AUSTIN, Texas--(BUSINESS WIRE)--Bluespring Wealth Partners, LLC, an industry-leading acquirer and partner of best-in-class wealth management firms, today announced the acquisition of WealthPartners located in Ridgeland, Mississippi.
WealthPartners was founded in 2005 by CEO and Wealth Advisor John Hill and currently serves approximately 450 clients. With a primary focus on high-net-worth individuals and families, the firm specializes in providing comprehensive wealth management and retirement planning services. Hill serves as the CEO, along with President and Wealth Advisor Jeff Turnipseed, Director of Retirement Plan Services Steve Massey, and Director of Planning and Investments John Beers. A high-growth organization, the firm’s financial professionals collectively oversee approximately $500 million in assets as a result of the depth of its network and relationships throughout the Southeast.
WealthPartners has a longstanding relationship with Bluespring Wealth Partners’ leadership and has been on the Kestra Financial platform since 2010. Partnering with Bluespring Wealth Partners will bolster the firm's existing operations and provide added infrastructure as they continue to scale. Additionally, the partnership deepens the investment in the future of WealthPartners’ leadership development while supporting recruitment and training of new talent to serve clients and aid growth.
“Our firm has reached an inflection point in growth, and a relationship with Bluespring Wealth Partners was the logical next step to continue our upward trajectory, serve our clients and secure our legacy,” said Hill. “We’re confident this partnership will provide the necessary tools and insight to amplify our capabilities, ensuring clients and employees continue to receive the high-quality support they’re accustomed to, and taking our business to new heights.”
WealthPartners prides itself on its premier service and ability to make professional and personal relationships with clients, leading to both a strong retention rate of 98% and impressive organic growth.
“It’s rare to find a firm like WealthPartners, which has a combined 98 years of industry experience across its principals paired with a highly personalized approach to financial planning,” said Stuart Silverman, Chairman of Bluespring Wealth Partners. “WealthPartners’ high-touch client service and strong growth track prove their cultural alignment with Bluespring Wealth Partners’ values. We’re excited to get in on the ground floor of their long-term succession plan and help them develop their next generation professionals for years to come.”
About Bluespring Wealth Partners, LLC
Through a highly customized and people-centric approach, Bluespring Wealth Partners is dedicated to the acquisition and support of the industry’s premier wealth management firms. In partnering with best-in-class wealth advisors and their teams, Bluespring Wealth Partners looks to perpetuate and enhance the value that they bring their clients, providing continuity and new opportunities in the process. Bluespring Wealth Partners was established with the express purpose of helping entrepreneurs take their business to the next level of growth through successor identification and training, industry-leading consulting and operational resources, flexible ownership arrangements, and institutional capital support. By focusing on partnership as the driver of success, Bluespring Wealth Partners empowers wealth management firm owners 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 through Kestra Investment Services, LLC member FINRA/SIPC, and investment advisory services offered through Kestra Advisory Services, LLC.
For more information about Bluespring Wealth Partners, please visit www.bluespringwealth.com.
