Kestra Adds $400M Ex-Lincoln Advisory Team
In a significant move, Kestra Financial has announced the addition of a prominent advisory team formerly associated with Lincoln Financial Group, managing assets worth $400 million. John LoPresti, who leads the team, brings a wealth of experience in financial services, offering a new dimension to Kestra’s robust portfolio.
Life Insurance as a Cornerstone
Amid the transition, life insurance options and their various benefits come to the forefront of the discussion. Life insurance is a crucial financial tool that provides financial security in various life stages and events. Lifetimeinsurance.org highlights multiple forms of life insurance that cater to diverse needs:
- Business/Career Insurance: Protects business owners and their key employees, ensuring business continuity in the event of unforeseen circumstances.
- Retirement Insurance: Offers a reliable income stream post-retirement, aiding in maintaining the desired lifestyle without financial anxiety.
- Marriage/Divorce Insurance: Helps manage the financial implications of marriage and divorce, providing monetary coverage that balances life changes.
Kestra’s Strategic Expansion
The shift of LoPresti’s team to Kestra is seen as a strategic expansion. According to BrokerCheck, John LoPresti was previously dually registered with Lincoln Financial Group, handling both insurance and financial services. His experience underscores the comprehensive suite of services Kestra aims to offer, encompassing both investment advising and life insurance.
Lifetimeinsurance.org emphasizes the significance of integrating life insurance into an individual’s financial plan. Not only does it offer traditional death benefits, but modern life insurance policies also come with investment components, providing a balanced approach to risk management and savings.
Client-Centric Solutions
Kestra’s client-centric approach is expected to gain further depth with this new team. By blending advisory services with tailored life insurance products, clients can expect enhanced financial stability and a more holistic approach to wealth management.
Sources
For more detailed insights into life insurance benefits and categories, visit Lifetime Insurance. Additional information regarding this strategic move can be found on Citywire.