Kestra Financial Firm Increases AUM to $3.5 Billion with Partial Acquisitions
Austin, Texas — December 10, 2024 — Kestra Financial, a premier wealth management platform, today announced that partner firm Coastline Wealth Management (Coastline), has finalized their partial acquisitions of Myles Wealth Management (Myles) and Stensland Financial Group (Stensland). This marks Coastline’s eighth acquisition of 2024, bringing their total number of locations to twelve.Coastline continues their nationwide expansion through their strategic partnerships with Myles in Florida, NY, and Stensland in Chicago, IL. This move has added approximately $300 million in assets, bringing Coastline’s total AUM to $3.5 billion.
Coastline aims to enhance its expertise and resources with the addition of Myles and Stensland, further cementing their commitment to delivering comprehensive wealth management services. As part of the deal, Coastline will work alongside the leadership teams at Myles and Stensland, allowing for the integration of various resources and capabilities. This partnership allows the firms to operate with their established client relationships, continuing to provide tailored financial strategies while benefiting from the expanded support of the Kestra platform.
“We are thrilled to partner with Myles Wealth Management and Stensland Financial Group” said Garrett Taylor, CEO of Coastline Wealth Management. “These firms share our commitment to delivering exceptional, personalized financial strategies. Together, we will be able to offer even more clients access to best-in-class wealth management solutions and continue to grow our national footprint.”
"Being a part of Coastline’s expansion has been a true privilege," said Stephen Langlois, President at Kestra Financial. "We are looking forward to seeing how this partnership will strengthen Coastline’s service offerings and are excited to welcome Myles Wealth Management and Stensland Financial Group to the Kestra platform.”
About Kestra Financial
Kestra Financial is a leading independent wealth management platform headquartered in Austin, Texas. A division of Kestra Holdings established in 1997, the firm empowers independent financial advisors and wealth management firms by offering personalized support, integrated business management technology, and access to a collaborative community of like-minded financial professionals. Kestra Financial supports independent financial professionals from across the country and is committed to delivering superior service to enable their growth, success, and ability to best support their own clients.
The Kestra Financial division includes Kestra Private Wealth Services, LLC (Kestra PWS), Kestra Advisory Services, LLC (Kestra AS) and Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Securities offered through registered representatives of Kestra IS. Investment advisory services offered through appropriately licensed representatives of Kestra AS or Kestra PWS. Except for the referenced Kestra companies, Kestra IS, Kestra AS, or Kestra PWS are not affiliated with other entities referenced in this publication. For more information, visit https://www.kestrafinancial.com/
About Coastline Wealth Management
Coastline Wealth Management, founded in 2012, is a Long Island, NY-based independent wealth management platform with ~$3.5 billion of assets under management/advisement. Coastline services over 5,000 client accounts primarily across the East Coast of the United States. The Company, whose core focus is servicing its client base, has grown through a series of acquisitions as it continues to build its industry leading, technology-enabled platform. Coastline continues to be a leading consolidator in the wealth management industry and is actively pursuing additional wealth advisor acquisitions (~$50MM to $500MM in assets) as part of its core growth story. By focusing on maximizing the value of advisory practices, Coastline empowers advisors to create sustainable, long-term strategies for transitioning their businesses, ensuring both financial stability and continuity for their clients. It’s expertise in navigating the complexities of succession planning enables advisors to secure their legacy while optimizing growth potential, ultimately fostering a seamless transition that benefits all stakeholders involved.
Media Contact
Vested for Kestra Financial
kestra@fullyvested.com
