Bluespring Wealth Partners, the Austin, Texas-based hybrid registered investment advisor arm of Kestra Holdings, has launched the Bluespring RIA, a new channel that gives partner RIAs the option to access centralized compliance services, along with existing legal, billing and human resources functions.
Partner RIAs that join the Bluespring RIA channel will be added to the Bluespring RIA’s Form ADV and take on the Bluespring Wealth brand name, according to the RIA. The goal is to give firms a way to hand off back-office compliance work so advisors can focus on clients and growth, said President Pradeep Jayaraman.
“We’ve invested heavily in practice management, and this was just the next evolution,” Jayaraman said. “This was feedback that we consistently heard from firms wherein they wanted help with compliance, both from an efficiency perspective as well as the advisors spending time thinking about compliance.”
Five Bluespring partner firms will be among the first to transition into the Bluespring RIA in 2026: Bedell Frazier Investment Counselling, Capital Planning Advisors, Joule Financial, Ritter Daniher Financial Advisory and Vector Wealth Management.
Rochelle Levy, Bluespring’s chief compliance officer, will lead the expanded compliance function. Levy joined the firm in October 2025 from her role as chief compliance officer for wealth management at City National Bank, according to her LinkedIn profile. She had previously spent more than three years as the head of compliance for investment management in North America for BNY Mellon.
Compliance has been a crucial area for acquisitive RIAs as they seek to attract firms by promising to take such back-office burdens off their plates. This year, Hightower Advisors poached Bob Lavigne from Edelman Financial Engines to be CCO. Similarly, Atlanta-based Aprio hired CCO Courtney Holt from Compound Planning for its $5.5 billion Aprio Wealth Management RIA subsidiary.
Jayaraman said Bluespring began considering the setup in the middle of 2025, following discussions with partner RIAs.
“A lot of firms started raising their hands and saying, ‘You’re helping with all these other things, can you help with compliance?’” he said.
The new channel is optional for existing partners to consider, Jayaraman said, though he anticipates more will join in the coming months and sees the addition as a recruiting driver.
“We will continue to invest significantly in practice management and organic growth capabilities, compliance, infrastructure and technology,” Jayaraman said. “These are things that will make us a very differentiated wealth management platform, and one that people will come to us and see the value because we put our advisors and their clients’ needs first.”
Bluespring hit a high mark for acquisitions in 2025 with nine transactions totaling $6 billion in assets. This year, the firm has made several more acquisitions, including a $1.1 billion New Jersey-based practice this May. It has 33 partner firms to date.
Private equity firm Stone Point Capital is the majority owner of Bluespring, and Oak Hill Capital also owns a minority stake in the firm.
