Brett T. Siegfried, CLU®, AIF®
St. Louis, MO – Krilogy®, an independent wealth management firm headquartered in St. Louis, is pleased to announce the return of Brett Siegfried after five-years with a large national investment bank. Siegfried represents part of a larger nationwide trend of wealth advisors departing large wirehouses for registered investment advisory (RIA) firms and independent broker-dealers.
“Krilogy is my home,” said Siegfried. “During my five years away, I gained access to various tools and strategies to serve my high-net-worth clients’ sophisticated needs. Also, during that time, Krilogy was building and expanding the firm’s investment platform, bringing crucial services such as tax and legal in-house1, and furthering advisors’ ability to perform as fiduciaries at all times. Krilogy advisors are armed with all the tools we need to wrap our arms around a client’s entire balance sheet. It was the right time for me to return.”
According to data reported in InvestmentNews Magazine, the top four wirehouses saw 612 advisors depart while RIAs gained 856 in the first nine months of 2023. As advisors make the switch – both from large wirehouses and smaller RIA firms with limited resources – many have been attracted to Krilogy’s unique mix of culture, collaboration, deep bench of expertise, and best-in-class investment platform. In the last year alone, 11 advisors and their teams have joined Krilogy, bringing the firm’s head count to 82 employees including wealth advisors, retirement plan specialists, tax and legal professionals, and wealth services team members. The firm currently manages $3.2 billion2 in assets.
“At Krilogy, we cultivate an environment for highly accomplished, growth-oriented professionals. Brett exemplifies this mindset—he left to expand his horizons, achieved remarkable success, and has now returned to further nurture that ethos,” said Kent Skornia, Krilogy® President and CEO. “Our firm isn’t suited for those seeking a small, one- or two- person lifestyle practice. We attract wealth advisors with a passion for growth, mirroring the ambition of our clients who built their wealth through similar drive. I’m thrilled to welcome Brett back to the Krilogy team.”
Industry analysts at Cerulli Associates reported primary drivers for advisors departing wirehouses and joining RIA firms include elimination of sales quotas, and reduced exposure to proprietary products, better work/life balance and a more team oriented culture,.
“The level of expertise we bring is the cornerstone of Krilogy’s distinctive approach to wealth management,” said Skornia. “By bridging the gap between experts and the families we serve, we provide access to top-tier specialists across critical areas such as investment strategies, trading strategies, tax planning, estate planning, risk management, and lifestyle management. This access allows our clients receive state-of-the-art industry insights and tailored, personalized advice, resulting in superior outcomes. Access to Experts Drives Superior Outcomes.”
About Krilogy:
Krilogy® is an independent wealth management firm known for its relentless effort to develop strategies and manage clients’ wealth, fostering a sense of confidence and readiness for the future. Founded in 2009, the firm provides its advisors the ability to utilize an institutional-style approach, that incorporates a disciplined, dynamic rebalancing process with the goal of smoothing volatility in returns. Krilogy has three offices in the St. Louis region and formed Krilogy Texas in 2023 with an office in Dallas.
From 2014-2018 and in 2021-2022, Krilogy® was named to the St. Louis Business Journal’s list of the Fastest Growing Companies in the region, as well as the INC 5000 list of the country’s fastest growing companies from 2014-2022. The firm was named among St. Louis’ “Best Places to Work” in 2021 by the St. Louis Business Journal for the sixth time.
Krilogy® has also been honored by the St. Louis Business Journal with the publication’s “Best Places to Work for Young Professionals” in 2018, and the “Advancement of Women” award in 2020. The firm was recognized by the Women’s Foundation of Greater St. Louis in 2020, 2022 and 2023 for demonstrating excellence in workplace gender equity. In 2021 and 2023, the firm earned a spot among InvestmentNews’ annual list of the Best Places to Work for Financial Advisors. Inc. Magazine named Krilogy® among the nation’s Best Workplaces and the St. Louis Post-Dispatch recognized the firm among region’s Top Workplaces from 2021-2023.
Krilogy Financial, LLC (Krilogy) is a Securities and Exchange Commission (“SEC”) Registered Investment Advisor. Krilogy Texas is a brand name operating under Krilogy and its registration. Krilogy Financial, LLC (Krilogy) is a Securities and Exchange Commission (“SEC”) Registered Investment Advisor. Krilogy Texas is a brand name operating under Krilogy and its registration. Clients of Krilogy Texas will be serviced through Krilogy. For additional information and disclosures about awards and honors received by Krilogy® and its advisors, please click here or call 314.884.2800.
1) KEP Law, LLC d/b/a Krilogy® Law is an independent law firm affiliated with Krilogy® through common ownership. Legal services are provided under separate engagement through KEP Law, LLC d/b/a Krilogy Law, an independently owned law firm affiliated by common ownership, servicing both Krilogy and non-Krilogy clients. The choice of a lawyer is an important decision and should not be solely based upon advertisement.
Tax services are provided under separate engagement with Krilogy Tax Services, LLC, a separate but affiliated entity to Krilogy.
2) As of end of July 2024
