Bluespring Acquires $560 Million AUM, Louisville-Based Wealth Management Firm

Bluespring Wealth Partners, a subsidiary of Kestra Holdings and an acquirer of both independent registered investment advisers and hybrid wealth management firms, announced its acquisition of Reliant Wealth Planning – a wealth management and financial advisory firm based in Louisville, Ky.

Reliant personnel oversee more than $560 million in assets under management, led by founding partners Shaun Chelf and Laura Clark. Founded in 2017, the firm consists of 13 team members who hold respected designations from across financial planning fields.

According to Reliant, it offers a comprehensive suite of services, including 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 said it aims to grow its fiduciary services with a client-first mindset.

“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.”

According to Reliant, it has built a strong reputation for high-touch client services, technical expertise in financial planning and portfolio management, and exceptional due diligence. 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 Wealth Partners. “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 named Jayaraman as its new president in fall 2024 when assumed leadership for all functions at Bluespring, including strategy and execution for the growing wealth management company. Last summer, it acquired a $1.35 billion Pennsylvania firm, as well as Shelton Financial Group, based in Indiana and overseeing nearly $500 million in client assets.

Click here to visit AltsWire directory page.