Bluespring Wealth Partners, the registered investment advisor acquisition arm of Kestra Holdings, has acquired a former Kestra Advisory Services firm in the Houston metro area to merge with its LifeBridge Financial Group and create a $1.4 billion RIA with three Texas locations.
Bluespring’s LifeBridge Financial Group, which is based in Houston, has acquired SilverStar Wealth Management to operate out of its office in Cypress, Texas.
SilverStar is led by President and Lead Principal Tim Hudson, who will continue to manage his team as a wholly owned entity of Bluespring and its partner firm, LifeBridge. According to a spokesperson, his firm will continue operating under its name for the foreseeable future, but will eventually change to LifeBridge Financial Group.
LifeBridge, which is based in Houston, is led by Managing Director Michael Rudelson and lead financial advisors Selena Krampota and Grayson Palmer.
“Both firms have been strong, successful partners within the Kestra ecosystem, and Bluespring is proud to further enable their combined success,” Pradeep Jayaraman, president of Bluespring Wealth Partners, said in a statement.
LifeBridge was started in 2016 and later grew when Jim Morrison joined Rudelson to create a combined firm with Bluespring in 2021 with offices in Houston and Waco. SilverStar was started by Hudson in 1994 and became a Kestra affiliate in 2019, according to BrokerCheck.
“We are excited about our future with LifeBridge and the expanded opportunities it will open up for our clients,” Hudson said in a statement.
Bluespring made a similar move in March 2024 to merge two firms into a $1.4 billion-billion RIA in Florida under the name Security Financial Management.
Austin-based Kestra oversees about $142 billion in client assets through its companies, including independent broker/dealer Kestra FInancial, through 1,800 advisors, according to its websites.