Bluespring Wealth operates as Kestra Financial’s RIA aggregator and wealth management firm-acquisition business. Credit: Constantin Wenning on Unsplash.

Kestra Financial-backed Bluespring Wealth Partners has acquired Chicago-based Hedeker Wealth, which manages over $350m in assets.

Financial terms of the deal were not shared.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Founded in 2002, Hedeker Wealth specialises in wealth planning and investment management as well as tax and estate planning.

Hedeker Wealth founder and principal Dean Hedeker said: “Having diligently served clients for more than 30 years, it was very important to find the right fit as I explored potential partners in the industry.”

“With Bluespring Wealth, our client agreements, investment management, and financial planning approaches remain unchanged, ensuring a seamless transition for clients,” he added.

As part of the deal, Bluespring Wealth will offer personalised support to Hedeker as the firm looks to identify and onboard advisor talent to enhance client experience.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Bluespring Wealth president Stuart Silverman said: “Hedeker Wealth has a long history of strong client relationships, exceptional client service, and an outstanding team.

“Dean is also a great cultural fit who proved quickly that he would be an excellent partner, helping to drive growth well beyond his current footprint especially as we work to integrate another advisor into the firm.”

Bluespring Wealth operates as Kestra Financial’s RIA aggregator and wealth management firm-acquisition business.

The company focuses on the acquisition and servicing of wealth management firms looking for continuity for clients and the business through succession strategies.

In January last year, it acquired Florida-based Retirement Wealth Specialists, following a series of consolidation activities.

These include the takeover of Hickory Asset Management, Believeland, and Vector Wealth Management.