Bluespring Wealth Partners, an Austin, Texas-based wholly-owned subsidiary of Kestra Financial, has acquired Bedell Frazier Investment Counseling, a registered investment adviser managing over $500 million.
Bedell Frazier is based in Walnut Creek, California.
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The two groups were among several former First Republic teams whose exits from J.P. Morgan were announced Friday.
The company is acquiring the Individual 401(k), Multi-SEP, and SIMPLE IRA plan businesses from Vanguard.
South Florida-based advisor had been overseeing $105 million in client assets at Wells.
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