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Direct Investment  + Financial Advisory  + M&As  + RIAs & Financial Advisors  + Wealth Management  |  May 16, 2024
Bluespring Acquires $750M Arizona Husband-Wife Team
Joe Palmisano
By: Joe Palmisano

Bluespring Acquires $750M Arizona Husband-Wife Team

Bluespring Wealth Partners, an acquirer of independent RIAs and hybrid wealth management firms, has acquired KDI Wealth Management, a Scottsdale, AZ-based husband-and-wife-team overseeing more than $750 million in client assets.

The firm is run by Kevin Dick, CEO and wealth advisor, and Carrie Dick, president and wealth advisor, along with partner Shane Keith, VP and wealth advisor. The 14-person firm was founded in 2005.

The KDI team offers wealth and retirement planning, estate planning, cash flow management, tax planning and more.

“Bluespring’s dedication to fostering entrepreneurship deeply resonated with us,” said Kevin Dick. “We’re excited to have a partner that respects our vision for the business. With Bluespring we will be able to elevate our capabilities, expand our reach, and continue to deliver exceptional value to our clients.”

In addition to their partnership with Bluespring, KDI is also joining the Kestra Financial wealth management platform.

“The fact that KDI is able to leverage our wealth management platform while also gaining the guidance and expertise of our colleagues at Bluespring is a perfect example of our vision in action,” added Stephen Langlois, president of Kestra Financial.

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Inside The Story

Bluespring Wealth PartnersKDI Wealth ManagementKestra Financial

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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