Bluespring Wealth Acquires KDI Wealth Management


June 5, 2024

On May 16, 2024, Bluespring Wealth Partners announced that it had acquired KDI Wealth Management.

Bluespring Wealth Partners (“Bluespring”) announced on May 16, 2024, that it had acquired KDI Wealth Management (“KDI”). KDI, which was previously affiliated with Commonwealth Financial Holdings, will join the Kestra Financial wealth management platform. Further terms of the deal were not disclosed.

Bluespring, based in Austin, Texas, is a subsidiary of Kestra Financial, a division of Kestra Holdings. Bluespring specializes in the acquisition and support of wealth management firms. Kestra Financial also based in Austin, Texas, is an independent broker dealer that provides a financial services platform and investment advisory services. Kestra Financial has $108 billion in assets under advisement.

KDI, based in Scottsdale, Arizona, is a leading wealth management firm providing a range of services, including wealth and retirement planning, estate planning, cash flow management, and tax planning. KDI has $750 million in client assets.

To read the press release: please click here.

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