Kestra Holdings Acquires Insurance Firm, Launching New Capability to Support Affiliated Advisors
Operating internally as Kestra Insurance Planning, addition to ecosystem empowers advisors to more holistically serve end-clients.
AUSTIN, Texas — January 14, 2025 — Kestra Holdings today announced the acquisition of a Brokerage General Agency (BGA) to better serve the insurance business of its advisors and their clients. The BGA, Comprehensive Brokerage Services (CBS), is an independent insurance brokerage founded almost two decades ago that provides wholesale and point-of-sale life, disability, long-term care, and fixed annuity insurance solutions as well as wealth transfer and advanced case design to independent financial advisors, registered investment advisors (RIAs), and other financial professionals.
CBS Brokerage will operate within the Kestra Holdings ecosystem as Kestra Insurance Planning, including new roles for several key CBS Brokerage executives, including CEO Chad Druvenga, President Joslyn Druvenga, and Director of Advanced Markets Jack Elder.
Kestra Insurance Planning will provide access to concierge services, compelling products, quality carriers, and insurance planning expertise to advisors and firms within the Kestra Holdings ecosystem, including Kestra Financial, Kestra Private Wealth Services, and Bluespring Wealth Partners.
“Our goal has always been to build a destination of choice for independent, high-performing wealth management businesses and professionals,” said James Poer, CEO, Kestra Holdings. “Powering the financial success of those professionals and the clients that they serve is our top priority, and the addition of Chad and the CBS Brokerage team rounds out our ecosystem in the most advantageous way for our advisors.”
“A planning-led approach is increasingly the most effective way for our advisors to serve clients at every stage of life—and insurance is a core offering of a holistic, planning-oriented wealth manager,” added John Amore, Head of Wealth Management, Kestra Financial. “We’re excited that this new capability will offer our advisors access to insurance expertise and solutions through the talented CBS Brokerage team, allowing them to help their clients in a deeper way.”
CBS Brokerage will remain an independent entity within Kestra Holdings, meaning that current client relationships and planning processes will remain separate and free from conflicts of interest.
“We made this move because it was clear that joining the Kestra Holdings ecosystem will enhance our capabilities, allowing us to invest in more resources and infrastructure to better support our existing clients, as well as Kestra’s advisors,” said Chad Druvenga. “We look forward to getting to know Kestra advisors through Kestra Insurance Planning, while remaining a trusted partner to our current CBS Brokerage clients.”
To learn more about Kestra Insurance Planning, visit https://www.kestrainsuranceplanning.com
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 support 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 Comprehensive Brokerage Services (CBS), Arden Trust Company (www.ardentrust.com), Bluespring Wealth Partners, LLC (www.bluespringwealth.com; including its investment adviser and wealth management firm subsidiaries), Kestra Investment Services, LLC, member FINRA/SIPC, as well as Kestra Investment Management, LLC (www.kestraim.com), Kestra Advisory Services, LLC (www.kestrafinancial.com), Kestra Private Wealth Services, LLC (www.kestrafinancial.com/private-wealth-services), and Kestra Institutional Services, LLC, all federally registered investment advisers.
About CBS Brokerage
Comprehensive Brokerage Services (CBS) is a Brokerage General Agency (BGA) specializing in life insurance and related financial products. CBS provides independent financial advisors, registered investment advisors (RIAs), and other financial professionals with access to a comprehensive suite of insurance solutions, including life, disability, and long-term care insurance. Known for their advisor-focused approach, CBS offers personalized case design, advanced planning support, and training to help advisors meet the unique needs of their clients. With decades of experience, CBS emphasizes partnership and strategic insights to enhance advisors' service offerings and to build lasting client relationships.