Kestra Holdings subsidiary demonstrates rapid growth, hitting major milestone in just two years of operation
Kestra Investment Management, a division of Kestra Holdings, an industry-leading wealth management platform provider, announced it reached $1 billion in assets under management (AUM), just one year after launching its first model portfolios.
“Our portfolio management expertise has proven invaluable for our associated financial professionals in serving their clients. We are eager to build on our successes and continue to evolve our investment management techniques.”
“Celebrating our $1 billion AUM milestone reflects the skill and commitment of our team in offering industry-leading investment strategies, with our Model Portfolio Series chief among them,” said Chief Investment Officer Kara Murphy. “Our portfolio management expertise has proven invaluable for our associated financial professionals in serving their clients. We are eager to build on our successes and continue to evolve our investment management techniques.”
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Since it was established in 2021, KIM has launched eight Model Portfolio Series in addition to managing custom portfolios for high-net-worth individuals, all exclusively available to clients of financial professionals associated with Kestra Holdings’ subsidiaries. Murphy and her team, including Senior Vice President and Head of Portfolio Management Derek Schug, oversee the development and rollout of KIM’s investment solutions with a mission to continuously enhance them. The success of the division’s growth allows for the continued evolution and development of products that meet financial professionals’ needs to serve clients.
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“We’re enthusiastic about the strong impact Kara and her team have made in just under two years, evidenced by their rapid growth in AUM and the launch of multiple, successful Model Portfolio Series,” said James Poer, CEO of Kestra Holdings. “Their success is derived directly from the success of the financial professionals we serve and demonstrates our ongoing commitment to supporting independent financial professionals with the resources, tools, and technologies they need to more easily and flexibly serve their clients.”
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