Niva WealthLet’s talk

Kestra Private Wealth Services

SEC-registered adviser since 2010Austin, TXCRD 155193

$13.5B
AUM
20,230
Clients
See fees
Fee
211
Advisory staff

From Form ADV filed 22 September 2026 · data retrieved 15 October 2026SEC record

Kestra Private Wealth Services is an investment adviser headquartered in Austin, Texas, and registered with the SEC since 2010. Its clients include high-net-worth individuals, other individuals, and corporations and other businesses. High-net-worth individuals account for 68% of its regulatory assets under management.

Its services include financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers. Fee arrangements include a percentage of assets under management, hourly charges and fixed fees. Kestra Financial, Inc. owns 75% or more of Kestra Private Wealth Services, and Robert Bartenstein is its CEO.

Clients

Kestra Private Wealth Services serves 20,230 clients, 5,300 of them high-net-worth individuals. The average client has about $665,000 with the firm, and high-net-worth clients hold 68% of its $13.5 billion in assets.

Regulatory assets by client type
  • Individuals14,677 clients30%
  • High-net-worth individuals5,300 clients68%
  • Corporations and other businesses210 clients2%
  • OtherPension and profit-sharing plans, Charitable organizations, Insurance companies1%
Show client breakdown
Individuals (other than HNW)
Clients
14,677
Regulatory AUM
$3,975,871,509
Share
29.6%
Avg. per client
$271K
High-net-worth individuals
Clients
5,300
Regulatory AUM
$9,082,626,272
Share
67.5%
Avg. per client
$1.71M
Pension and profit-sharing plans
Clients
15
Regulatory AUM
$15,539,771
Share
0.1%
Avg. per client
$1.04M
Charitable organizations
Clients
23
Regulatory AUM
$38,926,592
Share
0.3%
Avg. per client
$1.69M
Insurance companies
Clients
5
Regulatory AUM
$13,329,555
Share
0.1%
Avg. per client
$2.67M
Corporations and other businesses
Clients
210
Regulatory AUM
$325,930,334
Share
2.4%
Avg. per client
$1.55M

Total

Clients
20,230
Regulatory AUM
$13,452,224,033
Share
100%
Avg. per client
$665K

What it does

Kestra Private Wealth Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting and selecting other managers. It is paid through a percentage of assets, hourly charges and fixed fees.

Kestra Private Wealth Services provided financial planning to 51–100 clients last fiscal year and advises no private funds.

99.9% of assets ($13.43B across 33,279 accounts) are managed with discretion; $18.3M across 54 accounts are not. $5.03B sits in a wrap fee program the firm both sponsors and manages. 0% of clients are outside the U.S., and 109 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks36%
  • Funds55%
  • Bonds4%
    • U.S. government and agency bonds2%
    • State and local bonds1%
    • Investment grade corporate bonds1%
  • Cash5%

Custodians

Kestra Private Wealth Services’ client accounts are held mainly at Fidelity, with 94% of managed assets. Kestra Private Wealth Services has custody of $13.38B for 19,749 clients.

Managed account assets by custodian
  • FidelityNational Financial Services LLC · Boston, MA · $12.66B94%
  • All other custodians$788.3M6%

Ownership and leadership

Kestra Financial, Inc. owns 75% or more of Kestra Private Wealth Services, and Robert Bartenstein is its CEO.

Who owns the firm
Kestra Private Wealth Services, LLC· the adviser

  • Kestra Financial, Inc.

    Control person · since March 2014

    Owns 75% or more of Kestra Private Wealth Services, LLC

Leadership

  • Robert Bartenstein
    Chief Executive Officer
  • John Amore
    President
  • Scott Zegers
    Chief Financial Officer
  • Michael Pedlow
    EVP, Chief Compliance Officer
  • Jeremy Carr
    EVP, General Counsel
  • Jean-Luc Dupont
    Head of Cybersecurity and Technology Risk
  • Vinay Kant
    EVP, Chief Digital Technology Officer
  • Mark Schoenbeck
    EVP, Advisor Engagement
  • Angela Xavier
    EVP, Client Experience Officer
  • Yin Yin
    Assistant Secretary

Staff

  • 211 employees
  • 211 in advisory functions
  • 205 state-registered reps
  • 201 broker-dealer reps
  • 150 insurance agents

Reported holdings

Kestra Private Wealth Services’ reported 13F holdings total $9.10B across 1,817 positions, and the ten largest make up 17.4% of it.

$9.10B
Reported 13F value
1,817
Positions
17.4%
In the 10 largest
+12.1%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. Apple Inc.3.2%
  2. Nvidia Corporation3.2%
  3. Amazon Com Inc.2.0%
  4. Alphabet Inc. · Cap Stk CL A1.7%
  5. Microsoft Corp.1.6%
  6. Invesco Qqq TR · Unit Ser 11.4%
  7. JPMORGAN Chase & CO1.2%
  8. Micron Technology Inc.1.1%
  9. Vanguard Index Fds · Value ETF1.0%
  10. Vanguard Index Fds · Growth ETF1.0%

Together, the ten largest are 17.4% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 28 July 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $9.10B is not its $13.45B in regulatory assets and does not represent any individual client's portfolio.

Fees

Kestra Private Wealth Services is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees).

Kestra Private Wealth Services’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Kestra Private Wealth Services has 42 offices, with 27 listed addresses across 18 states.

Listed office addresses by state

Texas · 2 listed addresses

  • 5707 Southwest Parkway, BLDG. 2 Ste 400, AustinHQ
  • 5801 Headquarters DR, Plano

Registration details

Legal name
Kestra Private Wealth Services, LLC
Headquarters
5707 Southwest Parkway, BLDG. 2 Ste 400, Austin, TX 78735
Phone
844-553-7872
Website
www.kestrafinancial.com
SEC file
801-71936
Structure
Virginia LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Kestra Private Wealth Services have?

Kestra Private Wealth Services has 20,230 clients and manages $13.5 billion for them, as of September 2026. They include 14,677 other individuals, 5,300 high-net-worth individuals and 210 corporations and other businesses.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 22 September 2026

What services does Kestra Private Wealth Services offer?

Kestra Private Wealth Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting and selecting other managers.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Kestra Private Wealth Services use?

Kestra Private Wealth Services’ separately managed account assets are held at National Financial Services LLC (Boston, MA), with $12,663,947,950. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 22 September 2026

How many financial advisors does Kestra Private Wealth Services have?

Kestra Private Wealth Services has 205 investment adviser representatives registered with state securities authorities, out of 211 employees, and 211 perform investment advisory functions. 201 are registered representatives of a broker-dealer and 150 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Kestra Private Wealth Services invest in?

At the end of its last fiscal year, Kestra Private Wealth Services’ separately managed accounts held 55% registered funds (mutual funds, ETFs, BDCs), 36% exchange-traded equities, 5% cash and equivalents, 2% U.S. government and agency bonds, 1% state and local bonds and 1% investment grade corporate bonds. It advises no private funds of its own.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Kestra Private Wealth Services?

Kestra Private Wealth Services is owned through a chain of holding companies by Ohcp VI Enzo Aggregator, L.P. and T-IX Kraken Co-Invest, LP. Its direct owner is Kestra Financial, Inc. (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 22 September 2026

How does Kestra Private Wealth Services get paid?

Kestra Private Wealth Services is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 22 September 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 155193.
  3. Form 13F-HR, filed 28 July 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

Download source data (JSON)How this directory is compiledReport a correction

This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Kestra Private Wealth Services, LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.