Trident VI Acquires Kestra Financial

The transaction sets the stage for Kestra to establish a brand that will be a beacon for thriving independent advisors who share the firm’s commitment to providing integrity-centric services and next-generation technology solutions to their clients.

Kestra embraces a collaborative approach to defining advisor success based on an individual’s specific goals. The company’s suite of tools and consulting services can empower advisors to grow assets under management, attract increasingly higher-net-worth clients, and increase profitability through the use of more efficient technology.

“Our firm has an established legacy of empowering advisors and providing the necessary resources and support to help them achieve success, the definition of which is unique to each advisor,” said James Poer, President and Chief Executive Officer of Kestra Financial. “Under our new brand and ownership structure, Kestra is entering an exciting era while maintaining this commitment.”

“While we remain selective in our pursuit of high-earning, sophisticated advisors with established businesses, we’re excited about the opportunity to expedite investments in our delivery of next-generation technologies, thanks to our relationship with Stone Point,” Poer continued. “Because our advisors typically enjoy double-digit growth and some of the highest average production-per-advisor rates in the industry, we know we’ve created an environment in which independent advisors can optimize their businesses.”

Under the terms of the transaction, Kestra’s former parent company, NFP, a leading insurance broker and consultant, sold a majority interest in Kestra, formerly known as NFP Advisor Services, to funds managed by Stone Point. NFP’s ultimate parent will maintain a substantial minority ownership stake in Kestra following the transaction.

“The response from existing and prospective advisors regarding our next phase has been overwhelmingly positive, and we are grateful for our continued alignment and partnership with NFP,” added Poer.

“We are thrilled to partner with the management of Kestra to build a next-generation independent advisor platform,” commented Chuck Davis, Chief Executive Officer of Stone Point. “Our business model is designed to team up with experienced management teams poised for even greater success, and Kestra is no exception.”

About Kestra Financial
Kestra Financial, Inc. provides a leading independent advisor platform that empowers sophisticated independent financial professionals, including traditional and hybrid RIAs, to prosper, grow and provide superior client service. With a culture rich in reinvention and advisor advocacy, we’ve developed integrated business management technology that, combined with our personalized consulting services, offers exceptional scale and efficiency.

Headquartered in the “Silicon Hills” of Austin, Texas, Kestra Financial offers an experience as unique as the city in which it operates. The firm supports more than 1,700 independent financial advisors in delivering comprehensive securities and investment advisory services to their clients. Kestra Financial is the parent company of Kestra Investment Services, LLC, member FINRA/SIPC, and of Kestra Advisory Services, LLC, Kestra Private Wealth Services, LLC, and Kestra Institutional Services, LLC, all federally registered investment advisers. For more information about Kestra Financial, visit www.kestrafinancial.com

About Stone Point Capital LLC
Stone Point Capital LLC is a financial services-focused private equity firm based in Greenwich, CT. The firm has raised and managed six private equity funds – the Trident Funds – with aggregate committed capital of approximately $13 billion. Stone Point targets investments in the global financial services industry, including investments in companies that provide outsourced services to financial institutions, banks and depository institutions, asset management firms, insurance and reinsurance companies, insurance distribution and other insurance-related businesses, specialty lending and other credit opportunities, mortgage services companies and employee benefits and healthcare companies.

For further information about Stone Point, visit www.stonepoint.com

About NFP
At NFP Corp., our solutions and expertise are matched only by our personal commitment to each client’s goals. We’re a leading insurance broker and consultant that provides employee benefits, property & casualty, retirement, and individual insurance and wealth management solutions through our licensed subsidiaries and affiliates.

NFP has more than 3,400 employees and global capabilities. Our expansive reach gives us access to highly rated insurers, vendors and financial institutions in the industry, while our locally based employees tailor each solution to meet our clients’ needs. We’ve become one of the largest insurance brokerage, consulting and wealth management firms by building enduring relationships with our clients and helping them realize their goals.

Recently NFP was ranked the 2nd fastest-growing U.S. large-group employee benefits brokers by Employee Benefit Adviser. In addition, Business Insurance ranked as the 5th largest global benefits broker by revenue, the 4th largest US-based privately owned broker and the 11th largest broker of US business. PlanSponsor ranked us the 5th largest executive benefits provider of nonqualified deferred compensation by number of plans, and we were ranked 11th in personal lines P&C revenue by Insurance Journal.
For more information, visit NFP.com.

Contacts
For Kestra Financial:
Gregory FCA
610-228-2103
kestra@gregoryfca.com
or
For Stone Point Capital LLC:
Emanuel Citron, 203-862-2974
ecitron@stonepoint.com