The latest mergers, acquisitions and other corporate actions in the wealth management sector.

Bluespring Wealth Partners, which buys RIAs and other wealth firms, yesterday announced that it has bought Pennsylvania-based Rodgers & Associates Wealth Advisers, a firm overseeing more than $1.35 billion in client assets.

The deal comes after Bluespring, which has a total of 27 partner firms, marked its fifth year in business.

Rodgers & Associates was founded more than 25 years ago by husband-and-wife partners Rick and Jessica Rodgers, supported by colleagues Sandra Skrodinsky, president and chief commercial officer; Susan Connors, director of operations; Patrick Carney, manager of advisor services; and Clint Krushinsky, business development specialist. 

The firm employs 25 financial professionals and has nearly one thousand household clients.

"From the beginning, we were drawn to Bluespring’s emphasis on growth at scale while staying true to the core of our business," Rick Rodgers said.