Bluespring Taps Pradeep Jayaraman as President
Pradeep Jayaraman was named president of Bluespring Wealth Partners, an acquirer of independent registered investment advisors and hybrid wealth management firms. Jayaraman will assume leadership for all functions, including strategy and execution. Stuart Silverman will continue to serve as Chairman of Bluespring.
Jayaraman joins Bluespring, a subsidiary of Kestra Holdings, after serving over 10 years at Focus Financial Partners. Most recently he was co-head, partnerships & business development at Focus. Prior to that, he was a VP at Goldman Sachs, advising financial services clients on mergers & acquisitions and debt and equity offerings. Jayaraman joins the Bluespring and Kestra Holdings at the home office in Austin, TX.
“Jayaraman’s leadership, along with the rest of the team, will help drive continued growth and opportunity for the Kestra ecosystem, supporting our clients in elevating their business without sacrificing their entrepreneurial spirit, founding principles and long-term vision,” said James Poer, CEO of Kestra Holdings.
The serial RIA acquirer has been on a buying spree over the last six months. In August, the firm bought Rodgers & Associates Wealth Advisers, a Lancaster, PA-based wealth management firm with more than $1.35 billion in assets. In July, it announced the acquisition of Shelton Financial Group, a Fort Wayne, IN-based firm with $500 million in assets.
In May, the firm bought KDI Wealth Management, a Scottsdale, AZ-based husband-and-wife-team overseeing more than $750 million in client assets. In March, it announced it was combining two of its partner firms, Retirement Wealth Specialists (RWS) and Security Financial Management (SFM), to create a hub in Florida managing approximately $1.4 billion in assets.
