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Financial Advisory  + RIAs & Financial Advisors  + Wealth Management  |  September 19, 2024
Kestra Financial Onboards $225M New York FA Duo
Joe Palmisano
By: Joe Palmisano

Kestra Financial Onboards $225M New York FA Duo  

Kestra Financial has added Erudite Wealth Management Inc., a NY-based full-service wealth management firm overseeing $225 million in assets, to its platform. 

The two-person team includes David Weinstock, president and founder, and Carjin Michel, COO. The firm has more than 140 clients and seeks to grow and scale its offerings and build on its vision of becoming a legacy firm. 

“The depth of industry expertise, personalized support and robust offerings that the Kestra Financial ecosystem provides is exactly what we’re looking for in a partner,” said Weinstock. 

In early July, Austin-based Kestra acquired Lodi Wealth Advisors, a wealth management firm specializing in “personalized, high-touch service” with over $400 million in assets. 

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

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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