Bluespring Wealth Partners LLC, an affiliate of Kestra Financial that focuses on the acquisition of registered investment advisor and wealth management firms, has purchased Vector Wealth Management, a $1.1 billion registered investment advisor based in Minneapolis, MN.
Founded in 1993, Vector Wealth Management offers comprehensive financial planning and investment management for a wide range of clients, including individuals, families, business owners, and corporate executives.
“With nearly three decades of serving clients, the team at Vector Wealth Management is high-quality in every way,” said Stuart Silverman, president of Bluespring Wealth Partners. “The firm skillfully integrates life planning into its approach and provides optimal, ongoing client support. Together, we look forward to preserving Vector Wealth Management’s legacy as an industry-leading RIA.”
Vector Wealth Management is led by managing partner Thomas G. Fee; senior wealth advisor Sharon L. Calhoun; director of portfolio management Jason D. Ranallo; senior wealth advisor Tyler J. Schelhaas; portfolio manager Daniel J. Powers; and senior wealth advisor Todd C. Stueve.
“Three central questions drove our search for the right partner,” said Fee. “First, does this partnership serve our clients well? Second, will this benefit the next generation of leadership? Third, does this decision help ensure Vector Wealth Management will continue serving our clients for decades to come? After a long and rigorous process, Bluespring emerged as the best partner for us.”
According to the firm, Bluespring Wealth Partners is dedicated to the acquisition and servicing of wealth management firms that seek continuity for clients and the business they have built. The firm specializes in successor identification and training, flexible ownership arrangements, and institutional-level capital support.