Bluespring Wealth Partners has added another high-performing firm as an affiliate, bringing almost $500 million in AUM to the wealth firm’s growing network.
Shelton Financial Group has specialized in creating multi-generational legacy plans and assisting clients with spending and giving planning. The firm has also transitioned its investment business to Kestra Financial’s platform. Bluespring is a subsidiary of Kestra Holdings.
Shelton was founded 25 years ago in Fort Wayne, Indiana, by Jeff Shelton.
“For us, joining Bluespring and partnering with Kestra Financial felt like a smart way to plan for a transition to our next generation of leaders while ensuring our culture and values remain intact,” said Shelton. “We look forward to continuing our growth as part of the Bluespring network.”
Shelton is supported by financial professionals Nathan Shelton and Matt Fry, CFP, who focus respectively on providing faith-based investments, financial planning solutions, and robust financial planning for working-class families.
For Bluespring, which acquired a $750 million AUM firm in Arizona in May and created a $1.4 billion hub in Florida through the merger of two partner firms in March, has been attracting interest due to its entrepreneurial model.
“We’re pleased to have Shelton join our network of high-performing firms,” said Bluespring’s chairman Stuart Silverman. “Supporting teams as they transition into new phases of their business is an important part of our mission, and we look forward to helping the team at Shelton build for its next generation.”
Stephen Langlois, president of Kestra Financial, added his praise for the Shelton team.
“We’re excited that a firm like Shelton has chosen to leverage the capabilities of our Kestra Financial ecosystem to help them plan for the future of their firm, joining our wealth management platform while also gaining the guidance and expertise of our colleagues at Bluespring, he said.
Why “one big pool of money” needs predictability—and a plan.
Advisor recruiting climbed to its strongest pace in nearly two years, while CEO Richard Steinmeier said the firm has "cleared the decks" for bigger institutional deals.
The combinations involving Red Oak and AdvisorRankings illustrate how AI is reshaping both wealth firm operations and wealthtech platforms' business models.
New 5-in-1 onboarding tool aims to cut subscription paperwork as advisor demand for private markets accelerates
Connecting unique offerings with a specific client niche is a sure path to advisor satisfaction and success – but it all has to start with an intentional strategy.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
