Bluespring Wealth Partners, the RIA rollup subsidiary of Kestra Holdings, has acquired Dallas-based CD Wealth Management, a hybrid that manages $850 million in assets.
CD Wealth Management, which was founded in 2014, will continue doing business under its name, and its founder and partners will maintain a significant equity interest.
Founder Scott Cohen said the firm’s arrangement with Bluespring will give it the scale to continue to deliver superior wealth management advice.
The deal for CD Wealth is Bluespring's fourth acquisition so far this year; in 2021, it made five acquisitions.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
New Treasury and IRS proposals would let employers add tax-free payroll contributions to the retirement accounts as advisors weigh the fit for client families.
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
