Bluespring Acquires $500 Million Indiana-Based Shelton Financial Group
Bluespring Wealth Partners announced the acquisition of wealth management business Shelton Financial Group, and the completed transition of the company’s investment business to Bluespring’s affiliated wealth management platform – Kestra Financial. The transition to Kestra Financial will allow Shelton to leverage all the tools offered within the Kestra ecosystem.
Bluespring is a subsidiary of Kestra Holdings and an acquirer of both independent registered investment advisers and hybrid wealth management firms.
Fort Wayne, Ind.-based Shelton, whose personnel oversee nearly $500 million in client assets, chose to affiliate with Bluespring to take advantage of its resources and community of highly collaborative partner firms. Shelton’s team fully embraces Bluespring’s entrepreneurial model and is excited to join forces with a partner who can provide them with additional tools in their next chapter of growth.
“We’re pleased to have Shelton join our network of high-performing firms,” said Stuart Silverman, Bluespring’s chairman. “Supporting teams as they transition into new phases of their business is an important part of our mission, and we look forward to helping the team at Shelton build for its next generation.”
Shelton is led by Jeff Shelton, president and founder. For 25 years, the Shelton team has specialized in creating multigenerational legacy plans for clients who recognize their stewardship responsibilities and assisting other retirees with their spending and giving planning. Shelton is supported by financial professionals Nathan Shelton and Matt Fry, CFP, who focus respectively on providing faith-based investments, financial planning solutions, and robust financial planning for working-class families.
“For us, joining Bluespring and partnering with Kestra Financial felt like a smart way to plan for a transition to our next generation of leaders while ensuring our culture and values remain intact,” said Jeff Shelton. “We look forward to continuing our growth as part of the Bluespring network.”
“Welcoming Shelton to Kestra Financial will strengthen our community of like-minded advisers,” added Stephen Langlois, president of Kestra Financial. “We’re excited that a firm like Shelton has chosen to leverage the capabilities of our Kestra Financial ecosystem to help them plan for the future of their firm, joining our wealth management platform while also gaining the guidance and expertise of our colleagues at Bluespring.”
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