Kestra's Bluespring Gains Record $6B in Assets in 2025

Core Insights - Bluespring Wealth Partners achieved a record $6 billion in client assets through acquisitions in 2025, focusing on independent RIAs, broker/dealer breakaways, and Kestra-affiliated advisors [1][2] Group 1: Acquisition Details - The acquired assets included nine partner firms, with notable contributions from $1.4 billion Signature Wealth and $400 million Charter Capital Management [2] - A merger of LifeBridge Financial Group with a Kestra firm resulted in a combined $1.4 billion RIA, showcasing tuck-in acquisitions to enhance existing Bluespring advisors [2] Group 2: Strategic Outlook - President Pradeep Jayaraman highlighted a strategy targeting three advisor channels needing operational support, technology, and investment capabilities, with expectations for continued activity in 2026 [3][4] - The firm is actively engaging with target markets through both organic conversations and business development outreach, supported by a newly established business development and M&A team [4] Group 3: Company Background and Market Position - Bluespring operates under Kestra, which manages $92 billion in assets and advises on $119 billion across its affiliates, including Kestra Financial and Kestra Private Wealth Services [5] - The competitive landscape for large RIA acquirers is intensifying, with significant backing from private equity and external minority investors [6]