Kestra Holdings subsidiary Bluespring Wealth Partners said Tuesday it acquired Reliant Wealth Planning, a wealth management and financial advisory firm based in Louisville, Kentucky, that oversees more than $560 million in assets under management (AUM).
Austin, Texas-based Bluespring is a frequent acquirer of independent RIAs and hybrid wealth management firms.
Reliant management wanted to partner with Bluespring to “enhance capabilities and expand [its] reach,” Bluespring said in a news release.
Launched in 2017, Reliant’s 13-member team is led by Founding Partners Shaun Chelf and Laura Clark, Bluespring noted. Its services includes wealth management, retirement planning and cash flow strategies, investment management, estate planning, charitable strategies and risk management.
“With Bluespring’s robust offerings and resources, Reliant aims to build on its core principles of providing fiduciary services with a client-first mindset through expertise, trust and relationships,” according to Bluespring.
“When searching for a partner, Bluespring truly stood out above everyone else Laura and I spoke to,” said Chelf. “They alone wanted us to keep doing the exact things in advanced planning and investing that made us very successful and unique. Their offer to come alongside to enhance, but not change, our DNA made them not just the obvious choice, but the only choice.”
“Reliant has built a strong reputation for high-touch client services, technical expertise in financial planning and portfolio management, and exceptional due diligence,” according to Bluespring. “Their focus on client-centric strategies has helped Reliant earn the trust of clients across and beyond the Louisville area.”
“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. “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.”
Bluespring said in July it acquired Rodgers & Associates Wealth Advisers, a Lancaster, Pennsylvania-based wealth management firm specializing in retirement planning that oversees more than $1.35 billion in client assets. The addition of increased the number of Bluespring partner firms to 27.
Jeff Berman, Contributing Editor and Reporter at Wealth Solutions Report, can be reached at jeff.berman@wealthsolutionsreport.com.
