LifeBridge Financial Group Expands Presence in Texas with Merger
Wealth management firm Bluespring Wealth Partners has brought on board Halcyon, a firm with assets worth $364 million.
In a strategic move to consolidate and expand its wealth management capabilities in Texas, LifeBridge Financial Group has merged with Halcyon Wealth Advisors. This merger is part of a broader strategy by Bluespring Wealth Partners, an Austin-based wealth management platform, to strengthen its operations in the Lone Star State.
Based in Houston, LifeBridge Financial Group is led by Michael Rudelson, Selena Krampota, and Grayson Palmer. The merged entity will now serve clients across Texas from offices in Waco, Houston, Irving, and Cypress.
Halcyon Wealth Advisors, located in Irving and led by Lynn Clark and Carolyn Mora, manages $364 million and is affiliated with Kestra Financial. The merger aims to leverage the unique strengths of each firm, enhancing the combined entity's financial services and capabilities.
The merger does not affect the leadership of Halcyon, with Lynn Clark and Carolyn Mora still leading the firm. The integration of Halcyon into LifeBridge Financial Group is expected to elevate the way LifeBridge invests, plans, and guides its clients.
Lynn Clark believes that the merger will enable LifeBridge Financial Group to draw from the best practices of its new partners. The merger further strengthens LifeBridge's commitment to continuous improvement.
The merger expands LifeBridge's reach into the Dallas-Fort Worth area, complementing its existing presence. The combination of LifeBridge, Halcyon, and SilverStar, another Bluespring firm that previously merged with LifeBridge, demonstrates the power of strategic collaboration in wealth management. Each firm brings unique strengths, forming a dynamic hub of financial excellence in Texas.
Pradeep Jayaraman, President of Bluespring Wealth Partners, emphasizes the power of collaboration within the Bluespring network. Michael Rudelson, Managing Director at LifeBridge Financial Group, is proud of the strategic merger with Halcyon and SilverStar Wealth Partners. The combined entities are expected to form a significant player in the Texas wealth management landscape.
The merger is seen as a testament to financial excellence in Texas. Both LifeBridge Financial Group and Halcyon Wealth Advisors prioritize client service and long-term relationships, ensuring a seamless transition for clients of both firms. The merger does not affect the location of Halcyon, which remains in Irving.
LifeBridge Financial Group, through this merger with Halcyon Wealth Advisors, aims to foster strong business growth by strengthening its financial services and capabilities, particularly in the Lone Star State. This expanded entity, now serving clients across Texas, will leverage the unique strengths of both firms in business, investing, and wealth management.
The merged LifeBridge Financial Group, under the leadership of Michael Rudelson, Selena Krampota, Grayson Palmer, Lynn Clark, and Carolyn Mora, will utilize best practices from their partners to improve and grow, demonstrating their commitment to continuous business improvement.
