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Deals Of The Day: The Latest In Wealth Management M&A - Kestra

Tom Burroughes, Group Editor , September 17, 2020

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The latest corporate moves, including mergers and acquisitions, within the North American wealth management sector.

Kestra
Texas-based Kestra Financial has added RS Will Wealth Management of Frederick, Maryland, to its platform. 

The business comes from Merrill Lynch Wealth Management and has rebranded, Kestra said in a statement. 

The team is composed of William Coffey, Mark Mayer, Paul McArthur, and Morgan “Alex” Kelly. They oversee $1.0 billion of assets under management, working with high net worth individuals, families, business owners and non-profit organizations. The firm was founded in 1972.

Kestra is situated in the “Silicon Hills” of Austin, Texas, and supports more than 1,700 independent financial professionals. It is majority-owned by private equity house Warburg Pincus. In July 2019, Kestra created Bluespring Wealth Partners, a business to buy RIAs and other wealth managers.

As part of this publication's M&A coverage, here is a recent feature about what is happening in the multi-family offices space.




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