A US independent financial advisor firm has added an Austin, Texas business to its network.

Kestra Financial, a US independent financial advisor platform, has added Watermark Wealth Strategies to its network, bringing $700 million of client assets in the process. 

The Scottsdale, Ariz., firm focuses on addressing the needs of pre-retirees and retirees, according to a statement yesterday. 

Watermark was founded by Principals Carmen Cercone and Kyle Richardson; along with co-founders Thomas Lundgaard, Tyler Brilinski, and James Bruce in 2009. The firm’s 10 advisors collectively manage $700 million in assets and provide a diverse suite of services, including retirement planning, estate planning, investment management, insurance strategies and tax planning.

Headquartered in Austin, Texas, Kestra Financial supports more than 1,700 independent financial advisors.