68% |
| Individuals | 14,677 | $4.0B | 30% |
| Corporations or other businesses | 210 | $326M | 2% |
| Charitable organizations | 23 | $39M | <1% |
| Pension and profit sharing plans | 15 | $16M | <1% |
| Insurance companies | 5 | $13M | <1% |
Disciplinary disclosures
Kestra Private Wealth Services, LLC answers yes to 22 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗kestrafinancial.com ↗
SEC and FINRA actions
- SEC, Aug 12, 2026Fiduciary duty and conflicts. Outcome in the release.Official release
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- Assets, accounts, clients and staff, ten years of filings
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- 10 namedLocked
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Texas
All of Texas →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Fisher InvestmentsPlano | $387B | 199,061 |
| Kestra Advisory Services, LLCAustin | $80B | 115,285 |
| United Capital Financial AdvisorsIrving | $25B | 24,837 |
| Hub Investment Partners, LLCAustin | $12B | 5,446 |
| Americana Partners, LLCHouston | $9.1B | 1,627 |
| Sendero Wealth Management, LLCSAN Antonio | $6.5B | 331 |
Compare Kestra Private Wealth Services, LLC with
- Kestra Private Wealth Services, LLC vs Sapient Capital LLC $14B · Indianapolis, IN
- Kestra Private Wealth Services, LLC vs Ameritas Advisory Services, LLC $14B · Lincoln, NE
- Kestra Private Wealth Services, LLC vs The Mather Group, LLC $13B · Chicago, IL
- Kestra Private Wealth Services, LLC vs Alphacore Capital LLC $13B · La Jolla, CA
- Kestra Private Wealth Services, LLC vs Hub Investment Partners, LLC $12B · Austin, TX
Background
Questions
How much does Kestra Private Wealth Services, LLC manage?
Kestra Private Wealth Services, LLC reports $13B in regulatory assets under management across 33,333 accounts, 100% of it on a discretionary basis, on its Form ADV filed September 22, 2026.
How many clients does Kestra Private Wealth Services, LLC have?
It reports 19,977 individual clients: 5,300 high-net-worth individuals and 14,677 other individuals. Individuals account for about 97% of its regulatory assets.
Where is Kestra Private Wealth Services, LLC headquartered?
Its main office is in Austin, Texas. It reports 43 offices in total and 211 employees, 211 of whom perform investment advisory functions.
How does Kestra Private Wealth Services, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Kestra Private Wealth Services, LLC use?
It reports Fidelity as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed September 22, 2026, it reports these amounts held: Fidelity ($13B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Kestra Private Wealth Services, LLC a hybrid RIA with a broker-dealer?
Kestra Private Wealth Services, LLC is a hybrid RIA: 201 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Kestra Investment Services, LLC. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Kestra Private Wealth Services, LLC a fiduciary?
As an SEC-registered investment adviser, Kestra Private Wealth Services, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 201 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Kestra Private Wealth Services, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-22), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →