Bluespring Wealth Partners, a subsidiary of Kestra Holdings, has acquired WealthPartners, a hybrid firm overseeing $500 million in assets in Ridgeland, Mississippi.
Terms of the acquisition were not disclosed.
WealthPartners, which has been on the Kestra platform since 2010, is led by John Hill, founder, chief executive officer and adviser, and adviser Jeff Turnipseed, who is the firm’s president.
With a primary focus on high-net-worth individuals and families, WealthPartners specializes in providing comprehensive wealth management and retirement planning services, Bluespring said in a press release Tuesday.
Quarterly analysis of retirement accounts highlights positive behavior.
Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
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