Bluespring Wealth Partners Establishes $1.4B+ Hub in Florida
Retirement Wealth Specialists and Security Financial Management combine resources to better serve clients and team
AUSTIN, Texas, March 07, 2024--(BUSINESS WIRE)--Bluespring Wealth Partners, LLC ("Bluespring"), a leading acquirer of high-quality wealth management firms, today announced a strategic combination between two of their partner firms, Retirement Wealth Specialists, LLC ("RWS") and Security Financial Management, LLC ("SFM") to create a Floridian hub whose advisors oversee approximately $1.4 Billion in assets. The combined firm will retain the Security Financial Management brand and maintain 5 locations across the state.
The existing synergies and close proximity made this merger a natural fit for the two well-established wealth management firms. Clients and colleagues remain the top priority; they will now have access to greater scale and resources, while retaining the ability to operate in the spirit that made each business so successful in their communities and across the country. RWS and SFM have been independently affiliated with Bluespring for several years.
"We’re excited about the merger of RWS into SFM, which will strengthen the capabilities of SFM while securing the legacy of RWS," said Bluespring Chairman Stuart Silverman. "Bluespring is all about helping firms realize their potential and helping them to create enduring value. Two of our Partners merging to become a leading wealth management firm in the southeast is a testament to the high level of quality and like-mindedness we’ve built in the Bluespring community, further echoing the advantage of integration into the BWP ecosystem."
"Bluespring has been instrumental in our ongoing growth and expansion over the last several years," said RWS President and Senior Advisor Mitch Walk. "And we’re grateful for the firm’s continued support as we start this new chapter as part of the SFM family."
"The philosophy of SFM aligns perfectly with RWS, and all parties involved are thrilled to announce this partnership through the continued relationship-building process mobilized by Bluespring," said SFM Chief Operations Officer and Partner Keith Moore. "We’re looking forward to learning from one another as we continue to build a firm that our teams are proud to be a part of."
About Bluespring Wealth Partners, LLC
Through a highly customized and people-centric approach, Bluespring is dedicated to the acquisition and support of quality wealth management firms. In partnering with experienced wealth advisors and their teams, Bluespring looks to perpetuate and enhance the value that they bring their clients, providing continuity and new opportunities in the process. Bluespring was established with the express purpose of helping entrepreneurs take their business to the next level of growth through successor training and incentivization, consulting and operational resources, flexible ownership arrangements, and institutional capital support. By focusing on partnership as the driver of success, Bluespring empowers wealth management firm owners to elevate their business without sacrificing their entrepreneurial spirit, founding principles, and long-term vision.
Bluespring is a subsidiary of Kestra Financial, Inc. Securities offered through registered representatives of Kestra Investment Services, LLC, member FINRA and SIPC. Investment advisory services offered through appropriately licensed representatives of Kestra Advisory Services, LLC.
For more information about Bluespring, please visit www.bluespringwealth.com.
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Contacts
Vested Communications for Bluespring Wealth Partners, LLC
kestra@fullyvested.com
