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.”
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