Shearman And Sterling

News December 22, 2020

Bluespring Wealth Partners’ Acquisition of Bedell Frazier Investment Counselling

Shearman & Sterling advised Kestra Financial, the parent company of Bluespring Wealth Partners, in Bluespring’s acquisition of Bedell Frazier Investment Counselling. 

Bluespring Wealth Partners is dedicated to the acquisition and servicing of wealth management firms seeking continuity for clients and the business they have built. Bluespring was established to help entrepreneurs transition their business to the next level of growth through successor identification and training, flexible ownership arrangements, institutional-level capital support, and earn-out optimization. Bluespring is a wholly owned subsidiary of Kestra Financial. Based in Austin, Texas, Kestra Financial is an industry-leading independent broker dealer specializing in wealth management, service and technology solutions, and practice management. 

Headquartered in Walnut Creek, California, Bedell Frazier is a high-growth, fee-only registered investment adviser (RIA) and specializes in investment management and financial planning.

The Team