Our 4 Core Pillars: Taking the Risk Out of Real Estate
(This post is the second of a four-part blog series examining the core pillars that constitute Kestra Private Wealth Services: equipment, real estate, technology, and compliance.)
Not a real estate expert, but craving freedom from the wirehouse? That’s where we come in. Fueled by decades of experience, Kestra PWS has successfully established 32 offices nationwide and developed a well-groomed process to help independent financial professionals like you manage their real estate needs.
From finding an office location to paying rent on your behalf, we alleviate the financial and emotional stress of establishing an independent shop, so you feel at ease stepping out of the wirehouse environment. Here is a step-by-step snapshot of how we get things up and running:
- Research and identify an office location: To begin, we’ll sit down with you to learn exactly what you’re looking for. Is there a certain zip code you want to be in? How many employees will you have, and how much square footage will you need? Do you want to be in a large corporate center or have a standalone building? We take all of these factors into consideration when conducting an extensive real estate search.
From there, we’ll identify approximately 10 potential office locations and let you select your top five favorites. We’ll then tour each site until you’re confident you’ve found the right fit. Don’t worry: We thoroughly vet each commercial landlord to ensure they are experienced, reputable, and trustworthy.
- Negotiate lease terms and pay office rent: After a decision is reached, we then enter lease negotiation. There are a variety of commercial lease types, so we’ll select an option that makes sense for your business. We’ll also sign the contract under Kestra PWS to remove your firm from the economic risk of committing to a long-term lease agreement. Most importantly, we’ll put down all necessary deposits and pay monthly rent on your behalf.
- Design and oversee office buildout: Now comes the fun part. We want each office space to reflect the unique style and culture of the team that inhabits it, which is why no two of our buildings look the same. We’ll work with you to customize your workspace down to every detail. Do you prefer a modern or traditional style? Glass or chrome? Tile or wood flooring? Once a design plan is in place, our skilled project management team will ensure all renovations are executed properly and efficiently.
The buildout period will take place while you’re with your current employer, so you can step directly out of the wirehouse and into your newly minted office.
- Handle ongoing back-office management: Once your team is settled into your new space, we’ll take care of the perpetual back-office minutiae that comes with owning a business. Have a leaky pipe or a broken garbage disposal? Need a resupply of paper or pens? Give us a call and we’ll handle the rest. We want you to spend more time doing what you do best – serving your clients.
The key takeaway
Going independent doesn’t mean going it alone. Through a partnership with Kestra PWS, you have the freedom to operate your business with full-service support and unmatched expertise behind you. Start a conversation with us today to learn how we can serve your real estate and other business needs.