Two Merrill Lynch teams merge to form firm dedicated to providing top-tier client service with Kestra PWS’ flexible model
AUSTIN, Texas, June 14, 2022–(BUSINESS WIRE)–Kestra Private Wealth Services, LLC (Kestra PWS), a registered investment adviser subsidiary of Kestra Financial, Inc. (Kestra Financial), today announced the addition of Polaris Private Wealth, located in Auburn Hills, Michigan.
The firm’s leaders, Jon Teal, Shawn Glasgow, Matt Rykulski, and Michael Sharber merged two former Merrill Lynch teams to form Polaris Private Wealth, a top-tier business committed to providing premier, individualized client service. Also joining the firm is support staff Melissa Hintz as Senior Registered Client Associate.
The team was drawn to Kestra PWS’ flexible platform and chose independence to tailor their business and the financial products and services they offer to the specific needs of their valued clients.
“As independent financial professionals, we are excited to have the opportunity to build a business around the needs of our clients,” the Polaris Private Wealth team said. “Kestra PWS was an obvious cultural match and its direct line of communication to top-level executives and staff will provide the guidance we need to reach our goal of becoming trusted, go-to experts for our clients and a pillar in our community.”
The Polaris Private Wealth team collectively oversees over $300 million in client assets.
“Polaris Private Wealth epitomizes what we look for in a firm — a team dedicated to the industry and their fiduciary responsibility,” said Rob Bartenstein, Senior Managing Director and CEO of Kestra PWS. “We designed our full-service support model with firms like Polaris in mind. Our flexible platform will provide them the freedom to focus on clients’ financial goals, while we handle the back-office burdens like technology, compliance, and more.”
Polaris Private Wealth is Kestra PWS’ second office in Michigan.
About Kestra Private Wealth Services
Kestra Private Wealth Services, LLC (Kestra PWS) is a hybrid registered investment adviser (RIA) supporting fee- and transaction-based independent financial professional teams across the nation. Kestra PWS was established by wirehouse veterans with the express purpose of enabling former wirehouse financial professionals to achieve independence and growth. The firm’s platform is composed of its independent RIA in association with Kestra Investment Services, LLC (Kestra IS) as broker-dealer in order to provide its financial professionals with an open-architecture platform and independence across both fee- and transaction-based business models. Kestra PWS has helped over 30 single- and multi-team offices across the country find independence with their full-service support model.
For more information, visit www.kestrafinancial.com/private-wealth-services.
Kestra Financial, Inc. (Kestra Financial) provides a leading independent advisor platform that empowers sophisticated, independent financial professionals, including traditional and hybrid RIAs, to prosper, grow, and provide superior client service. With a culture rich in reinvention and advisor advocacy, Kestra Financial has developed integrated business management technology that, combined with its personalized consulting services, offers exceptional scale and efficiency.
Kestra Financial is the parent company of Kestra IS, member FINRA/SIPC, and also of Kestra Advisory Services, LLC; Kestra PWS; and Kestra Institutional Services, LLC, all federally registered investment advisers.
The professionals at Polaris Private Wealth offer securities through Kestra IS, member FINRA/SIPC. Investment advisory services offered through Kestra PWS. Polaris Private Wealth is a member firm of Kestra PWS, an affiliate of Kestra IS. Polaris Private Wealth is not affiliated with Kestra IS.
For more information, visit www.kestrafinancial.com.
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Gregory FCA for Kestra PWS
Erin Jacob, 610-200-0566