Christopher Street Financial, a Manhattan-based investment firm that focuses on the LGBTQ+ community, has been acquired by Bluespring Wealth Partners, a serial acquirer based in Austin, Texas, Bluespring announced today.
Christopher Street Financial operates as an ensemble practice with 15 staff members who provide financial planning services and oversee approximately $700 million in client assets nationwide. The firm has been associated with Bluespring’s sister company, Austin-based Kestra Financial, for 15 years.
Established more than 40 years ago, Christopher Street Financial is led by its president, Jen Hatch, and CEO Mark Franczyk. Bluespring said it plans to further support Christopher Street Financial through consulting and business development resources. Christopher Street Financial will maintain its focus on the LGBTQ+ community and other clients nationwide.
“We are eager to elevate Christopher Street Financial in the marketplace and provide them with the resources and expertise necessary to reach more clients nationwide,” said Stuart Silverman, Bluespring Wealth Partners' chairman, in a statement.
Christopher Street Financial supports New York-based and national charitable organizations that serve the LGBTQ+ community and focus on social justice issues. The firm was named to commemorate the street in Greenwich Village, a Lower-Manhattan New York City neighborhood that has historical significance for the LGBTQ+ community.