# Kestra Advisory Services, LLC

> Kestra Advisory Services, LLC is an SEC-registered investment advisory firm in Austin, TX, registered since 1998, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 22, 2026.

- CRD: 283330
- Filed as: KESTRA ADVISORY SERVICES, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Austin, TX
- Filing period: October 2026
- Form ADV filing dated: September 22, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/283330
- AdvisorCensus page: https://advisorcensus.com/firm/kestra-advisory-services-llc-austin-tx-283330

## Quick answers

**How is Kestra Advisory Services, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Kestra Advisory Services, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is Kestra Advisory Services, LLC located?**
Kestra Advisory Services, LLC's principal office is in Austin, TX, according to its Form ADV; the October 2026 filing also lists 25 other offices (Schedule D, Section 1.F).

**Is Kestra Advisory Services, LLC registered with the SEC or a state?**
Kestra Advisory Services, LLC is an SEC-registered investment advisory firm, registered since 1998. Status as filed: Approved. CRD 283330.

**How much does Kestra Advisory Services, LLC manage?**
Kestra Advisory Services, LLC reports $79,798,091,767 in regulatory assets under management in its Form ADV filing dated September 22, 2026 (78% discretionary).

**How have Kestra Advisory Services, LLC's assets and staff changed since 2021?**
In the Form ADV data for Kestra Advisory Services, LLC: Regulatory assets under management: $34,791,080,900 in the October 2021 data and $79,798,091,767 in the October 2026 data, up 129%. Total employees: 1,257 in October 2021 and 1,359 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Kestra Advisory Services, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (89,162); high net worth individuals (26,123); corporations or other businesses not listed above (1,062).

**Which custodians does Kestra Advisory Services, LLC use?**
Kestra Advisory Services, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Kestra Advisory Services, LLC report any disciplinary disclosures?**
Reports 10 disclosure items on Form ADV Item 11: yes answers to 1 question about criminal matters and 9 questions about regulatory matters (11.A(2), 11.C(1), 11.C(2), 11.C(4), 11.C(5), 11.D(1), 11.D(2), 11.D(4), 11.E(2), 11.E(4)). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/283330

**What changed in Kestra Advisory Services, LLC's recent Form ADV filings?**
In the July 2026 filing data: Item 11 disclosure answers changed: 10 yes answers, previously 9 (now yes: 11.A(2)).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- National Financial Services LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $79,798,091,767
- Discretionary: $62,105,726,709
- Non-discretionary: $17,692,365,058

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 89,162 | $24,536,094,407 |
| High net worth individuals | 26,123 | $46,812,874,825 |
| Banking or thrift institutions | Fewer than 5 | $0 |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 785 | $6,338,127,120 |
| Charitable organizations | 248 | $292,240,937 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | Not reported |
| Other investment advisers | Fewer than 5 | Not reported |
| Insurance companies | 23 | $66,305,365 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | Not reported |
| Corporations or other businesses not listed above | 1,062 | $1,752,449,113 |
| Other | 0 | Not reported |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 1998 (27 years)
- Employees: 1,359 total, 1,359 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports 10 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.A(2): In the past ten years, has the firm or an advisory affiliate been charged with a felony?
- 11.C(1): Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 11.D(1): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?
- 11.E(4): Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/283330

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Baton Rouge, LA
- Bethesda, MD
- Boca Raton, FL
- Boston, MA
- Burr Ridge, IL
- Charlotte, NC
- Dallas, TX
- Encino, CA
- Fairfield, NJ
- Fort Wayne, IN
- Frederick, MD
- Glenview, IL
- Kalamazoo, MI
- Lakewood, CO
- New York, NY
- Orlando, FL
- Paramus, NJ
- Pittsburgh, PA
- Plymouth, MN
- Pt. Jefferson, NY
- Tempe, AZ
- Timonium, MD
- Warrington, PA
- Waukesha, WI
- Wayne, PA

### Websites listed on Form ADV (Item 1.I)
- kestrafinancial.com
- Facebook @KESTRAFINANCIAL
- LinkedIn @kestra-financial
- X @KESTRAFINANCIAL
- YouTube @UCyPENQPu-1_mr7PGZsv47Cg

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $34,791,080,900 | 1,257 | July 29, 2021 |
| October 2022 | $45,080,680,529 | 1,307 | August 4, 2022 |
| October 2023 | $41,795,124,579 | 1,311 | September 11, 2023 |
| October 2024 | $48,324,319,629 | 1,266 | September 26, 2024 |
| October 2025 | $60,174,309,829 | 1,299 | April 14, 2025 |
| October 2026 | $79,798,091,767 | 1,359 | September 22, 2026 |

Regulatory assets under management: $34,791,080,900 in the October 2021 data and $79,798,091,767 in the October 2026 data, up 129%.
Total employees: 1,257 in October 2021 and 1,359 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Item 11 disclosure answers changed: 10 yes answers, previously 9 (now yes: 11.A(2)).

### June 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $60,174,309,829 to $79,798,091,767 (+33%).
- Employees performing advisory functions went from 1299 to 1359.
- Changed its office addresses in Bethesda, MD.
- Changed its office addresses in Burr Ridge, IL.
- Added an office in Baton Rouge, LA.
- Added an office in Boston, MA.
- Added an office in New York, NY.
- Added an office in Wayne, PA.
- No longer lists an office in Austin, TX.
- No longer lists an office in Newbury Park, CA.
- No longer lists an office in Phoenix, AZ.
- No longer lists an office in Timonium, MD.
- Updated its list of owners and control persons (Schedule A).

### November 2025
- Added an office in Tempe, AZ.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Kestra Advisory Services, LLC (CRD 283330): Form ADV filing data as of October 2026.