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.”

About Kestra Private Wealth Services

Named by Inc. magazine in August 2016 as one of the fastest-growing private companies in America, Kestra PWS is a hybrid registered investment advisor (RIA) supporting fee and transaction-based independent financial advisor teams across the nation. Kestra PWS was established by wirehouse veterans with the express purpose of enabling wirehouse exiters to achieve independence and growth. The firm's platform is comprised of an independent RIA in association with Kestra Financial, Inc., and its affiliated broker-dealer, in order to provide financial advisors with an open architecture platform and independence across both fee and transaction-based business models. Kestra PWS is headquartered in San Diego, CA, with offices in Los Angeles, Orange County, and Carlsbad, CA; Westport, CT, Middleburg, VA, Salt Lake City, UT, Stuart, FL, and New York, NY. For more information, visit www.kestrafinancial.com.

About Kestra Financial, Inc.

Kestra Financial, Inc. (Kestra Financial) provides a leading independent advisor platform that empowers sophisticated independent financial professionals, including traditional and hybrid RIAs, to prosper, grow, and provide superior client service. With a culture rich in reinvention and advisor advocacy, Kestra Financial has developed integrated business management technology that, combined with its personalized consulting services, offers exceptional scale and efficiency.

Headquartered in the “Silicon Hills” of Austin, Texas, Kestra Financial offers an experience as unique as the city in which it operates. The firm supports more than 1,700 independent financial advisors in delivering comprehensive securities and investment advisory services to their clients. Kestra Financial is the parent company of Kestra Investment Services, LLC, member FINRA/SIPC, and also of Kestra Advisory Services, LLC; Kestra Private Wealth Services, LLC; and Kestra Institutional Services, LLC, all federally registered investment advisors. For more information about Kestra Financial, please visit www.kestrafinancial.com.

Securities offered through Kestra Investment Services, LLC, member FINRA/SIPC. Investment advisory services offered through Kestra Private Wealth Services, LLC.