Bluespring Wealth Partners has bolstered its network yet again, this time with a deal for a powerhouse retirement planning team managing more than a billion dollars for clients in Pennsylvania.
On Wednesday, the prominent acquirer of independent and hybrid wealth firms unveiled a deal for Rodgers & Associates Wealth Advisers, a Lancaster, Pennsylvania-based firm managing over $1.35 billion in client assets.
Coinciding closely with Bluespring’s recent fifth anniversary, the acquisition marks Bluespring’s 27th partner firm, aligning with their strategy of expanding their community of independent RIAs and hybrid wealth management firms.
Founded over 25 years ago by Rick and Jessica Rodgers, Rodgers & Associates specializes in retirement planning. The firm employs 25 financial professionals and serves nearly one thousand household clients.
Among the firm’s key members are Sandra Skrodinsky, president and chief compliance officer; Susan Connors, director of operations; Patrick Carney, manager of adviser services; and Clint Krushinsky, business development specialist.
"From the beginning, we were drawn to Bluespring’s emphasis on growth at scale while staying true to the core of our business," Rick Rodgers, founder of Rodgers & Associates, said in a statement Wednesday.
With BlueSpring’s extensive marketing, back-office resources, and educational tools on succession planning, Rick Rodgers says his firm plans to ramp up its organic growth while maintaining its commitment to “excellent service and high-quality experiences for our clients.”
Stuart Silverman, chairman of Bluespring, said his firm was “thrilled to welcome Rodgers & Associates” to their community.
"Rodgers & Associates is a fantastic example of a firm dedicated to excellence in client services and promoting financial independence,” Silverman said. “We are excited to accompany Rick, Jessy, their team, and their clients on this next chapter of growth and success.”
Bluespring’s deal in Pennsylvania closely follows another transaction earlier this month, which saw the Texas-based subsidiary of Kestra Holdings forge ties with a $500 million firm in Indiana. Before that in May, it snapped up Arizona-based KDI Wealth Management, which at the time oversaw more than $750 million in client assets.
Plus, a $400 million Commonwealth team departs to launch an independent family-run RIA in the East Bay area.
The collaboration will focus initially on strategies within collective investment trusts in DC plans, with plans to expand to other retirement-focused private investment solutions.
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