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Press Release

Bluespring Wealth Partners Acquires Financial Partnership Stake in U.S. Financial Services

by Stuart Silverman
August 05, 2020

$950 million firm lays groundwork for future growth with succession planning solutions from Bluespring Wealth Partners.

by Stuart Silverman
AUSTIN, Texas--Bluespring Wealth Partners, LLC (Bluespring Wealth Partners), which is focused exclusively on acquiring registered investment adviser and wealth management firms, today announced the acquisition of a financial stake in U.S. Financial Services.

For over three decades, the U.S. Financial Services team has been spearheaded by Founding Partners, Steven P. Gallo, CPA/PFS; Altair M. Gobo, CFP®; and Gerard T. Papetti, CPA, CFP®. Partners Matthew DeFelice, CFP®, and Joseph A. Sarnecki, CFP®, CDFA™, will be the second-generation owners after training closely with the original owners under Bluespring Wealth Partners’ guidance.

“We assist business owners every day in preparing financially for major transitions, so we knew it was time to practice what we preach and ensure the continuity of our business for both our clients and employees,” said Gallo. “Partnering with Bluespring gave us the flexibility to secure the institutional-level capital required to do so while allowing Al, Gerry, Matt, and I to maintain a vested interest in our firm.”

“When U.S. Financial Services was founded in February of 1989, our vision was to create a firm that would focus on serving our clients’ needs first, providing the foundation and path for the growth we have experienced,” said Papetti.

These esteemed wealth managers empower clients through an educational, mindful approach to money management and deliver sophisticated financial planning services including risk management, goal-based investing, estate and legacy planning, cash flow analysis, and long-term business succession planning.

“We believe that Matt and Joe ensure our legacy will be well preserved,” said Gobo. “With the vast resources now available to us through Bluespring, we are confident in our firm’s ability to help clients reach their life goals for generations to come.”

Headquartered in Fairfield, NJ with offices in North Carolina and South Carolina, the team serves a diverse client base with strategies tailored to meet the unique needs of high-net-worth individuals, families, business owners, female investors, and physicians.

“We are thrilled to be partnering with U.S. Financial Services and welcome Matt and Joe to our Successor Academy. I’ve known the team for almost a dozen years and have been thoroughly impressed with their growth,” said Stuart Silverman, President of Bluespring Wealth Partners. “With a combined 75 years of industry experience, this team leads one of the premier wealth management firms in the industry and in the tri-state area, and we are eager to fuel their expansion throughout the region while taking the legacy that Steve, Al, and Gerry have built to the next level.”

About Bluespring Wealth Partners, LLC

Through streamlined and unique succession strategies, Bluespring Wealth Partners is dedicated to the acquisition and servicing of wealth management firms seeking continuity for clients and the business they have built. Bluespring Wealth Partners was established with the express purpose of helping entrepreneurs take their business to the next level of growth through successor identification and training, flexible ownership arrangements, and institutional-level capital support.

By focusing on partnership as the driver of success, Bluespring Wealth Partners helps business owners ensure a lasting legacy while preserving the core values on which their firms were built.

Bluespring Wealth Partners is a wholly owned subsidiary of Kestra Financial, Inc.

Appropriately licensed members of U.S. Financial Services offer investment advisory services through Kestra Advisory Services, LLC (Kestra AS), and offer securities through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Bluespring Wealth, Kestra AS, Kestra IS, and U.S. Financial Services are affiliated companies of Kestra Financial, Inc.

Kestra Financial, Inc. is the parent company of Kestra Investment Services, LLC, member FINRA/SIPC; H. Beck, Inc., member FINRA/SIPC; Arden Trust Company; Blue Spring Wealth Partners, LLC; and Kestra Advisory Services, LLC; Kestra Private Wealth Services, LLC; and Kestra Institutional Services, LLC; all federally registered investment advisers.

Contacts
Gregory FCA for Bluespring Wealth Partners
Lindsay Fitzpatrick, 610-228-2127
kestra@gregoryfca.com

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