By Bluespring Wealth Partners has recently announced its acquisition of Christopher Street Financial, a prominent New York-based brokerage firm managing approximately $700 million in client assets.
Strengthening Financial Planning Services
Bluespring, a division of independent broker-dealer Kestra, focuses on advisor acquisitions and aims to assist Christopher Street in enhancing its financial-planning services for clients. This collaboration will involve the provision of consulting and business development support to further grow the firm’s reach.
Specialization in LGBTQ+ Financial Planning
With a particular focus on LGBTQ+ clients, Christopher Street Financial offers comprehensive planning services tailored to individuals, couples, and families. Additionally, their alignment of values attracts clients from diverse communities.
A Long-Standing Partnership
For the past 15 years, Christopher Street has enjoyed a successful partnership with Kestra. This close collaboration has fostered valuable relationships between key personnel at both firms.
Mutual Understanding and Respect
Christopher Street’s President, Jen Hatch, expressed enthusiasm about the acquisition, stating, “Bluespring gets us.” Hatch attests to the dedication and hard work exhibited by Bluespring’s Chairman, Stuart Silverman, and his team.
Expanding Nationwide Reach
Chairman Stuart Silverman expects this deal to offer Christopher Street the necessary resources and expertise to expand its client base throughout the country. The acquisition represents an exciting opportunity for both firms to amplify their impact and provide exceptional financial planning services to an even wider audience.
Welcoming Christopher Street
An Exciting New Chapter for Our Firm
We are thrilled to announce that we have joined forces with Christopher Street, an esteemed ensemble practice known for its commitment to inclusivity and high-caliber client service. This partnership marks a significant milestone for our firm, propelling us towards new avenues of success.
The decision to bring Christopher Street into our family comes at a time of transition. We recently bid farewell to David Canter, who stepped down as president of the Kestra unit to focus on a more strategic role within the business. With this change, we are excited to embark on a fresh chapter filled with opportunities for growth and development.
Established in 1981, Christopher Street has built a stellar reputation as a trusted financial advisor for the LGBTQ+ community. Led by CEO Mark Franczyk, their ensemble practice comprises a talented team of 15 professionals who share our vision and values. We are pleased to announce that through this acquisition, Christopher Street will retain its unique culture and brand identity, ensuring a seamless integration with our firm.
The acquisition of Christopher Street further strengthens our commitment to supporting the financial well-being of the LGBTQ+ community. With Bluespring’s unwavering support, we are dedicated to carrying forward their 42-year legacy of empowerment and financial success.
We are proud to share that Christopher Street is not the only firm finding a new home this week. In an exciting development, NFP, the parent company of Wealthspire Advisors, has acquired Divergent Wealth Advisors—a reputable RIA based in South Jordan, Utah, with approximately $675 million in client assets. The completion of the Divergent deal on August 7th cemented NFP’s position as a prominent player in the industry.
We are thrilled about this new phase of growth and are eager to make a positive impact on the lives of our clients. Stay tuned for more updates as we continue to expand our capabilities and enhance our services.
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