Founded in 1993, Minneapolis-based Vector Wealth Management offers financial planning to individuals, families, business owners and corporate executives, according to a press release from Bluespring.
Vector is led by managing partner Thomas Fee and includes wealth advisors Sharon Calhoun, Tyler Schelhaas and Todd Stueve, along with director of portfolio management Jason Ranallo and portfolio manager Daniel Powers, Bluespring says.
“Three central questions drove our search for the right partner,” Fee says in the press release. “First, does this partnership serve our clients well? Second, will this benefit the next generation of leadership? Third, does this decision help ensure Vector Wealth Management will continue serving our clients for decades to come? After a long and rigorous process, Bluespring emerged as the best partner for us.”
The companies didn’t disclose the financial terms of the deal.
Since its launch in July, Bluespring has acquired at least three other practices: Beacon Financial Group, which oversees $800 million from offices in Dallas and Austin, Texas; Believeland, an independently-owned firm operating under oXYGen Financial that manages $400 million; and Concord, Ohio-based Hickory Asset Management.