Bluespring Wealth Partners Acquires Security Financial Management
February 2, 2022
Bluespring Wealth Partners, a subsidiary of Kestra Holdings, has acquired Security Financial Management, a 30+-year wealth management firm with more than $950 million in assets under management and offices in Florida and Minnesota. The deal brings Security Financial Management's team and advisory capacity onto Bluespring's platform to accelerate growth through mergers, talent recruitment and expanded client services, while enabling the founders to focus on client-facing activities.
- Buyers
- Bluespring Wealth Partners, LLC
- Targets
- Security Financial Management, Inc.
- Sellers
- Dave Allen and Frank Lovaglio (co-founders / owners of Security Financial Management)
- Platforms
- Bluespring Wealth Partners, LLC
- Industry
- Wealth Management
- Location
- Florida, United States
- Transaction Type
- Addon
Explore More
Related Acquisitions
-
Bluespring Wealth Partners Acquires Shelton Financial Group
July 18, 2024
Wealth Management
Bluespring Wealth Partners, an acquirer and partner of wealth management firms, has acquired Fort Wayne-based Shelton Financial Group and transitioned Shelton's investment business onto the Kestra Financial platform. Shelton's team — which oversees nearly $500 million in client assets — joined Bluespring to gain back-office resources, succession support and access to the Kestra ecosystem.
-
Bluespring Wealth Partners Acquires SilverStar Wealth Management and Merges It into LifeBridge Financial Group
June 10, 2025
Financial Services
Bluespring Wealth Partners acquired Kestra-affiliated SilverStar Wealth Management and merged the firm into its existing Bluespring partner, LifeBridge Financial Group. The combined teams will oversee $1.4 billion in AUM and aim to strengthen their Texas presence and client service capabilities with support from Kestra Financial.
-
Bluespring Wealth Partners Acquires SHP Financial
February 10, 2026
Wealth Management
Bluespring Wealth Partners has acquired Plymouth, Massachusetts-based financial planning firm SHP Financial, which oversees approximately $2.3 billion in assets. The deal brings SHP's ~50-person team and three Massachusetts offices into Bluespring's advisor platform, expanding the buyer's presence in New England.
-
Bluespring Wealth Partners Acquires CD Wealth Management
March 1, 2022
Financial Services
Bluespring Wealth Partners has acquired Dallas-based CD Wealth Management, whose advisors collectively manage over $850 million in client assets. The deal establishes a North Texas wealth-management hub to support expansion across Texas and the Southwest; CD Wealth will continue operating under its name and its founder and partners retain significant equity.
-
Bluespring Wealth Partners Acquires Joule Financial
April 26, 2022
Financial Services
Bluespring Wealth Partners, a Kestra Holdings subsidiary, has acquired Joule Financial, an independent registered investment adviser based in Lexington, Kentucky. The deal brings Joule's $280 million in AUM and its team into Bluespring's platform to scale operations, enhance client service, and accelerate growth.
-
Bluespring Wealth Partners Acquires Capital Planning Advisors
December 9, 2021
Wealth Management
Bluespring Wealth Partners, a subsidiary of Kestra Holdings, has acquired Capital Planning Advisors, a Roseville and Walnut Creek, California-based wealth management firm overseeing over $1.1 billion in client assets. The deal expands Bluespring's West Coast presence while keeping the Capital Planning Advisors leadership and advisor team in place to support continued client service and growth.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.