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After greater than 15 years with Edward Jones, advisor Will Gungoll has joined Kestra Non-public Wealth Companies and launched his personal apply, Buffalo Capital Administration, a nod to his Native American heritage, in Enid, Okla.
Joined by Administrative Relationship Supervisor Deena Timm, Gungoll affords holistic monetary planning and portfolio administration for households, people and small enterprise house owners.
Gungoll stated in a press release the transfer to independence will permit the staff to “achieve a deeper understanding of the purchasers we serve whereas offering a extra refined expertise with out the distractions of company pursuits.”
Kestra launched its Non-public Wealth Companies division in 2010 to assist wirehouse and W-2 advisors go impartial, offering workplace logistics help, consultative compliance assist, a complete platform, a transition plan and each day administration assist. The agency has since helped to launch greater than 35 practices in 17 states, with Buffalo Capital representing its first workplace in Oklahoma.
In 2023, Kestra PWS picked up a number of former Goldman Sachs advisors from a unit that was bought to Artistic Planning, and helped to launch not less than seven impartial practices, together with Vacation spot Wealth Advisors, Impressed Wealth Planning, Thriving Asset Administration and Affidaré Non-public Wealth Administration.
Kestra Monetary was overseeing greater than $100 billion in consumer belongings throughout all 4 entities on the finish of 2022, about half of which was below administration. The agency is owned by Kestra Holdings, which is majority owned by Warburg Pincus and contains acquisition-focused RIA Bluespring Wealth Companions and Arden Belief Firm.
In 2023, Kestra bought off subsidiary Grove Level Monetary—together with about $15 billion in belongings—to Atria Wealth Options.
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