“The West Coast has an outstanding growth trajectory and we are excited to enhance our brand and footprint in the region,” he said.
While the Bluespring aspires to expand its brand and services, according to Silverman, the firm does not enter into business partnerships without first performing extensive due diligence.Capital Planning Advisors represents its largest acquisition by AUM so far. However, any firm that can meet Bluespring’s high expectations could be the firm’s next partner.
“We are always on the lookout for high-quality, high-integrity firms that put their clients first and provide a comprehensive value proposition,” Silverman said in the email. “By aligning with businesses that exclusively fit our culture, we’ve created a powerful network of like-minded firms, many of which experience business milestones together within our Successor Academy, where we support their search for the next-generation leadership to ensure thir legacy lives on.”
Even while focusing on 2021, Silverman is looking ahead to the coming year and its potential challenges and rewards for his firm and its current and future partners.
“We look forward to continuing on the same path for 2022,” he continued. “To date, our acquired firms are experiencing exponential organic growth, outpacing the market. We plan to continue our search for premier wealth management firms across the country.”
David Selig of Advice Dynamics Partners served as an advisor to Capital Planning Advisors for the transaction.