Bluespring Wealth Partners has added ClariVise Private Wealth to its network of affiliated firms, as the platform-backed team of advisors formally transitions from the oXYGen Financial brand to launch an independent identity.
The new RIA, headquartered in Alpharetta, Georgia, will maintain its existing operational structure, continuing to operate under the Kestra Financial platform with no changes to broker-dealer, custodian or client fees.
ClariVise comprises 18 team members, led by Brandon Hayes, Eric Pucciarelli and Cristina Briboneria, all of whom were previously affiliated with Bluespring through oXYGen.
The firm’s new name and brand are intended to reflect a sharpened commitment to client service and a forward-looking approach to advice. According to a statement, ClariVise will maintain continuity in its client relationships and support tools, while emphasizing adaptability and process enhancements.
“Our mission is to help wealth management firms and professionals realize their full potential,” Pradeep Jayaraman, president of Bluespring Wealth Partners, said Tuesday.
He emphasized Bluespring's support for the team's "entrepreneurial spirit" in creating a new brand while maintaining continuity for their clients.
“We chose a name that reflects our dedication to bringing clarity to complex financial challenges,” Hayes, co-founder of ClariVise, said while stressing the opportunity to "continue growing our relationships while evolving how we serve clients.”
The launch follows a series of leadership and acquisition developments at Bluespring, which is based in Austin, Texas, and focuses on acquiring RIAs and hybrid wealth management businesses.
In April, the firm named Graeme Lee as head of strategic growth, a new role created to oversee organic growth initiatives and advisor experience. Lee joined from LPL Financial, where he helped lead the Strategic Wealth platform, and had previously led business consulting at Kestra Financial.
The firm also appointed Jeremy Ransom and Jon Bartholomew as strategic relationship directors. Josh Bartholomew, a long-standing team member, was promoted to head of business development, where he will work closely with Jayaraman to advance Bluespring’s acquisition strategy.
The previous month, Bluespring added Brookfield, Wisconsin-based Charter Capital Management, a four-advisor RIA team managing more than $400 million in assets. Founded more than forty-five years ago, the firm offers services across investment management, financial and tax planning, and retirement solutions.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
