Kestra Financial Brings In WEFS
Kestra Financial has welcomed Wealth Empowerment Financial Strategies (WEFS) to its network of independent wealth management firms.
The firm, led by Senior Managing Director and founder Eric Lyon, and Senior Managing Director Tom Holly, specializes in wealth management and retirement solutions. The WEFS team of 31 independent advisors and staff members oversees $1.4 billion in assets under management (AUM).
Established in 2006, WEFS plans to leverage its partnership with Kestra Financial to further streamline its financial solutions offerings.
“After a long process of interviews and due diligence, the decision to move forward with Kestra Financial was a natural one,” said Lyon. “We were impressed with everything Kestra Financial had to offer – from its executive management team and technology platform to its back-office tech and resources – and knew this would help the growth of our firm down the line.”
“We’re thrilled to welcome WEFS to our network of independent wealth management firms,” said Daniel Schwamb, executive vice president of Business Development at Kestra Financial. “WEFS and Kestra Financial share a joint ethos of teamwork and collaboration, making Eric and his team a perfect fit within our premier community of independent financial professionals.”
The WEFS team join Kestra from B. Riley Wealth Management.
SEE ALSO:
Corporate Roundup: Corebridge Launches Annuity Feature, PGIM Brings in Leader
Corporate Roundup: Transamerica Expands $2B Retirement Program, CFP Board Welcomes Directors
Corporate Roundup: Carson Group Buys $1B Firm, John Hancock Hires Participant Outcomes Leader
Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with over six years of experience and a passion for telling stories and reporting news. Amanda received her degree in journalism and government and politics at St. John’s University. She is originally from Queens, New York, but now resides in Denver, Colorado with her partner. In her free time, Amanda enjoys running, cooking, and watching the latest drama show.
