Kestra Subsidiary Bluespring Wealth Partners Announces Jayaraman as President

Pradeep Jayaraman

Bluespring Wealth Partners announced Pradeep Jayaraman as its new president. Jayaraman assumed leadership for all functions at Bluespring, including strategy and execution for the growing wealth management company. Stuart Silverman continues to serve as chairman of Bluespring, also supporting the expansion of the organization.

Bluespring is a subsidiary of Kestra Holdings and an acquirer of both independent registered investment advisers and hybrid wealth management firms. This summer, it acquired a $1.35 billion Pennsylvania firm, as well as Shelton Financial Group, based in Indiana and overseeing nearly $500 million in client assets.

Jayaraman joins the Kestra affiliate after serving more than a decade – 2013 to 2023 – at Focus Financial Partners where he acquired, managed, and grew wealth management businesses. Most recently, Jayaraman co-led partnerships and business development at Focus. Prior to that, he was a vice president at Goldman Sachs from 2010 to 2013, advising financial services clients on numerous merger and acquisition transactions, as well as debt and equity offerings.

Jayaraman graduated with an MBA from The Wharton School, University of Pennsylvania. He also holds a bachelor’s degree in accounting from the University of Mumbai, India.

“We’re excited to bring such an accomplished business leader aboard to lead Bluespring Wealth Partners,” said James Poer, chief executive officer of Kestra Holdings. “Bluespring has a bright future, driven by industry-leading financial advisers. 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.”

According to Bluespring, it 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, the company believes Jayaraman is well-positioned to enhance Bluespring’s merger and acquisition pipeline.

“Bluespring has built a unique and differentiated value-added platform,” said Jayaraman. “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.

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