Bluespring Wealth Partners (a leading acquirer of high-quality wealth management firms) announced a strategic combination of two of its partner firms, Retirement Wealth Specialists (RWS) and Security Financial Management (SFM), to create a Floridian hub whose advisors oversee about $1.4 billion in assets. The combined firm will retain the Security Financial Management brand and maintain five locations across the state.
The existing synergies and proximity made this merger a natural fit for the two well-established wealth management firms. The company said that its clients and colleagues remain the top priority, and they will now have access to greater scale and resources while also retaining the ability to operate in the spirit that made each business so successful in their communities and across the country. RWS and SFM have been independently affiliated with Bluespring for several years.
KEY QUOTES:
“We’re excited about the merger of RWS into SFM, which will strengthen the capabilities of SFM while securing the legacy of RWS. Bluespring is all about helping firms realize their potential and helping them to create enduring value. Two of our Partners merging to become a leading wealth management firm in the southeast is a testament to the high level of quality and like-mindedness we’ve built in the Bluespring community, further echoing the advantage of integration into the BWP ecosystem.”
– Bluespring Chairman Stuart Silverman
“Bluespring has been instrumental in our ongoing growth and expansion over the last several years. And we’re grateful for the firm’s continued support as we start this new chapter as part of the SFM family.”
– RWS President and Senior Advisor Mitch Walk
“The philosophy of SFM aligns perfectly with RWS, and all parties involved are thrilled to announce this partnership through the continued relationship-building process mobilized by Bluespring. We’re looking forward to learning from one another as we continue to build a firm that our teams are proud to be a part of.”
– SFM Chief Operations Officer and Partner Keith Moore
