Guides › Financial Advisor Fees
Updated September 19, 2026. Quick answer: Kestra (Kestra Private Wealth Services / Kestra Advisory Services) is a registered investment adviser. Per its own current fee brochure, a $500,000 account would run up to $12,500 a year (the published maximum, which the firm says is negotiable) under its published fee schedule; the minimum to open an account is $5,000 to $50,000 for Fund Strategist Portfolio (FSP) Program, depending on strategy. Is it a fiduciary? Yes, as a registered investment adviser, on the advisory services this page covers.
Kestra (Kestra Private Wealth Services / Kestra Advisory Services) at a glance
| Fact | What Kestra (Kestra Private Wealth Services / Kestra Advisory Services)’s own pages say |
|---|---|
| Legal entity | Kestra Advisory Services, LLC (“Kestra AS”) |
| Registration | Kestra Advisory Services, LLC (“Kestra AS”) and Kestra Private Wealth Services, LLC (“Kestra PWS”) are investment advisers registered with the Securities and Exchange Commission (SEC) and provide investment advisory services. Kestra Investment Services, LLC (“Kestra IS”) is a broker-dealer registered with the SEC, is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC) and provides securities brokerage services. |
| Fee on a $500,000 account | Up to $12,500 a year (the published maximum, which the firm says is negotiable), per its own current brochure |
| Minimum to open an account | $5,000 to $50,000 for Fund Strategist Portfolio (FSP) Program, depending on strategy |
| Cost to leave (exit fee) | No how-to-leave page published for this firm yet |
What Kestra (Kestra Private Wealth Services / Kestra Advisory Services)’s own fee schedule charges
“All fees are negotiable, subject to the maximum amount set forth below. FSP Fee Schedule Fee Type Assets Minimum Maximum Manager Fee $5,000+ 0.02% 0.45% Advisor Fee $5,000+ 0.00% 2.48% Client Fee $5,000+ 0.02% 2.50% … Client Fee is the sum of the Advisor Fee plus the Manager Fee. In instances where the maximum Advisor Fee plus the Manager Fee would exceed 2.5 percent, the Advisor fee is reduced so the Client Fee does not exceed 2.5 percent.”
Kestra’s advisory fee is entirely advisor-negotiated within a published floor/ceiling band; across its AdvisorEnterprise programs (FSP, SMA, UMA, APM-Wrap, etc.) the Client Fee ranges from about 0.02% up to a firm-wide Maximum Client Fee of 2.5% (one narrower passive-model program caps at 1.5%). No fixed dollar-bracket schedule is disclosed – the rate a given client pays is set individually by their Advisor within that band. dollar_at values apply the 2.5% ceiling uniformly as the worst-case maximum (250,000 x 0.025 = $6,250; 500,000 x 0.025 = $12,500; 1,000,000 x 0.025 = $25,000; 2,000,000 x 0.025 = $50,000). Kestra Private Wealth Services, LLC (CRD 155193, SEC file 801-71936), the second Kestra RIA entity, publishes an identical negotiable/2.5%-ceiling structure in its own Form ADV Part 2A/Appendix 1 brochures (also downloaded to sources/kestra/), so the two entities are not in conflict; Kestra Advisory Services was used as the primary citation as the larger/parent RIA (formerly NFP Advisor Services).
| Account balance | Annual fee |
|---|---|
| $250,000 | $6,250 |
| $500,000 | $12,500 |
| $1,000,000 | $25,000 |
| $2,000,000 | $50,000 |
See the full breakdown, including how the figure is calculated, on Kestra (Kestra Private Wealth Services / Kestra Advisory Services)’s own fee page.
Is Kestra (Kestra Private Wealth Services / Kestra Advisory Services) a fiduciary?
Kestra Advisory Services, LLC (“Kestra AS”) and Kestra Private Wealth Services, LLC (“Kestra PWS”) are investment advisers registered with the Securities and Exchange Commission (SEC) and provide investment advisory services. Kestra Investment Services, LLC (“Kestra IS”) is a broker-dealer registered with the SEC, is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC) and provides securities brokerage services.
“When Kestra AS and Kestra PWS act as your investment adviser, they are a fiduciary. When Kestra IS acts as your broker-dealer, it is required to act in your best interest and not put its interests ahead of yours.”
For brokerage services, Kestra IS financial professionals earn commissions from the sale of securities. The more a financial professional sells, the more Kestra IS pays as a percentage of those sales.
Full detail, including the exact registration type and source: Kestra (Kestra Private Wealth Services / Kestra Advisory Services)’s fiduciary status, explained.
The minimum to open an account
“Accounts invested in the FSP Program generally require a minimum investment between $5,000 and $50,000.”
$5,000 to $50,000 for Fund Strategist Portfolio (FSP) Program, depending on strategy. See the full minimum-investment breakdown, including what that minimum would cost per year, on Kestra (Kestra Private Wealth Services / Kestra Advisory Services)’s minimum investment page.
What it costs to leave
Kestra (Kestra Private Wealth Services / Kestra Advisory Services) does not yet have a dedicated exit-fee page on this site. The general mechanics of switching financial advisors and a dated termination letter apply regardless of firm.
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- Kestra Advisory Services, LLC Wrap Fee Program Brochure (Form ADV Part 2A, Appendix 1) (August 20, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1055475
- Form CRS (Client Relationship Summary) (As of December 15, 2022): https://files.brokercheck.finra.org/crs_283330.pdf
- SEC Investment Adviser Public Disclosure, Kestra Advisory Services, LLC (“Kestra AS”) (CRD #283330): https://adviserinfo.sec.gov/firm/summary/283330
- Kestra Advisory Services, LLC (“Kestra AS”), SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/283330/PDF/283330.pdf
Methodology. This page was built September 19, 2026, drawing directly on Kestra (Kestra Private Wealth Services / Kestra Advisory Services)’s own current fee brochure and Form CRS, both linked above, plus this site’s own already-published fiduciary, minimum-investment, and (where one exists) how-to-leave pages for the same firm, each independently sourced when it was built. Any distinction we could not independently confirm this session is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading Kestra (Kestra Private Wealth Services / Kestra Advisory Services)’s own Form ADV Part 2A and Form CRS. We have not used Kestra (Kestra Private Wealth Services / Kestra Advisory Services) as a client. Kestra (Kestra Private Wealth Services / Kestra Advisory Services) did not pay for, review, or influence this content. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
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