Bluespring Wealth Acquires CD Wealth

INVESTMENT MANAGEMENT DEALS BLOG

March 28, 2022

On March 1, 2022, Bluespring Wealth Partners, LLC announced its acquisition of CD Wealth Management, LLC.

Under the terms of the transaction, Bluespring Wealth Partners, LLC (“Bluespring Wealth”) acquired CD Wealth Management, LLC (“CD Wealth”). CD Wealth will continue doing business under its own name, and its founder and partners will maintain significant equity interest. Further terms of the deal were not disclosed.

Bluespring Wealth, based in Austin, Texas, is a subsidiary of Kestra Holdings and specializes in helping entrepreneurs grow their business through successor identification and training, institutional-level capital support, and flexible ownership arrangements.

CD Wealth, based in Dallas, Texas, is a wealth management firm offering personalized financial planning and wealth management for families, corporate executives, closely held businesses, and not-for-profit institutions. CD Wealth manages approximately $850 million in assets.

To read the press release: please click here.