Kestra Financial Acquires H. Beck

January 29, 2018

On December 4, 2017, Kestra Financial, Inc. announced the closing of its acquisition of H. Beck, Inc. from Securian Financial Group, Inc.

H. Beck, Inc. (“HBI”) will remain autonomous and will not be absorbed into Kestra Financial, Inc. (“Kestra Financial”). HBI will be managed by its own dedicated executive team with its home office and advisor services divisions intact. The transaction was announced in August 2017.

Kestra Financial is an Austin-based independent advisor platform providing securities and investment advisory services to their clients.

HBI is a Maryland-based firm providing broker-dealer and RIA services across the U.S.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions