Two Kestra Private Wealth Services Teams Combine to Form $500M FirmTwo Kestra Private Wealth Services Teams Combine to Form $500M Firm
Brea, Calif.-based PSM Private Wealth Management and San Diego-based California Wealth Transitions have joined forces.
Two advisory firms affiliated with Kestra Private Wealth Services, a subsidiary of Kestra Financial, have merged, creating a combined firm with nearly $500 million in client assets. Brea, Calif.-based PSM Private Wealth Management and San Diego-based California Wealth Transitions have joined forces, operating under the California Wealth Transitions name.
Principals of the combined firm include Keith and Nicki Brandt, Janet Pearce, Bradley Saunders and Krista Murray. The firm recently hired Blake Murphy as vice president and financial advisor in San Diego, and David Brandt in the same role in the Brea office.
“As this deal came together, we recognized the opportunity to build a firm that will live well past its founders and serve current and future clients for many years to come,” Keith Brandt said in a statement. “Blake and David are seasoned professionals who represent the next generation of California Wealth Transitions’ advice and service.”
Kestra Private Wealth Services is a division of the independent broker/dealer that helps wirehouse advisors go independent, providing office logistics assistance, consultative compliance support, a comprehensive platform, a transition plan and daily management support. The division recently announced it had its best recruitment quarter in the second quarter and is on pace for a record recruiting year.
