Kestra Affiliate Coastline Wealth Secures $100M in Financing

Kestra Affiliate Coastline Wealth Secures $100M in Financing The New York advisory firm secured financing from Brightwood Capital Advisors while completing a dozen acquisitions to fuel its expansion strategy. Coastline Wealth Management, a New York-based advisory practice affiliated with Kestra Financial, has closed on a senior secured credit facility with Brightwood Capital Advisors, a private credit firm focused on middle-market companies, raising $100 million in financing. Simultaneously, Coastline announced it completed 12 acquisitions, bringing its total assets under management and administration to more than $6 billion. The financing will go toward Coastline’s continued growth and acquisition strategy. “Surpassing $6 billion in assets is an exciting milestone and, more importantly, a reflection of the quality of the advisors and teams who continue to choose to build their future with us,” said Garrett Taylor, CEO of Coastline Wealth Management. “Their investment gives us the financial depth to execute our growth plan, expand our platform through strategic acquisitions, and continue building the resources our advisors need to best serve their clients.” Coastline was founded in 2012 by Garrett and Cindy Taylor, with about $20 million in assets. Since then, the firm has completed more than 30 acquisitions and now serves more than 10,000 clients across $6 billion in assets. “We are excited to partner with Coastline at such an important point in the company’s growth and at a time where so many financial advisors are looking for exactly the type of solutions Coastline provides,” said Chris Warren, managing director and co-head of Capital Markets at Brightwood Capital, in a statement. “Their team has built a strong platform, a respected brand and an approach designed to meet the needs of wealth professionals at a range of pivotal points in their respective careers.”