Bluespring Wealth Partners LLC, an Austin, Texas-based acquirer and partner of wealth management firms, has purchased Joule Financial, an independent registered investment advisor in Lexington, Ky., managing about $280 million in client assets, the company announced.
Founded in 2001, Joule Financial is led by Quint Tatro, managing director and CIO, and Daniel Czulno, managing director and COO. The firm provides fee-only financial planning, investment management, and wealth development services to over 600 families throughout the U.S.
Through the firm’s new partnership with Bluespring, Joule will be able to scale its operations to reach its next growth phase, while maintaining a high-touch level of customer service, Bluespring President Stuart Silverman said in a news release.
“Quint and Daniel are two young, talented leaders who have built a strong reputation in the region and the broader financial services industry through their writings, podcasts, and radio and television appearances,” Silverman said. “We are excited to partner with the duo, and look forward to further strengthening operations, expanding the Joule footprint, and accelerating their platform’s growth.”
The duo’s biweekly podcast, “DIY Money,” has nearly three million downloads on Apple.
“On the heels of one of our best years in company history, there is no better time than the present to invest in the future of our firm,” Tatro said in the news release. “We’re thrilled to be doing so alongside Bluespring Wealth Partners. Bluespring will handle a variety of back-office functions so we can focus on client service, comprehensive planning, and executing our investment management strategy.”
In an email, Czulno said that DIY Money is an educational podcast series focused on answering listener questions regarding personal finance, investing and financial planning.
“Individuals today are hungry to be more educated and informed about their financial life,” he said. “The DIY Money podcast is an opportunity for those individuals to grow their financial education from the perspective of experienced financial professionals in a short and entertaining format they can easily share with others.”
Czulno said that a good financial advisor is able to advise clients on best practices for their financial life and investments, but a great financial advisor is one who understands what is triuly unique about an individual client’s financial life, goals, and values and is then able to adjust and plan accordingly. He said that his firm’s new partnership with Bluespring is a key element in providing great financial advice to new and established clients.
“Working with Bluespring will allow Joule to focus on what it does best—serving families with financial planning and investment management,” he said in the email. “The Bluespring team brings an incredible depth of expertise and support in a wide array of operational areas, allowing Joule to be even more focused on our client relationships as we continue to grow in the years ahead.”