Kestra Financial Lands $800M Wealth Management Team  

Kestra Financial has added a 10-person advisor team that oversees $800 million in assets under management. 

Kestra’s latest addition is Westwood, MA-based Grandview Partners, a wealth management firm, founded in 2019 by Douglas Mavilia, Timothy Ryan, and Peter Smith.

The team also includes advisors Dan Sparta and Peter Donohoe, and director of operations Lindsey Hardy, and provides “comprehensive” and “high-quality guidance” to high-net-worth individuals, families, and business owners across about 650 households. 

Prior to joining Kestra, Grandview Partners was affiliated with Commonwealth Financial Network. 

Kestra’s “approach and commitment to accessible, high-quality service were clear from the start,” Mavilia said. “Their culture aligns with how we serve our clients – collaboratively, consistently, and with attention to the details that matter. This partnership strengthens our ability to deliver on that promise.” 

Grandview’s jump to Kestra marks the continued movement of advisors who are fleeing Commonwealth after the firm was acquired by LPL Financial in August.  

While LPL Financial has previously stated that the independent broker-dealer also stated that it is on track to retain approximately 90% of Commonwealth advisors, it is unclear if that projection is feasible.  

Austin-based Kestra Financial, which also includes Kestra Advisory Services and Kestra Investment Services, says it supports more than 1,300 financial professionals overseeing $142 billionin assets under administration.

Pictured: Douglas Mavilia (Left), Peter Smith (Middle), and Timothy Ryan (Right)