Kestra’s Bluespring Expands Pittsburgh Footprint With $600M Coghill Acquisition
Bluespring Wealth Partners, a subsidiary of Kestra Holdings and acquirer of independent and hybrid registered investment adviser firms, has partnered with the Pittsburgh-based Coghill Investment Strategies, adding approximately $600 million in assets under management to the Bluespring platform.
The wealth management firm was founded in 2011 by 40-year industry veteran Carrie Coghill. She is joined by partners Michael Cooley and Shana Bielich, who bring more than 30 and 25 years of experience, respectively.
“For us, this partnership was about creating a structure that supports growth while preserving our culture and commitment to clients,” said Carrie Coghill. “When thinking about the future of our business, my partners and I were intentional about aligning with an organization that shares our values, provides strategic support, and creates opportunities for our team while ensuring top-tier service for the clients who have trusted us for decades.”
The firm specializes in generational wealth management, or long-term legacy planning; providing tax-efficient strategies and specialized support; and life transition support.
“Carrie and her team have built an exceptional firm defined by deep relationships, strong values, and intentional multi-generational leadership,” said Pradeep Jayaraman, president of Bluespring Wealth Partners. “Their focus on continuity and client outcomes aligns perfectly with how Bluespring measures success across our partner firms and we look forward to working with Carrie and her team to continue their legacy.”
“Our goal is not to scale for scale’s sake,” added Jayaraman. “It is to partner with firms that have earned trust over decades and to help them extend their legacy while creating new opportunities for their people and clients.”
This acquisition follows a record-breaking 2025 for Bluespring, during which the firm completed nine acquisitions and added more than $6 billion in AUM.
The acquisitions included another Pittsburgh-based firm, Signature Wealth Management. in November 2025. Bluespring acquired this Kestra-affiliated firm, which oversees $1.41 billion in assets, and established a major hub in Pittsburgh just months before the Coghill acquisition.
AltsWire also reported on Bluespring’s acquisition of Halcyon Wealth Advisors, a firm affiliated with Kestra Financial and whose financial professionals oversaw $364 million in AUM.
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