$500 Million Shelton Financial Group, Inc. Acquired by Bluespring Wealth Partners, LLC
18 Julio 2024 - 8:00AM
Business Wire
Indiana-based firm joins Bluespring, embracing
entrepreneurship with an eye toward future growth
Bluespring Wealth Partners (Bluespring), an industry-leading
acquirer and partner of best-in-class wealth management firms,
today announced the acquisition of Shelton Financial Group
(Shelton), a wealth management business based in Fort Wayne,
Indiana, 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.
Shelton, whose personnel oversee nearly $500 million in client
assets, chose to affiliate with Bluespring to take advantage of its
deep bench of back-office resources and to join a strong community
of highly collaborative partner firms. Shelton’s stand-out team
fully embraces Bluespring’s entrepreneurial model and is excited to
join forces with a partner who can provide them with additional
tools and resources in their next chapter of growth.
“We’re pleased to have Shelton join our network of
high-performing firms,” said Bluespring’s Chairman Stuart
Silverman. “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 President and Founder Jeff Shelton. For 25
years, the Shelton team has specialized in creating
multi-generational 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 advisors,” 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.”
About Bluespring Wealth Partners, LLC
Through a highly customized and people-centric approach,
Bluespring Wealth Partners is dedicated to the acquisition and
support of the industry’s premier wealth management firms. In
partnering with best-in-class wealth advisors and their teams,
Bluespring Wealth Partners looks to perpetuate and enhance the
value that they bring their clients, providing continuity and new
opportunities in the process. Bluespring Wealth Partners was
established with the express purpose of helping entrepreneurs take
their business to the next level of growth through successor
training and incentivization, industry-leading consulting and
operational resources, flexible ownership arrangements, and
institutional capital support. By focusing on partnership as the
driver of success, Bluespring Wealth Partners empowers wealth
management firm owners to elevate their business without
sacrificing their entrepreneurial spirit, founding principles, and
long-term vision.
Bluespring Wealth Partners is a subsidiary of Kestra
Holdings.
Securities offered through Kestra Investment Services, LLC
member FINRA/SIPC, and investment advisory services offered through
Kestra Advisory Services, LLC, both of which are affiliated with
Bluespring Wealth Partners, LLC, Kestra Financial, Inc., Kestra
Holdings and Shelton Financial Group, LLC.
For more information about Bluespring Wealth Partners, please
visit www.bluespringwealth.com.
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