On November 14, 2019, Bluespring Wealth Partners announced an agreement to acquire Vector Wealth Management.
Under the terms of the agreement, Bluespring Wealth Partners (“Bluespring”) will acquire Vector Wealth Management (“Vector”). Further terms of the transaction were not disclosed.
Bluespring, based in Texas, is a wholly owned subsidiary of Kestra Financial that acquires registered investment advisors and wealth management firms. Kestra Financial is a financial services platform that processes investment transactions and provides investment advisory services. As of November 2019, Kestra Financial has approximately $24.5 billion in assets under management.
Vector, based in Minnesota, is a management firm offering a wide variety of financial, tax, planning, investment, and risk management guidance. As of August 2019, Vector had approximately $1.1 billion in assets under management.
To read the news article: please click here.