$500 Million, Family-Run Hughes Financial Services, LLC Acquired By Bluespring Wealth Partners, LLC

Herndon, Virginia-based firm finds enhanced back-office support with uninterrupted business operations in Bluespring transaction

AUSTIN, Texas--(BUSINESS WIRE)--Bluespring Wealth Partners, LLC (“Bluespring”), a leading acquirer of high quality wealth management firms, today announced the acquisition of Hughes Financial Services, LLC (“Hughes Financial”), a family-run firm located in Herndon, Virginia.

Overseeing more than $500 million in client assets, the firm is led by founding members and Managing Partners Paul Hughes, ChFEBC and Scott Hughes, CFP ®, CPWA ®, MBA – alongside Managing Partners Patrick Hughes, CFP ® and Berkeley Meredith, CFP ®, CPWA ®, CDFA ®. The firm specializes in working with families, medical professionals, corporate executives, and local, state, and federal employees, offering an integrated wealth management approach by advising clients on all areas of their financial lives.

Since the firm’s inception in 2009, Hughes Financial has offered clients a comprehensive approach to planning – often covering more services than clients might expect from a typical fee structure as a result of the team’s efficient, high level of support. Now a part of Bluespring, the team will be able to focus more time nurturing meaningful relationships with clients and growing their business.

“Straightaway, a partnership with Hughes Financial felt like a perfect fit,” said Bluespring Chairman Stuart Silverman. “Their tight-knit culture and client-centric values are palpable, not to mention the team’s strong work ethic which has led the firm to impressive growth. By leveraging our extensive tools and resources, we look forward to helping the team at Hughes Financial get back to spending time providing premier service to their clients.”

The firm was introduced to Bluespring through multiple mutual relationships with current Bluespring firms. The team appreciated the high level of partnership that empowers the regular functions of its business to stay in place, ultimately deciding to move forward with Bluespring.

“Bluespring Wealth Partners provides us with the opportunity to remain steadfast in our culture, provide a high level of service to our clients, and stay autonomous as a business while still getting the benefits of a larger firm,” said the Hughes Financial team. “In the last four years our firm has doubled in size and with Bluespring Wealth Partners on our team we can focus on continuing to take our business to new heights.”

About Bluespring Wealth Partners, LLC

Through a highly customized and people-centric approach, Bluespring is dedicated to the acquisition and support of quality wealth management firms. In partnering with experienced wealth advisors and their teams, Bluespring looks to perpetuate and enhance the value that they bring their clients, providing continuity and new opportunities in the process. Bluespring was established with the express purpose of helping entrepreneurs take their business to the next level of growth through successor training and incentivization, consulting and operational resources, flexible ownership arrangements, and institutional capital support. By focusing on partnership as the driver of success, Bluespring empowers wealth management firm owners to elevate their business without sacrificing their entrepreneurial spirit, founding principles, and long-term vision.

Bluespring is a subsidiary of Kestra Financial, Inc.

For more information about Bluespring, please visit www.bluespringwealth.com.