Bluespring Acquires SilverStar, Executes LifeBridge Merger to Create $1.4B AUM Firm
Bluespring Wealth Partners – a subsidiary of Kestra Holdings and an acquirer of both independent registered investment advisers and hybrid wealth management firms – announced the acquisition of existing Kestra Financial firm SilverStar Wealth Management along with its subsequent merger into existing Bluespring firm: LifeBridge Financial Group. As combined teams, investment adviser professionals with SilverStar and LifeBridge will now oversee $1.4 billion in assets under management.
- Based in Cypress, Texas, and led by president and lead principal Tim Hudson, SilverStar is a wealth management firm tailored to business owners, professionals, and those dedicated to achieving financial success.
- LifeBridge is a Houston-based wealth management firm with managing director Michael Rudelson and lead financial advisers Selena Krampota and Grayson Palmer at the helm. The team offers client-centric services to individuals and institutions.
The two teams stated that they share aligned values and a commitment to providing tailored wealth management solutions for their clients. Each firm will continue managing their respective teams and look forward to working together to strengthen their collective operations.
According to Bluespring, SilverStar and LifeBridge will benefit from added depth and resources, including expanded wealth management capabilities, greater service accessibility, and enhanced continuity of care, which are supported by the strength and scale of Bluespring and Kestra.
“We are excited about our future with LifeBridge and the expanded opportunities it will open up for our clients,” said Hudson of SilverStar. “This merger simply enhances our ability to remain fully dedicated to our mission – helping our clients grow, protect, and distribute their wealth with purpose.”
“SilverStar’s dedication to empowering clients to live purposeful, fulfilling lives makes them an ideal partner for us,” said Rudelson of LifeBridge. “We look forward to welcoming the team and continuing to uphold our shared vision of client-first, purpose-driven wealth management.”
The merger reportedly provides the opportunity to expand both firms’ growth goals and ensure that planning and care for clients can continue seamlessly without disruption.
“We’re pleased to support SilverStar and LifeBridge on their shared journey,” said Pradeep Jayaraman, president of Bluespring Wealth Partners since last fall. “Both firms have been strong, successful partners within the Kestra ecosystem, and Bluespring is proud to further enable their combined success.”
It’s already been a busy year for Bluespring. In February, Bluespring announced its acquisition of Reliant Wealth Planning – a wealth management and financial advisory firm based in Louisville, Ky. At the time, Reliant oversaw more than $560 million in assets under management, led by founding partners Shaun Chelf and Laura Clark.
More recently, the firm brought on industry veterans Graeme Lee, Jeremy Ransom and Jon Bartholomew, while promoting internal talent Josh Bartholomew to a key role. The moves signaled Bluespring’s focus on enhancing the resources and engagement it offers to the firms with which it partners.
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