Kestra’s Bluespring Adds Leadership Amid Ongoing RIA Growth Push
Bluespring Wealth Partners, a subsidiary of Kestra Holdings and acquirer of independent and hybrid registered investment adviser firms, has expanded its leadership team with three executive appointments and two additions to its business development group. The firm said the hires will help support continued growth and adviser engagement across its national network.
New leadership appointments include Rochelle Levy as chief compliance officer; William Salmen as head of mergers and acquisitions; and Adam Sokolic as head of business operations and integrations. In addition, Jonathan Ballenger and Tyler Schlater join the business development team as regional business development directors.
Levy has more than 15 years of experience in banking, investment management, and capital markets. She previously served as chief compliance officer for capital markets, private bank, and wealth management at City National Bank, where she developed compliance programs for multiple broker-dealers, RIAs, and trust entities. Levy is a licensed attorney admitted to the New York and Massachusetts bars.
Salmen joins Bluespring from Galway Insurance Holdings, where he was vice president of acquisitions and business development. He has more than a decade of experience in mergers and acquisitions and corporate development, including leadership in the acquisition and integration of MAI Capital Management, a $35 billion RIA.
Sokolic brings more than 25 years of executive experience in mergers and acquisitions, platform integration, and retirement and wealth management operations. Most recently, he served as chief operating officer for retirement and private wealth at HUB International, where he oversaw an acquisition strategy that generated more than 600% inorganic growth and managed a $200 billion platform serving corporate and individual clients.
Ballenger and Schlater will work alongside Josh Bartholomew, head of business development since the spring, to lead the firm’s national business development efforts. Their combined experience is intended to strengthen Bluespring’s ability to work with leading wealth management firms across the country.
“This group of new team members brings the kind of expertise that will take Bluespring to the next level,” said Pradeep Jayaraman, president of Bluespring. “Their leadership – along with the teams they are building – will drive growth, elevate adviser support, and accelerate our vision for the future of wealth management.”
The leadership expansion follows a series of acquisitions as Bluespring continues to grow within the independent wealth management space. Over the summer, the firm acquired Halcyon Wealth Advisors, a Kestra Financial–affiliated practice with $364 million in assets under management. The transaction merged Halcyon into existing Bluespring firm LifeBridge Financial Group as part of its broader consolidation strategy.
Earlier this year, AltsWire reported that Bluespring added industry veterans Graeme Lee, Jeremy Ransom, and Jon Bartholomew to its leadership team, reflecting the firm’s ongoing investment in operational and growth infrastructure.
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