Bluespring taps M&A veteran Jayaraman as its new president

Bluespring taps M&A veteran Jayaraman as its new president
Pradeep Jayaraman, president of Bluespring Wealth Partners.
The veteran closer and leader is expected to drive further growth as he brings a record of dealmaking success from Focus and Goldman Sachs.
SEP 04, 2024

Bluespring Wealth Partners, the Kestra holdings subsidiary and leading acquirer of RIAs and hybrid wealth firms, has named a new president to oversee its continuing inorganic growth strategy.

Pradeep Jayaraman, who brings decades of experience in mergers and acquisitions, will oversee all aspects of strategy and operations for the wealth management acquirer.

He succeeds Stuart Silverman, who took over the president role from Fidelity alum David Canter in August last year. Silverman, who co-founded the company, will remain as chairman and continue to support its growth initiatives.

Jayaraman joins Bluespring after spending more than a decade at Focus Financial Partners, where he played a key role in acquiring and growing wealth management businesses. His most recent position at Focus was as co-head of partnerships and business development. Prior to that, he worked at Goldman Sachs, advising financial services clients on M&A transactions, debt, and equity offerings. 

“We’re excited to bring such an accomplished business leader aboard to lead Bluespring Wealth Partners,” said James Poer, CEO of Kestra Holdings, in a statement Wednesday. “Jayaraman’s leadership, along with the rest of the team, will help drive continued growth and opportunity for the Kestra ecosystem.”

Bluespring has built a solid track record of deal-driven growth, acquiring independent registered investment advisors and hybrid wealth management firms. The Kestra subsidiary has appealed to these firms with solutions that let them secure their legacy while creating additional leverage in their businesses. 

“Bluespring has built a unique and differentiated value-added platform,” said Jayaraman, whose experience is expected to help maintin the momentum in Bluespring's M&A pipeline. “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.”

Jayaraman will be based at Bluespring’s headquarters in Austin, Texas, where he will also join the executive team at Kestra Holdings.

Latest News

Judge OKs more than $90 million in settlement money for GWG investors
Judge OKs more than $90 million in settlement money for GWG investors

Mayer Brown, GWG's law firm, agreed to pay $30 million to resolve conflict of interest claims.

Fintech bytes: Orion and eMoney add new planning, investment tools for RIAs
Fintech bytes: Orion and eMoney add new planning, investment tools for RIAs

Orion adds new model portfolios and SMAs under expanded JPMorgan tie-up, while eMoney boosts its planning software capabilities.

Retirement uncertainty cuts across generations: Transamerica
Retirement uncertainty cuts across generations: Transamerica

National survey of workers exposes widespread retirement planning challenges for Gen Z, Millennials, Gen X, and Boomers.

Does a merger or acquisition make sense for your firm? Why now is the perfect time to secure your firm’s future
Does a merger or acquisition make sense for your firm? Why now is the perfect time to secure your firm’s future

While the choice for advisors to "die at their desks" might been wise once upon a time, higher acquisition multiples and innovations in deal structures have created more immediate M&A opportunities.

Raymond James continues recruitment run with UBS, Morgan Stanley teams
Raymond James continues recruitment run with UBS, Morgan Stanley teams

A father-son pair has joined the firm's independent arm in Utah, while a quartet of planning advisors strengthen its employee channel in Louisiana.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave