AUSTIN, Texas--(BUSINESS WIRE)--Bluespring Wealth Partners (Bluespring), a leading acquirer of independent RIAs and hybrid wealth management firms, today announced a new President, Pradeep Jayaraman. Jayaraman will assume leadership for all functions at Bluespring, including strategy and execution for the growing wealth management acquirer. Stuart Silverman will continue to serve as Chairman of Bluespring and in that capacity will focus on supporting the growth of the organization.
Jayaraman joins the Kestra Holdings ecosystem after serving more than a decade at Focus Financial Partners acquiring, nurturing, and growing wealth management businesses. Most recently Jayaraman was Co-Head, Partnerships & Business Development at Focus. Prior to that, he was a Vice President at Goldman Sachs, advising financial services clients on numerous merger and acquisition transactions and debt and equity offerings. Jayaraman graduated with an MBA from The Wharton School.
“We’re excited to bring such an accomplished business leader aboard to lead Bluespring Wealth Partners,” said James Poer, CEO of Kestra Holdings. “Bluespring has a bright future, driven by industry-leading financial advisors. 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.”
Bluespring offers established wealth management firms monetization and succession solutions that allow those firms to maintain their legacy while creating additional leverage in their businesses. With a proven track record of nurturing, acquiring and growing wealth management firms, Jayaraman is well-positioned to support Bluespring as the team continues to grow its strong M&A pipeline.
“Bluespring has built a unique and differentiated value-added platform,” said Pradeep. “I am proud to join a team that offers key strategic benefits to entrepreneurially minded firms, helping to preserve, sustain and build on their legacy while institutionalizing the principles by which they became successful in the first place. I believe the team’s mission to operate as strategic, value-added growth investors and integrators in the wealth management space distinguishes Bluespring from being just another capital source for RIAs and wealth management businesses.”
Jayaraman joins the Bluespring team and the Kestra Holdings executive team at the home office in Austin, Texas.
About Bluespring Wealth Partners
Through a highly customized and people-centric approach, Bluespring is dedicated to the acquisition and support of quality wealth management firms. In partnering with experienced wealth advisors and their teams, Bluespring looks to perpetuate and enhance the value that they bring their clients, providing continuity and new opportunities in the process. Bluespring was established with the express purpose of helping entrepreneurs take their business to the next level of growth through successor training and incentivization, consulting and operational resources, flexible ownership arrangements, and institutional capital support. By focusing on partnership as the driver of success, Bluespring empowers wealth management firm owners to elevate their business without sacrificing their entrepreneurial spirit, founding principles, and long-term vision.
