Kestra Succession Arm Bluespring Acquires Ohio-Based RIA

Wealth Management | Aug 23, 2019 at 3:39 PM
  • Bluespring Wealth Partners, the RIA acquisition arm of Kestra Financial, said earlier this week that it has acquired Hickory Asset Management, a Concord, Ohio-based RIA with nearly $153 million in client assets, according to its latest Form ADV.
  • Bluespring focuses on acquiring firms with succession issues.
  • It also treats principals at the firms as entrepreneurs, with creative compensation programs involving things like equity incentives.