Wealth Enhancement and Bluespring Wealth Partners have unveiled their latest independent RIA partnerships, expanding their national footprints through acquisitions in the South and Midwest.
Wealth Enhancement has acquired XO Wealth Management, a Dallas-based RIA overseeing more than $516 million in client assets. The six-person team, including three advisors, will continue operating under the names XO Team and Skyline Team within Wealth Enhancement.
Founded by Managing Director Matthew Fuller and co-led by Managing Director Stephen Valelly and First Vice President Carl Carlos, the firm provides financial planning, wealth preservation and risk management services, with a focus on high-net-worth and ultra-high-net-worth clients. According to the firm, its advisors bring more than one hundred years of combined experience to the table.
The deal, announced on Friday, marks Wealth Enhancement’s eleventh office in Texas and brings the firm’s total assets to more than $107.5 billion.
It's also the RIA giant's second deal announcement this week, following its acquisition of $4.3 billion Marcum Wealth in Cleveland.
Bluespring Wealth Partners, meanwhile, announced its acquisition of Charter Capital Management, an RIA based in Brookfield, Wisconsin. The four-advisor CCM team manages more than $400 million and is led by principals Joel Hassler and Dan Glaser.
Founded more than forty-five years ago, Charter Capital Management offers investment management, tax and financial planning, estate planning, retirement planning and debt management services.
According to the statement unveiling the deal, CCM intends to leverage Bluespring’s platform to expand its capabilities and support long-term succession planning for designated successors Alexandra Cali and Samuel Verhulst.
Bluespring, a subsidiary of Kestra Holdings, has been a failrly active player in the RIA acquisition space, targeting firms with both fee-based and hybrid models. Last month, it welcomed Kentucky-based Reliant Wealth Planning, which reportedly oversees more than $560 million in AUM.
The alternatives giant's new unit, led by a 17-year veteran, will tap into four areas worth an estimated $60 trillion.
The latest annual survey from EBRI and Greenwald Research sheds light on anxieties around living costs, volatility, and the future of federal income support in retirement.
It's a showdown for the ages as wealth managers assess its impact on client portfolios.
The Merrill Lynch defectors expand RBC's reach in Texas while LPL bolsters its New York presence.
Separately, Cleveland Fed President Beth Hammack said the central bank could make a move by June if data show a clear economic trajectory.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
