Kestra Private Wealth Services Strengthens Virginia Presence With Addition of Wirehouse Breakaway
AUSTIN, Texas-- Kestra Private Wealth Services, LLC (Kestra PWS), a registered investment adviser subsidiary of Kestra Financial, Inc. (Kestra Financial), today announced the addition of Nelson Lutz to its platform. In partnership with Freedom Fiduciary Advisors, which joined Kestra PWS in 2021, Lutz brings 17 years of experience to the firm.
Lutz was drawn to the firm for its client-focused philosophy and to Kestra PWS for its vast resources, cutting edge technology, and flexible offerings.
“I’ve known the Freedom Fiduciary Advisors team for years and when I learned about their experience going independent with Kestra PWS, I knew it was a perfect fit for me,” Lutz said. “With this support, I can create the business model I envision and provide my clients with personalized service without the mandates and limitations of a big bank, which will naturally lead to growth.”
The partnership will provide Lutz the opportunity to expand his client offerings and further Freedom Fiduciary Advisors’ goal of growing its roster of financial professionals and expanding its national footprint.
“We are excited about what we’ve accomplished since partnering with Kestra PWS one year ago, and adding Nelson, who brings a tremendous amount of experience to the table and fits our client-focused model, is the perfect next-step,” said Ron Kiser, Managing Partner of Freedom Fiduciary Advisors. “We want to continue this momentum and Kestra PWS and its leaders are providing the technology, real estate, and back-office support we need to grow while maintaining superior service.”
Lutz will open a Richmond, Virginia-based office, which marks Freedom Fiduciary Advisors’ third location in Virginia.
“Nelson and the Freedom Fiduciary Advisors team exemplify what the Kestra PWS model is designed to do: achieve independence and then develop and execute a growth strategy,” said Rob Bartenstein, Senior Managing Director and CEO of Kestra PWS. “Our full-service support model provides all the tools these firms need to succeed, and we look forward to watching Freedom Fiduciary Advisors and our other associated firms expand even further.”
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.
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 Freedom Fiduciary Advisors offer securities through Kestra IS, member FINRA/SIPC. Investment advisory services offered through Kestra PWS. Freedom Fiduciary Advisors is a member firm of Kestra PWS, an affiliate of Kestra IS. Freedom Fiduciary Advisors is not affiliated with Kestra IS.
Media Contact
Gregory FCA for Kestra PWS
Kristen Barbaresi, 507-269-4187
kestra@gregoryfca.com
