Carson Group Doubles Down on Colorado with New Acquisition
Deal News | Jun 10, 2025 | EIN
Carson Group and Bluespring Wealth Partners have announced significant acquisitions that highlight ongoing consolidation in the advisory industry. Carson Group acquired Wambolt & Associates, a Colorado-based RIA managing $570 million in assets, to enhance its service offerings through expanded capabilities. Carson's acquisition aligns with its strategic focus on integrating partner RIAs into its platform. Similarly, Bluespring Wealth Partners, part of the Kestra Financial ecosystem, merged two Texas-based firms which, together, create a $1.4 billion advisory business. The merger, involving SilverStar Wealth Management and LifeBridge Financial Group, aims to strengthen client offering while maintaining operational focus. Bluespring continues to bolster its capabilities following recent acquisitions and strategic hiring to drive organic and inorganic growth. These moves reflect a broader trend of consolidation within the advisory sector as firms seek to expand their reach and service offerings.
Sectors
- Financial Services
- Investment Management
Geography
- United States – The acquisitions involve companies based in Colorado, Texas, and Florida, with Carson Group and Bluespring Wealth Partners based in Nebraska and part of the Kestra Financial network respectively, all within the United States.
Industry
- Financial Services – The acquisition activity by Carson Group and Bluespring Wealth Partners involves wealth management and advisory firms, crucial segments within the financial services industry.
- Investment Management – Both Carson Group and Bluespring Wealth Partners are engaged in managing significant assets, reflecting their core operations in investment management.
Financials
- 570,000,000 – Assets under management by Wambolt & Associates, acquired by Carson Group.
- 1,400,000,000 – Total advisory business value created by merging SilverStar Wealth Management and LifeBridge Financial Group under Bluespring Wealth Partners.
- 42,000,000,000 – Assets under management by Carson Group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Carson Group | Acquiring Company | Company | An investment advisory firm managing over $42 billion in assets, based in Omaha, Nebraska. |
| Wambolt & Associates | Target Company | Company | A Colorado-based RIA founded by Greg Wambolt, managing $570 million in assets. |
| Bluespring Wealth Partners | Merging Entity | Company | A company within the Kestra Financial ecosystem focused on acquiring and supporting RIAs and hybrid firms. |
| SilverStar Wealth Management | Merging Entity | Company | A Texas-based firm that will merge with LifeBridge Financial Group under Bluespring Wealth Partners. |
| LifeBridge Financial Group | Merging Entity | Company | An existing Bluespring partner firm based in Houston, Texas. |