Kestra PWS Adds $427M Ohio Wealth Manager
Kestra Private Wealth Services (Kestra PWS), a hybrid registered investment advisor subsidiary of Kestra Financial, Inc., has added $427 million Ohio-based Arc Private Wealth to its platform. The firm offers wealth management, retirement planning, and more.
With multiple locations in Northwest Ohio, Arc Private Wealth is led by Dave Riggenbach, Adam Lublin, Amy Fredritz and Dylan Clement, collectively bringing over 40 years of expertise to the wealth management space. In addition to its four founders, the team includes five support staff.
“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 advisor 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.”
Firms that affiliate with Austin, TX-based Kestra PWS benefit from the platform’s support framework, while Kestra oversees the transition of the team to autonomy. The Kestra Financial division includes Kestra Private Wealth Services, LLC, Kestra Advisory Services, LLC and Kestra Investment Services, LLC.
Kestra Financial is a subsidiary of Kestra Holdings, which also oversees Bluespring Wealth Partners, the M&A division of the organization.
Last month, Kestra PWS announced it added Worth Trainor as a managing partner in partnership with Stuart, FL-based The Sade Group Private Wealth Management, now Riverside Private Wealth Management, which joined the Kestra network in 2015. Collectively, Trainor and Scott Sade, founder and managing director of The Sade Group Wealth Management, oversee more than $300 million in assets.
Pictured: Dave Riggenbach, co-founder and wealth advisor, Arc Private Wealth
