Austin, Texas-based hybrid RIA Kestra Private Wealth Services, a subsidiary of Kestra Financial, has added Campus Private Wealth to its platform. The Arlington, Va.-based firm specializes in generational wealth strategies for high-net-worth and ultra-high-net-worth investors and manages $400 million in assets.
According to Campus Private Wealth founders Bill Milby, CEO and CIO, and Jason Lindner, COO, their desire to pursue an independent RIA model drove the decision to join Kestra Private Wealth Services. Kestra’s platform provides independent advisors with resources, including office logistics assistance, compliance support, cutting-edge technology and daily management support.
Rob Bartenstein, CEO of Kestra Private Wealth Services, noted that "Having known Bill [Milby] for 20 years, I’ve witnessed firsthand his growth into a consummate financial professional with a broad skill set and a deep passion for his clients. His and Jason’s commitment to fostering meaningful client relationships and delivering tailored, forward-looking solutions make them an ideal fit for Kestra PWS. Their approach embodies the values we seek in our partners as we work to empower independent advisors to excel."
"We were drawn to Kestra PWS because it offers the unique opportunity to operate independently while benefiting from robust support and resources," said Lindner. "The ability to customize offerings to meet clients' needs, combined with the trust built from Bill’s long-standing professional relationship with Rob, made Kestra PWS the ideal partner for our practice.
Kestra Private Wealth Services added a number of financial advisor practices in 2024. These additions included New York City-based Borger Financial Services, a firm with $600 million in AUM; Arc Private Wealth, a Northwest, Ohio-based firm with $427 million in AUM; and Attain Wealth Partners, a team of five Zanesville, Ohio-based advisors who previously managed $500 in assets for Merryl Lynch. Since 2010, when Kestra Private Wealth Services was launched, it has added 50 single- and multi-team RIA offices to its platform.
Late in 2024, Kestra Holdings, the parent of Kestra Financial, was recapitalized as its former investor, Stone Point Capital, re-acquired a majority stake in the company from private equity firm Warburg Pincus. That deal is scheduled to close in the first quarter of this year, and the money is expected to go toward Kestra’s recruiting efforts, service and technology platform and wealth management acquisition business.
