Bluespring Wealth Partners has announced the strategic combination of two partner firms to create a Florida hub with advisors managing more than $1.4 billion in client assets.
Retirement Wealth Specialists and Security Financial Management are uniting under the latter firm’s brand with five locations across the state. The firms have been independently affiliated with Bluespring for several years, but the combination will provide greater scale and resources for both firms’ clients and teams.
“The philosophy of SFM aligns perfectly with RWS, and all parties involved are thrilled to announce this partnership through the continued relationship-building process mobilized by Bluespring,” said Keith Moore, chief operations officer and partner at SFM. “We’re looking forward to learning from one another as we continue to build a firm that our teams are proud to be a part of.”
Bluespring recently acquired a $500M family-run firm in Virginia, and last year the RIA consolidator, a wholly owned subsidiary of Kestra Holdings Inc., saw the departure of its president and strategic advisor David Canter, former leader of RIA custody at Fidelity Investments. He joined CAIS as a strategic advisor last month.
“We’re excited about the merger of RWS into SFM, which will strengthen the capabilities of SFM while securing the legacy of RWS,” said Bluespring chairman Stuart Silverman. “Bluespring is all about helping firms realize their potential and helping them to create enduring value. Two of our partners merging to become a leading wealth management firm in the Southeast is a testament to the high level of quality and like-mindedness we’ve built in the Bluespring community, further echoing the advantage of integration into the BWP ecosystem.”
A sort-of double-deal marks Allworth's 42nd acquisition since 2018 as Apella makes its first move in Iowa.
Kestra president John Amore expects to "win our fair share" of Commonwealth advisors, and "particularly those that don't want to be part of a 30,000 advisor firm,” amid their looming sale to LPL Financial.
Advisors can set their practice apart and win more business with a powerful graphic describing their unique business and value proposition.
The fintech pioneer's latest venture, launched with Scott Hanson, Ric Edelman, and other industry luminaries, looks to succeed where he sees AI notetakers failing.
The wirehouse alum is stepping into a newly created role that "combines planning philosophy, tech-enabled advice and human advice."
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.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
