Warburg Pincus to take majority stake in Kestra Financial
Summary
Kestra Financial’s recapitalization will provide additional fuel to an already robust growth engine, which has included industry-leading recruiting, powerful advisor technology, and institutional and wealth management acquisitions. The company’s focus on providing best-in-class service and technology to its advisors and their clients positions the business for an exciting future,” said Arjun Thimmaya, Managing Director, Warburg Pincus. We firmly believe in their growth prospects and look forward to our continued partnership with James and the rest of the talented management team, as well as with Warburg Pincus,” said Fayez Muhtadie, Senior Principal at Stone Point. With a culture rich in reinvention and advisor advocacy, Kestra Financial has developed integrated business management technology that, combined with its personalized consulting services, offers exceptional scale and efficiency. The firm is headquartered in New York with offices in Amsterdam, Beijing, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai and Singapore.