Kestra Financial has recently bolstered its advisory team in the New York area with the addition of Borger Financial Services, a distinguished group with assets totaling $600 million. Led by principal Debra Clark, the five-person team specializes in providing comprehensive financial planning services tailored to affluent clientele.
Clark emphasizes that partnering with Kestra Financial will enable Borger Financial Services to not only broaden its client base but also uphold its commitment to delivering holistic financial solutions. This encompasses expert guidance on various aspects including investments, tax strategies, retirement planning, and estate planning.
In expressing enthusiasm for the new partnership, Kestra Financial President Stephen Langlois underscores the team’s alignment with Kestra’s values of independence and excellence. He highlights their shared dedication to providing top-tier service, particularly in the realm of family-office client management.
While Clark, co-principal Elie Borger, and the Borger team officially joined Kestra Financial last year, the announcement of this strategic alliance was made public only recently. The decision to team up with Kestra comes after careful consideration, reflecting Borger Financial Services’ desire for a partner that can support their sophisticated client base while preserving their autonomy.
This recruitment initiative is part of Kestra’s broader strategy, which saw the firm attract 110 advisors and $9.5 billion in client assets in 2023 alone. Notably, Clark and Borger previously operated under Hornor, Townsend & Kent before transitioning to Kestra. The team, which includes Certified Financial Planner Michael Cooper and two support staff members, maintains offices in New York City, Wilton, Connecticut, and Teaneck, New Jersey.
Elie Borger emphasizes that their decision to join forces with Kestra Financial reflects a meticulously considered process spanning several years. He cites Kestra’s comprehensive suite of alternative investment products as a key factor in their decision-making process, citing the expanded access it provides to offerings such as private credit and private equity. This strategic partnership marks an important milestone in Borger Financial Services’ journey, positioning them to better serve their clients’ evolving financial needs while capitalizing on new growth opportunities.