# Kestra Investment Management

Kestra Investment Management is a Bank / Wealth / Trust based in Austin, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Austin, United States
- **Region:** North America
- **Address:** Austin, TX, United States
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **Website:** kestraim.com
- **LinkedIn:** https://www.linkedin.com/company/kestraim

## Regulatory record

- **CRD number:** 317711
- **SEC file number:** 801-122889
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-05-11T05:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/317711

## About

Kestra Investment Management was formed in 2021 as an Austin, Texas-based registered investment advisor wholly owned by Kestra Holdings. The parent entity operates a hybrid broker-dealer and RIA platform that supports roughly 2,800 independent financial professionals nationwide, collectively overseeing more than $100 billion in client assets. Kestra Investment Management functions as the internal asset-management engine for that network, offering a curated menu of model portfolios and outsourced investment solutions to advisors who lack the time, resources, or specialized expertise to construct portfolios themselves. The firm also provides discretionary investment management directly to individuals, trusts, estates, charitable organizations, and corporate clients across the United States. The firm's investment process centers on an open-architecture platform that combines third-party fund selection with proprietary asset-allocation models. Core portfolio strategies span equities, fixed income, and alternatives — with allocations structured through a mix of mutual funds, ETFs, and separately managed accounts. Manager search and due diligence are carried out by an in-house team that screens for institutional-quality funds, monitoring factors including performance consistency, operational risk, and fee efficiency. Kestra Investment Management has built its model-portfolio line to serve a broad range of advisory practices, from one-person shops looking for turnkey solutions to larger teams needing a scalable implemented-consulting framework. The firm operates from a single office in Austin and does not publicly disclose its professionals count. Its parent, Kestra Holdings, was acquired by Stone Point Capital and Warburg Pincus in a take-private deal that closed in September 2023, a transaction that placed the platform under fresh institutional ownership while leaving Kestra Investment Management's day-to-day investment operations undisturbed. The acquisition has fueled speculation across the wealth-management industry about increased resources for M&A and expanded centralized investment services, though no structural changes have been announced. What distinguishes Kestra Investment Management from a standalone RIA or a proprietary asset manager at a wirehouse is its position inside a hybrid independent-contractor platform. Advisors on the Kestra network can use Kestra Investment Management's models as their default investment line, but they retain the flexibility to bypass them entirely and construct portfolios on their own or through external third-party strategists. That architecture — neither fully captive nor fully independent — creates a sourcing dynamic in which Kestra Investment Management must compete for internal shelf space by delivering performance and service that advisors choose voluntarily.

## Questions

### What investment services does Kestra Investment Management provide directly?

The firm offers discretionary portfolio management to individuals, trusts, estates, charitable organizations, corporations, and other business entities. It also constructs and maintains model portfolios — spanning equities, fixed income, and alternatives — that its affiliated advisors can use as outsourced investment solutions.

### Does Kestra Investment Management run proprietary funds or only third-party strategies?

The firm runs an open-architecture platform combining proprietary asset-allocation models with third-party funds, including mutual funds, ETFs, and separately managed accounts. Manager selection is handled by an in-house due-diligence team that screens for institutional-quality strategies across asset classes.

### What changed when Stone Point Capital and Warburg Pincus acquired Kestra Holdings?

The September 2023 acquisition took Kestra Holdings private and placed it under joint ownership by two large private equity firms. Kestra Investment Management's day-to-day investment operations were not restructured as part of the deal, though the new ownership structure is widely expected to support increased M&A activity and expanded centralized-investment resources over time.

## Related profiles

- [Kestra Advisory Services](https://altss.com/profile/kestra-advisory-services)
- [Kettering University Endowment](https://altss.com/profile/kettering-university-endowment)

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Last updated: 2026-06-03T20:00:00.000Z

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