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 "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
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