Bluespring Boosts Growth with $400M Charter Capital Management Buy
Bluespring Wealth Partners, a prominent acquirer of independent registered investment advisors (RIAs) and hybrid wealth management firms, has acquired Charter Capital Management (CCM), an advisory firm managing $400 million in assets, located in Brookfield, WI.
The CCM team, consisting of four advisors and co-led by principals Joel Hassler and Dan Glaser, offers a comprehensive and holistic suite of financial planning services including wealth management, investment management, retirement planning, tax planning and preparation, estate planning and debt management.
“It’s our passion to support the entrepreneurial spirit of high-performing firms, especially those with significant multigenerational talent, and we see those things in CCM,” said Pradeep Jayaraman, president of Bluespring Wealth Partners. “Their high standard of excellence, client commitment, and succession-forward approach are well-aligned with Bluespring’s core values.”
CCM intends to leverage Bluespring’s succession planning services to support its current investment advisor representatives and designated successors, Alexandra Cali and Samuel Verhulst.
This move reflects the ongoing consolidation trend in the wealth management industry, where larger firms like Bluespring acquire established practices to achieve greater scale, operational efficiency, and enhanced service offerings.
Bluespring, the Texas-based subsidiary of Kestra Holdings, recently combined two of its partner firms, Retirement Wealth Specialists and Security Financial Management, to create an RIA with $1.4 billion in assets and five locations across Florida. In February, the firm announced the acquisition of $560 million Louisville, KY-based Reliant Wealth Planning.
Last August, it announced the acquisition of Rodgers & Associates Wealth Advisers, a Lancaster, PA-based wealth management firm with more than $1.35 billion in assets. Prior to that, the firm bought Shelton Financial Group, a Fort Wayne, IN-based firm with $500 million in assets.
In May of 2024, the firm acquired KDI Wealth Management, a Scottsdale, AZ-based husband-and-wife-team overseeing more than $750 million in client assets. In March, it announced it was combining two of its partner firms, Retirement Wealth Specialists (RWS) and Security Financial Management (SFM), to create a hub in Florida managing approximately $1.4 billion in assets.