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Direct Investment  + M&As  |  July 8, 2024
Kestra Financial Adds $400M Hudson Valley FA Team
By: Joe Palmisano

Kestra Financial Adds $400M Hudson Valley FA Team

Kestra Financial, a wealth management platform, has acquired Lodi Wealth Advisors, a wealth management firm specializing in personalized, high-touch service with over $400 million in assets.

Lodi, based in Westchester County, NY, was founded by Scott LoPresti, who began his career in the brokerage industry in 2006 with Hornor, Townsend & Kent and MetLife Securities before joining LPL Financial in 2017. According to BrokerCheck, he was registered with both Lincoln Financial Group and Kestra prior to changing.

The team has affiliated with Kestra Advisory Services, an affiliate of the Austin, TX-based independent broker-dealer Kestra Financial, a division of Kestra Holdings that manages approximately $103 billion in assets under advisement with more than 1,700 financial professionals.

“Kestra Financials’ robust ecosystem and offerings are exactly what we’re looking for in a partner firm,” said Scott LoPresti, Founder of Lodi Wealth Advisors. “As an organization committed to providing exceptional, tailored service to our clients, we saw in Kestra Financial a firm that has the capabilities to support us in delivering that excellence.”

The Kestra Financial division includes Kestra Private Wealth Services, LLC, Kestra Advisory Services, LLC and Kestra Investment Services, LLC.

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Kestra Financial Lodi Wealth Advisors

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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