Bluespring Acquires $560M Louisville Advisory Shop
Bluespring Wealth Partners has acquired $560 million Louisville, KY-based Reliant Wealth Planning, bringing the acquirer of independent RIAs and hybrid wealth managers to 28 partner firms.
Founded in 2017, Reliant is led by founding partners Shaun Chelf and Laura Clark and consists of 13 members. The firm offers wealth management, retirement planning and cash flow strategies, investment management, estate planning, charitable strategies, and risk management.
“We are excited to welcome Reliant to the Bluespring family and broader Kestra ecosystem of financial professionals and firms,” said Pradeep Jayaraman, President of Bluespring Wealth Partners. “Their expertise, dedication to excellence, and commitment to clients align perfectly with the profile of success-driven and entrepreneurial-focused financial professionals we seek to work with at Bluespring.”
In August of 2024, Bluespring, the Texas-based subsidiary of Kestra Holdings, 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.
Pictured: Laura Clark
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