Woodbury Nabs Practices from Kestra and NEXT
Woodbury Financial Services has brought on two Colorado-based financial advice firms previously affiliated with Kestra and NEXT Financial Group, according to a press release from Woodbury.
Life Wealth Principles, based in Golden, provides wealth management services with a focus on tax, retirement income and family wealth planning, according to Woodbury.
Life Wealth Principles, which was previously affiliated with Kestra, manages more than $312 million and chose Woodbury in part due to the personalized service it can receive from locally-based Nathan Anderson, regional vice president at Woodbury, according to the press release.
"As we identified potential partners, it became evident that Woodbury positions advisors like us to prioritize clients’ best interests,” Mitch Moore, president of Life Wealth Principles, says in the press release. “It was also refreshing to see their keen desire to work for us — not the other way around.”
Denver-based National Financial Advisors oversees $66 million, offering benefits planning for executives, portfolio management and business succession planning, Woodbury says.
The firm, which was previously affiliated with NEXT, also chose Woodbury in part for the benefit of having a regional support network, as well as for its resources in succession planning, according to the press release.
Woodbury, which is supported by the Advisor Group, now oversees $39 billion — a large part of which came from its recent acquisitions. Last month, Woodbury completed the acquisition of the in-branch investment advice and brokerage businesses of Capital One Investing, which oversees $10 billion.