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FUNDRAISING NEWS | July 22, 2024

Bluespring Wealth Partners Acquires Shelton Financial Group

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Bluespring Wealth Partners has acquired Shelton Financial Group, a registered investment advisory firm based in Fort Wayne, Indiana. Founded by Jeff Shelton, the 25-year-old firm manages nearly $500 million in assets. As part of the acquisition, Shelton Financial Group will move to Bluespring's affiliated wealth management platform, Kestra Financial. 

The team includes financial professionals Nathan Shelton and Matt Fry, who specialize in faith-based investments and financial planning for working-class families, respectively. Jeff Shelton highlighted that this move ensures the firm's culture and values remain intact while preparing for leadership transition. 

This acquisition follows Bluespring's recent purchases of other RIAs, including firms in Arizona, New York, and Virginia, managing assets ranging from $500 million to $750 million. Kestra Financial launched Bluespring in July 2019 to focus on acquiring RIA firms for succession planning.

To view the press release, click here.

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Written By: John Washington, Data Research Analyst

John Washington is the Data Research Analyst at Dakota.

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