Kestra Private Wealth Services Expands Geographic Footprint With $150 Million AdditionAUSTIN, Texas----Kestra Private Wealth Services, LLC (Kestra PWS), a registered investment adviser subsidiary of Kestra Financial, Inc. (Kestra Financial), today announced the addition of Ridgway Private Wealth.
Headquartered in Tucson, Arizona, Ridgway Private Wealth is led by Gordon Reynolds, CFA®, CFP®. The firm’s financial professionals specialize in advising high-net-worth individuals, families, and entrepreneurs in investment management, comprehensive financial planning, and trust capabilities. In his previous role, Reynolds oversaw approximately $625 million in client assets.
“Gordon is exactly the type of high-caliber financial professional we aim to attract to Kestra PWS,” said Rob Bartenstein, Senior Managing Director and CEO of Kestra PWS. “We look forward to empowering Ridgway Private Wealth’s delivery of personalized client service and expansion throughout southern Arizona.”
Reynolds decided to go independent after experiencing frequent changes to his compensation plan and ever-increasing required account minimums for clients to work with him. He believes the Kestra PWS model will give him the flexibility to assemble a team of professionals who are best suited to handle his clients’ growing needs.
“After researching several paths to independence, I felt confident that Kestra PWS was uniquely positioned to provide top-notch infrastructure while allowing me to run my business as I see fit,” said Reynolds. “By partnering with Kestra PWS, our clients will now experience more streamlined technology, minimized after-tax expenses, and portfolios further customized to meet their investment goals and objectives.”
Reynolds received his Master of Business Administration in Finance from Rockhurst University, and a Bachelor of Science in Business Administration with a Psychology concentration from the University of Kansas. Reynolds was previously affiliated with Wells Fargo Bank in its Investment and Fiduciary Services group.
About Kestra Private Wealth Services
Kestra Private Wealth Services, LLC (Kestra PWS) is a hybrid registered investment adviser (RIA) supporting fee- and transaction-based independent financial professional teams across the nation. Kestra PWS was established by wirehouse veterans with the express purpose of enabling former wirehouse financial professionals to achieve independence and growth. The firm's platform is composed of its independent RIA in association with Kestra Investment Services, LLC (Kestra IS) as broker-dealer in order to provide its financial professionals with an open-architecture platform and independence across both fee- and transaction-based business models. Kestra PWS has helped over 30 single- and multi-team offices across the country find independence with their full-service support model.
For more information, visit www.kestrafinancial.com/private-wealth-services.
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.
Kestra Financial is the parent company of Kestra IS, member FINRA/SIPC, and also of Kestra Advisory Services, LLC; Kestra PWS; and Kestra Institutional Services, LLC, all federally registered investment advisers.
The professionals at Ridgway Private Wealth, offer securities through Kestra IS, member FINRA/SIPC. Investment advisory services offered through Kestra PWS. Ridgway Private Wealth is a member firm of Kestra PWS, an affiliate of Kestra IS. Ridgway Private Wealth is not affiliated with Kestra IS.
Gregory FCA for Kestra Private Wealth Services
Lindsay Fitzpatrick, 610.228.2127