Kestra Private Wealth Services Adds $427M Ohio-Based Arc Private Wealth
Kestra Private Wealth Services, a registered investment adviser subsidiary of Kestra Financial Inc., recently announced the addition of Arc Private Wealth to its platform. Arc offers customized solutions, including wealth management, and retirement planning.
With multiple locations in Northwest Ohio – including Oregon, Waterville and Upper Sandusky, the firm is joining Kestra PWS with founders Dave Riggenbach, Adam Lublin, Amy Fredritz, and Dylan Clement at the helm. In addition to its four founders, the team includes five support staff and oversees more than $400 million in client assets.
“We prioritize client relationships, and when going independent, we were looking for a partner firm that shares these values,” said Dave Riggenbach, co-founder and wealth adviser at Arc Private Wealth. “By joining Kestra PWS, we’re able to serve our clients with a high-touch, white-glove experience and provide them access to high quality investment platforms and products.”
By partnering with Kestra PWS, Arc gains access to its full-service support model. While Kestra PWS oversees the firm’s transition to an independent business, Arc plans to focus on strengthening and building its relationships with clients.
“We are committed to supporting our partners in achieving their goals of growth and independence,” said Rob Bartenstein, senior managing director and chief executive officer of Kestra PWS. “In Arc Private Wealth, we see a blend of harmonious relationships and dedication to a personalized experience that reflects our devotion to excellence. We look forward to welcoming them to the Kestra PWS community and the broader Kestra network.”
Last month, Kestra PWS added Worth Trainor to its community of independent financial professionals. This was in partnership with Stuart, Fla.-based firm, The Sade Group Private Wealth Management – now Riverside Private Wealth Management – which joined the Kestra network in 2015. In total, Trainor and Riverside brought $300 million in assets under management.
Kestra Private Wealth Services LLC is a hybrid registered investment adviser headquartered in Austin, Texas, and supporting independent financial professional teams across the nation. Kestra PWS empowers advisers to transition from wirehouses and W-2 roles to independent businesses and has helped more than 125 financial professionals and more than 50 single- and multi-team offices across the country find independence with their full-service support model.
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