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

This week, Bluespring Wealth Partners, which has acquired RIAs and hybrid wealth management firms, said that it has bought Kestra Financial's affiliated firm Signature Wealth. It is the eighth acquisition that Bluespring has made this year.

Based in Pittsburgh, the team at Signature Wealth look after about $1.41 billion in client assets. 

Under the arrangement, Bluespring will assume back-office functions, including payroll, HR, and benefits administration. 

“Bluespring offers the scale, infrastructure, and strategic resources we need to keep elevating our business, without compromising the level of service we provide,” Marc Tannenbaum, CEO of Signature Wealth, said. “This partnership positions us for sustainable growth, ensures continuity for our clients, and gives our team the tools to meet the evolving demands of our industry.”