Parkwoods Wealth Partners adds Wellspring Financial Partners

Parkwoods Wealth Partners said June 9, 2026, that Tucson-based Wellspring Financial Partners has joined the firm in a deal that closed May 29. The move brings more than $1.2 billion in assets under advisement into Parkwoods and expands its retirement plan services, especially participant education.

Why it matters: - The combination adds scale to Parkwoods Wealth Partners’ Retirement Plan Services platform. - The deal gives Parkwoods a Tucson presence within its national footprint. - The transaction strengthens Parkwoods’ ability to serve employer-sponsored retirement plans, including 401(k) and 403(b) programs. - Wellspring’s participant education focus expands Parkwoods’ reach to employees who need help making retirement decisions.

What happened: - Parkwoods Wealth Partners announced that Wellspring Financial Partners has joined Parkwoods. - The transaction closed on May 29, 2026. - Wellspring is a Tucson-based registered investment adviser with more than $1.2 billion in assets under advisement as of year-end 2025. - The announcement was made June 9, 2026. - Pat Zumbusch, Wellspring’s founder, will join Parkwoods as Head of Wellspring Solutions and Head of the Tucson Office.

The details: - Wellspring serves individual wealth clients and a substantial book of employer-sponsored retirement plans. - Wellspring’s work centers on participant education for retirement plan clients. - The firm was named one of USA TODAY’s 2026 Best Financial Advisory Firms. - Wellspring’s approach is fee-only, globally diversified, and evidence-based. - Parkwoods said that approach matches its Purpose First Planning philosophy. - Parkwoods’ Retirement Plan Services platform will absorb Wellspring’s participant education practice. - The Wellspring brand will transition to Parkwoods over the coming months. - Wellspring clients will continue to be served under the same planning-first, evidence-based approach, now supported by the broader Parkwoods platform. - Parkwoods is headquartered in St. Louis and has offices in St. Louis, Syracuse, Nashville, Tucson, Carmel, New Castle, and Lake Oswego. - Parkwoods also has advisors based in Austin, Houston, Los Angeles, and Salt Lake City.

Between the lines: - The deal looks designed to deepen Parkwoods’ retirement-plan expertise rather than simply add assets. - Parkwoods is emphasizing cultural fit and investment-process alignment as much as business growth. - The acquisition also signals a continued push by advisory platforms to pair institutional scale with boutique client relationships. - Parkwoods said it partners with advisory firms that share its fiduciary mindset and planning-centric, evidence-based approach. - Wellspring’s mix of wealth management and retirement-plan services makes the firm a natural fit for that model.

What’s next: - The Wellspring brand transition will unfold over the coming months. - Parkwoods expects the combination to broaden support for plan sponsors and employees using retirement plans. - Pat Zumbusch will lead Wellspring Solutions and the Tucson office while continuing to focus on participant education across Parkwoods’ retirement-plan platform. - Parkwoods is inviting other advisory firms that share its philosophy to start conversations about joining the platform.

The bottom line: - Parkwoods is using the Wellspring deal to expand both scale and specialization, with retirement-plan education at the center of the strategy.