Bluespring Acquires $ 1.1 Billion AUM Capital Planning

Bluespring Wealth Partners LLC, an Austin, Texas-based subsidiary of Kestra Holdings, has acquired Capital Planning Advisors, the companies recently announced in a press release.

Founded in 1983 by Michael Miller as Capital Planning Corporation, Capital Planning is based in Roseville and Walnut Creek, Calif., And manages over $ 1.1 billion in assets.

“Our holistic, relationship-centric approach to reconciling our clients’ financial and private lives is at the fore of our business model,” said Jim Wilson, partner at Capital Planning, in the press release. “We saw similar values ​​at Bluespring Wealth Partners and were drawn to their close network of like-minded companies.”

Under the terms of the transaction, Capital Planning’s leadership and advisory team will remain in place. Financial details were not disclosed.

The partnership expands Bluespring’s regional presence in California as a second M&A deal in the region.

“We have built a solid reputation in Northern California,” Wilson said in the press release. “Working with Bluespring Wealth Partners will give us the resources to carry on our legacy and deepen the service we offer our customers.

Capital Planning’s customer relationships and business model also complemented his company’s goals, Bluespring President Stuart Silverman said in published comments.

“We look forward to working with you and continuing to support your personalized holistic financial planning offerings and goals for organic and inorganic growth,” he said.

In an email to Financial Advisor, Silverman also discussed his company’s growth plans and why his latest acquisition was key to achieving those goals in 2022.

When asked why California was so strategically important to the size of his company, Silverman said it was an important hub for business leaders and high net worth individuals.

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