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.
The Reddit trading community's formal comment letter against the proposal is drawing widespread attention across finance and tech circles.
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As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
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