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Financial Advisory  + RIAs & Financial Advisors  + Wealth Management  | 
Kestra-backed Bluespring Wealth Partners Nabs $700M RIA Goldstein Advisors

Kestra-backed Bluespring Wealth Partners Nabs $700M RIA Goldstein Advisors

Bluespring Wealth Partners, the registered investment advisor (RIA) acquisition arm of wealth management firm Kestra Holdings, has acquired Goldstein Advisors – an RIA that manages approximately $700 million in assets.

Bluespring did not disclose the financial terms of the deal.

Middleton, Wisconsin–based Goldstein Advisors, led by principals Jon Goldstein and Andy Peters, offers investment, tax and financial planning advice.

David Canter, president of Bluespring Wealth Partners, says his firm was attracted to Goldstein Advisors because of its growth trajectory and its financial planning expertise. “They’re a young firm in terms of the ages of the [team members] and they are excited to keep growing the business,” he says. “So, they fit nicely in our culture and community.”

Canter joined Bluespring earlier this year from Fidelity Investments where he served as head of the RIA custody business.

Launched as a Kestra subsidiary in 2019, Austin, TX-based Bluespring acquires financial advisors’ books of business with the aim of succession planning.

The Goldstein acquisition marks the ninth one for Bluespring this year, with some of the larger acquisitions including an RIA firm managing $850 million in assets in Texas as well as a practice with offices in Minnesota and Florida managing $950 million.

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Bluespring Wealth PartnersGoldstein Advisors

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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