Bluespring Wealth Partners acquires over $950 million from Security Financial Management | Business

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AUSTIN, Texas–(BUSINESS WIRE)–February 2, 2022–

Bluespring Wealth Partners, LLCa leading acquirer and partner of top wealth management firms, today announced the acquisition of financial security management.

Established over 30 years ago, Security Financial Management has one office in Minnesota and three offices in Florida, with more than 15 finance professionals. The company is led by a seasoned and dynamic management team, which includes co-founders Dave Allen and Frank Lovaglio. Using a hands-on, relationship-focused approach, the Security Financial Management team offers a comprehensive suite of wealth management services for high net worth individuals and families.

“We are incredibly proud of our team and the organization we have built over the past 30 years,” Lovaglio said. “We are partnering with Bluespring Wealth Partners because we are ready for an exciting new chapter, which will allow Dave and I to focus on the things we love most: working with clients and growing the business.”

With over $950 million in assets under management and a consistent track record of exceptional organic growth, the finance professionals at Security Financial Management have built a robust platform. The company’s staff spans generations, enabling them to work with a wide range of customers to meet their needs today and for decades to come. Through the application of advisory resources and extensive back-office support, Bluespring Wealth Partners will help elevate the firm’s existing strengths and expand its reach. The new partnership will focus on growth through mergers, talent recruitment and expanded customer service offerings.

“Bluespring Wealth Partners’ focus on the culture and value of delivering on promises was key in our decision to align with them,” Allen said. “When we learned about their unique partnership model, which empowers companies like ours to be the best possible version of ourselves, it was clear this was the right step for our organization.”

“Dave, Frank, Mike and Keith are a powerful management team that has incredible relationships and engagement with their clients,” said Stuart Silverman, president of Bluespring Wealth Partners. “They have assembled an exceptional team of advisors, who we are delighted to work with and continue to invest heavily in.”

Security Financial Management is Bluespring Wealth Partners’ third acquisition in 2022, contributing to a strong start to the year. Bluespring Wealth Partners successfully completed five acquisitions in 2021.

About Bluespring Wealth Partners, LLC

With a highly personalized and people-centric approach, Bluespring Wealth Partners is dedicated to acquiring and supporting the industry’s leading wealth management firms. By partnering with top wealth advisors and their teams, Bluespring Wealth Partners seeks to perpetuate and enhance the value they bring to their clients, providing continuity and new opportunities in the process. Bluespring Wealth Partners was created with the express purpose of helping entrepreneurs take their business to the next level of growth through the identification and training of successors, cutting-edge advisory and operational resources, flexible ownership and institutional capital support. By focusing on partnership as the engine of success, Bluespring Wealth Partners enables owners of wealth management firms to elevate their business without sacrificing their entrepreneurial spirit, founding principles and long-term vision.

Bluespring Wealth Partners is a subsidiary of Kestra Holdings.

Securities offered by Kestra Investment Services, LLC and investment advisory services offered by Kestra Advisory Services, LLC.

For more information about Bluespring Wealth Partners, please visit www.bluespringwealth.com.

Show source version on businesswire.com:https://www.businesswire.com/news/home/20220202005199/en/

CONTACT: Media:

Grégory FCA for Bluespring Wealth Partners

Chandler Kuck, 239-302-7464

[email protected]

KEYWORD: TEXAS UNITED STATES NORTH AMERICA

KEYWORD INDUSTRY: FUNDING OF PROFESSIONAL SERVICES

SOURCE: Bluespring Wealth Partners, LLC

Copyright BusinessWire 2022.

PUBLISHED: 02/02/2022 09:00/DISC: 02/02/2022 09:02

http://www.businesswire.com/news/home/20220202005199/en

Copyright BusinessWire 2022.

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