Kestra Holdings, an industry-leading wealth management platform provider, has hired highly accomplished executive Kara Murphy to lead new division, Kestra Investment Management.
As Chief Investment Officer, Murphy will provide investment expertise and oversee the customized portfolio management consulting services offered to all Kestra Holdings companies, including Kestra Financial, Grove Point Financial, Bluespring Wealth Partners, and Arden Trust Company.
Murphy is charged with building a team of dedicated investment specialists who will provide hands-on support to the financial professionals associated with companies in the Kestra Holdings ecosystem. She and her team will provide support on asset allocation, portfolio construction, and market trends in addition to providing a broad range of investment solutions.
“Hiring someone with Kara’s investment acumen, experience, and skill set for this pivotal new role creates tremendous value for our platform and financial professionals,” said James Poer, CEO of Kestra Holdings. “In leading Kestra Investment Management, Kara will ensure we continue to strengthen our wealth management tools and resources for independent financial professionals, enabling them to better serve their clients’ wealth management needs.”
Murphy’s extensive background includes more than 20 years in the investment industry. She most recently served as Chief Investment Officer and Managing Director at Goldman Sachs Personal Financial Management. Previously, Murphy was Chief Investment Officer at AIG Funds, overseeing asset growth by over 100% during her tenure, making the firm one of the fastest-growing asset managers in the industry.
“I was attracted to Kestra Holdings’ commitment to partnering with independent financial professionals who are entrepreneurs and leaders in their field,” said Murphy. “We will build on the firm’s already extensive array of services and strong growth, supported by an incredibly talented management team. As such, the firm is uniquely positioned to provide outstanding investment expertise, enabling financial professionals to grow their practices and better serve their clients.”
Murphy holds the prestigious Chartered Financial Analyst (CFA®) designation, in addition to a bachelor’s degree from Georgetown University and master’s degree from the University of Chicago.
About Kestra Holdings
Kestra Holdings offers industry-leading wealth management platforms for independent wealth management professionals nationwide. With an innovative culture that celebrates independence, the company seeks to redefine the future of the advisory industry through superior service, cutting-edge technology, and preeminent resources that every financial professional needs to succeed in the market now and in the years to come.
Kestra Holdings companies collectively oversee $122 billion in assets under administration (AUA) and support more than 2,400 independent financial professionals across the country in delivering comprehensive securities, trust, and investment advisory services to their clients.
Kestra Holdings is the direct or indirect parent company of Arden Trust Company, Bluespring Wealth Partners, LLC (including its investment adviser and wealth management firm subsidiaries), Kestra Investment Services, LLC, member FINRA/SIPC, Grove Point Investments, LLC, member FINRA/SIPC, as well as Kestra Advisory Services, LLC, Kestra Private Wealth Services, LLC, Grove Point Advisors, LLC, and Kestra Institutional Services, LLC, all federally registered investment advisers.