On July 18, 2024, Bluespring Wealth Partners announced that it acquired Shelton Financial Group.
Bluespring Wealth Partners (“Bluespring”) announced on July 18, 2024, that it acquired Shelton Financial Group (“Shelton”). Further terms of the transaction were not disclosed.
Bluespring, based in Austin, Texas, is a subsidiary of Kestra Financial, that 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. As of March 2024, Kestra Financial had $108 billion in assets under advisement.
Shelton, based in Fort Wayne, Indiana, is a wealth management firm providing financial planning services, including legacy and retirement planning. Shelton has approximately $500 million in client assets.
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