Bluespring Wealth Partners, an acquirer of RIAs, has announced the acquisition of SilverStar Wealth Management and its subsequent merger into the existing Bluespring firm LifeBridge Financial Group.
The combination creates a new firm within the Bluespring ecosystem with $1.4 billion in assets under management. Bluespring Wealth Partners is owned by Austin, Texas-based Kestra Holdings, which previously supported SilverStar.
LifeBridge is a Houston-based wealth management firm led by Michael Rudelson, managing director, and lead financial advisors Selena Krampota and Grayson Palmer. Silverstar is based in Cypress, Texas, and is led by Tim Hudson, president and lead principal.
The two teams share aligned values and a commitment to providing tailored wealth management solutions, according to the announcement. Both firms will continue managing their respective teams after the merger but will collaborate closely on growth and client service.
“We are excited about our future with LifeBridge and the expanded opportunities it will open up for our clients,” Hudson said in a statement. “This merger simply enhances our ability to remain fully dedicated to our mission — helping our clients grow, protect and distribute their wealth with purpose.”
Rudelson cited SilverStar’s “dedication to empowering clients to live purposeful, fulfilling lives” as a key driver of the merger.
Pradeep Jayaraman, president of Bluespring Wealth Partners, noted that the firms have been successful partners within the Kestra ecosystem.
“Bluespring is proud to further enable their combined success,” he said.
Jayaraman added that the merger will provide the opportunity to expand both firms’ growth goals while providing more support and resources to serve clients.
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