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.
- 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 Acquires Synthesis Wealth Planning
May 20, 2026
Wealth Management
Bluespring Wealth announced it has acquired Kestra Financial-affiliated Synthesis Wealth Planning, a planning-led wealth management firm headquartered in Morristown, New Jersey. The combined practice brings Bluespring’s community to roughly $1.1 billion in overseen assets and expands its footprint with offices across New Jersey and Jupiter, Florida.
-
Bluespring Wealth Partners Platform Firm Security Financial Management to Merge in Pittman Financial Group
March 11, 2026
Financial Services
Bluespring Wealth Partners announced that Pittman Financial Group and its team, led by founder Page Pittman, will merge into Security Financial Management (SFM), an existing Bluespring partner firm. The move expands SFM’s advisor base and grows total assets managed by SFM advisors to approximately $1.3B, while supporting advisor succession planning and continuity for Pittman’s clients.
-
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 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 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 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.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.