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.
MyVest and Vestmark have also unveiled strategic partnerships aimed at helping advisors and RIAs bring personalization to more clients.
Wealth management unit sees inflows of $23 billion.
Deal will give US investment bank a foothold in lucrative European market.
New report examines the impact that the initiative has had on philanthropy.
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Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
