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Dec 04, 2017

Kestra Financial Closes Acquisition of H. Beck, Inc.

Management team actively searching for H. Beck’s new president

AUSTIN, Texas–(BUSINESS WIRE)–Industry-leading independent advisor platform, Kestra Financial, Inc. (Kestra Financial), today announced that it has closed its acquisition of H. Beck, Inc. (HBI) from Securian Financial Group, Inc. The change of ownership was effective as of December 1, 2017.

HBI will retain its own operational autonomy and branding as a top broker-dealer and RIA.

“The HBI acquisition represents an outstanding opportunity to partner with a firm whose advisor-first mentality, commitment to culture and strong values are squarely in line with our own,” said James Poer, CEO of Kestra Financial. “This acquisition is reflective of our mission to grow the firm and embodies our desire to provide additive benefits for the collective businesses of Kestra Financial and, most importantly, the advisors and clients we serve. Each acquisition has improved the scale of our organization and empowered us to further enhance our value proposition and competitive stance.”

As part of its first order of business, Kestra Financial plans to expand and optimize HBI’s technology and operational solutions.

“Kestra Financial’s investment in next-generation technology, combined with our newfound knowledge-sharing capabilities and enhanced business consulting offerings will create the optimal environment for advisors to grow and flourish in their practices,” said Scott Thorson, interim President and Chief Operating Officer of HBI. “The benefits of our partnership with Kestra Financial truly underscore our collective mission to empower advisor success.”

As part of the transaction, Securian Financial made a minority investment in Kestra Financial.

More information regarding the acquisition can be found here.

About Kestra Financial

Kestra Financial, Inc. (Kestra Financial) 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, Kestra Financial has developed integrated business management technology that, combined with its 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 also of Kestra Advisory Services, LLC; Kestra Private Wealth Services, LLC; and Kestra Institutional Services, LLC, all federally registered investment advisors. For more information about Kestra Financial, please visit

Securities offered through Kestra Investment Services, LLC, member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC.

About H. Beck, Inc.

H. Beck, Inc. was incorporated in 1984 and operates out of its headquarters in Maryland. The firm provides broker-dealer and RIA services to more than 600 financial advisors in 540 offices across the U.S. H. Beck is guided by a mission of delivering service excellence in a culture based on relationships, where advisors, clients, and home office associates thrive.

About Securian Financial Group

Since 1880, Securian Financial Group and its affiliates have provided financial security for individuals and businesses in the form of insurance, investments and retirement plans. Now one of the nation’s largest financial services providers, Securian is the holding company parent of a group of companies that offer a broad range of financial services.

Gregory FCA for Kestra Financial and H. Beck
Joseph Anthony
Securian Financial Group
Jeff Bakken, Media Relations