Kestra Financial Appoints New President of H. Beck, Inc.

Michelle Barry will begin role as H. Beck’s new President in January

AUSTIN, Texas–(BUSINESS WIRE)–Industry-leading independent advisor platform Kestra
Financial, Inc.
(Kestra Financial) has appointed Michelle Barry as
the new President of H.
Beck, Inc.

Kestra Financial closed
its acquisition
of national independent financial advisor platform
H. Beck in December 2017.

Barry brings more than 20 years of leadership experience in the
financial services industry, most recently as the President and CEO of
Hornor, Townsend & Kent (HTK), a full-service broker-dealer and
subsidiary of The Penn Mutual Life Insurance Company. During her tenure
at HTK, Barry was responsible for doubling the firm’s revenue, vastly
improving advisor retention and overhauling the company’s back-office
technology.

“Michelle’s executive experience in the broker-dealer/RIA industry,
paired with her expertise in advisor technology and practice management,
allows her to hit the ground running and to enhance H. Beck’s value
proposition,” said James Poer, CEO of Kestra Financial. “She will serve
as an invaluable leader as we work to expand and optimize H. Beck’s
technology and operational solutions to empower advisor success.”

As part of the transaction, H. Beck retained its own operational
autonomy and branding as a leading broker-dealer and RIA. Scott Thorson,
who has been with H. Beck since 2013 and has 30 years of experience in
the financial services industry, will continue his role as the Chief
Operating Officer.

“With the backing of an industry leader in advisor technology and
practice management solutions like Kestra Financial, H. Beck is
well-positioned to create an optimal environment for advisors to grow
and flourish in their practices,” said Barry. “I look forward to
utilizing my background and experience to empower H. Beck advisors
across the country and allow them to deliver top-notch client service
and advice.”

Before HTK, Barry held a variety of positions across the broker-dealer
and RIA landscape, including roles at Ameritas Life, The Advisor Group,
and Salomon Smith Barney.

About Kestra Financial

Kestra Financial, Inc. (Kestra Financial) provides a leading independent
advisor platform that empowers sophisticated independent financial
professionals, including traditional and hybrid RIAs, to prosper, grow,
and provide superior client service. With a culture rich in reinvention
and advisor advocacy, Kestra Financial has developed integrated business
management technology that, combined with its personalized consulting
services, offers exceptional scale and efficiency.

Headquartered in the “Silicon Hills” of Austin, Texas, Kestra Financial
offers an experience as unique as the city in which it operates. The
firm supports more than 1,700 independent financial advisors in
delivering comprehensive securities and investment advisory services to
their clients. Kestra Financial is the parent company of Kestra
Investment Services, LLC, member FINRA/SIPC, and also of Kestra Advisory
Services, LLC; Kestra Private Wealth Services, LLC; and Kestra
Institutional Services, LLC, all federally registered investment
advisors. For more information about Kestra Financial, please visit www.kestrafinancial.com.

Kestra Financial and its subsidiaries are not affiliated with any other
firms listed in this communication.

About H. Beck, Inc.

H. Beck, Inc., member FINRA/SIPC was incorporated in 1984 and operates
out of its headquarters in Maryland. The firm provides broker-dealer and
RIA services to more than 600 financial advisors in 540 offices across
the U.S. H. Beck is guided by a mission of delivering service excellence
in a culture based on relationships, where advisors, clients, and home
office associates thrive.

Contacts

Gregory FCA for Kestra Financial and H. Beck
Joseph Anthony,
484-431-4115
kestra@gregoryfca.com