Bluespring Wealth, the M&A-focused subsidiary of Kestra Monetary, has purchased Atlanta-based Component Wealth Advisors, a $450 million-asset follow that had been affiliated with Kestra since 2023.
Component was shaped in 2005 by Todd Mitman and Jeremy P. Reese whereas they had been affiliated with Ameriprise Monetary. They moved to Kestra in 2023.
Monetary phrases of the deal weren’t disclosed. The nine-person workforce will proceed to function beneath the Component Wealth Advisors model.
“Becoming a member of Bluespring permits us to develop thoughtfully whereas persevering with to spend money on our workforce and the shopper expertise that defines us,” Reese stated in a press release.
Bluespring has introduced six offers this 12 months with a collective $four billion in shopper property. The agency, which owns near 30 practices, final 12 months introduced 9 offers totaling $6 billion.
Kestra, which doesn’t escape property for its numerous companies, was overseeing roughly $169 billion in shopper property on the finish of 2025 and has greater than 1,300 advisors, based on its web site.
Kestra is owned by Kestra Holdings, which was spun out of insurer NFP in 2016. It’s majority-owned by Stone Level Capital and backed by a minority funding from Oak Hill Capital.