Bluespring Wealth Partners, the RIA buyout arm of Kestra Holdings, has combined two of its partner firms, Retirement Wealth Specialists and Security Financial Management, to create a registered investment advisor with $1.4 billion in assets and five locations throughout Florida.
RIA will operate under the name Security Financial Management.
“Two of our partners coming together to become a leading wealth management firm in the Southeast is a testament to the high level of quality and like-mindedness we have built in the Bluespring community, further echoing the advantage of integration in the BWP ecosystem. Bluespring Chairman Stuart Silverman said in a statement.
Bluespring won RWS in early 2020. The firm was established in 1998 by founders Mitchell B. Walk and Bruce S. Udell. From its offices in Longwood and Sarasota, Fla., it provides investment and tax strategies and estate planning services to retail and institutional clients.
Security Financial Management has been sold to Bluespring in early 2022. With offices in Orlando, Melbourne and Lake Nona, Fla., it was founded over 30 years ago by Dave Allen and Frank Lovaglio and provides comprehensive wealth management to high net worth individuals and families.