New Wealth M&A Group Buys Ohio Firm

Tom Burroughes

21 August 2019

Bluespring Wealth Partners, the new business formed in July by Kestra Financial to buy RIAs and other wealth managers, has acquired Hickory Asset Management, a firm based in Concord, Ohio.

Hickory offers financial planning and portfolio management services to individuals, corporate executives, and business owners. It was founded in 2008 and is led by Daniel G LeScoezec, CHFC®, president.

“Establishing an effective succession plan is paramount to our business and the most important step in building our legacy as a firm,” LeScoezec said.

As part of its own M&A story, Kestra is now majority-owned by private equity house Warburg Pincus.