Recent KBK News
For Immediate Release
KBK Wealth Management Recognized As One Of Commonwealth Financial Network®'s Five Largest Practices For 2012
New York, New York, September 17th, 2013—Manhattan-based financial planning firm KBK Wealth Management,was recently recognized as one of the five largest branch offices of Commonwealth Financial Network®, based on production. As the largest privately held Registered Investment Adviser–broker/dealer in the nation, Commonwealth oversees over 1,400 producing advisors with an average AUM per advisor of $54.6 million.
In order to meet the growing demand for personalized service, KBK Wealth Management has begun an aggressive campaign to attract and hire successful financial advisors.
“We are very proud to be recognized as one the largest firms under Commonwealth Financial Network®. Through our affiliation with Commonwealth, we are able to offer advisors the highest average payout in the industry*, as well as the marketing, technology, and practice management support they need to grow their business,” stated Michael Kessler, partner of KBK Wealth Management.
Twenty five years ago, the partners at KBK Wealth left the wire-house world and set out to offer an unbiased approach to financial planning. “The industry has been changing for a number of years now. Many advisors started transitioning to the independent model to be able to provide their clients with a holistic approach to financial planning,” stated Kessler.
In 2006, the firm joined Commonwealth and has since seen consistent yearly growth, even during the down markets.
“KBK’s strong growth underscores our shared dedication to putting our clients first,” said Joni Youngwirth, managing partner, practice management, at Commonwealth. “Its entire team has embraced a client-forward™ philosophy and we’re excited to see KBK continue to thrive.”
About KBK Wealth Management
Headquartered in New York City, KBK Wealth Management has been providing clients with an independent and unbiased approach to financial planning for over 25 years. The financial advisors at KBK Wealth Management have a profound understanding of their clients' core values, risk tolerance, and life objectives. They take great pride in their highly personalized service.
The management team at KBK Wealth is comprised of seasoned experts, each of whom has earned advanced professional and industry accreditation that include the CFP® certification as well as AIF® and CPA designations. Securities and advisory services offered through Commonwealth Financial Network®, member FINRA/SIPC, a Registered Investment Adviser.
About Commonwealth Financial Network
Founded in 1979, Commonwealth Financial Network®, member FINRA/SIPC, is the nation’s largest privately held Registered Investment Adviser–broker/dealer, with headquarters in Waltham, Massachusetts, and San Diego, California. J.D. Power and Associates ranks Commonwealth “Highest in Independent Advisor Satisfaction Among Financial Investment Firms, Three Times in a Row.” The firm supports more than 1,450 independent advisors nationwide in serving their clients as Registered Representatives, Investment Adviser Representatives, and registered investment advisers, as well as through hybrid service models. For more information, please visit http://www.commonwealth.com.
*Average annual gross production per advisors among independent broker/dealers, as reported by Investment Advisor, June 2013
For more information about KBK Wealth Management’s expansion, please contact:
Marketing Manager, KBK Wealth Management
28 West 44th Street, Suite 1200
New York, New York 10036