M and A
Deals Of The Day: The Latest In Wealth Management M&A – Bluespring, Ray Olsen
The latest mergers, acquisitions and other corporate actions in the wealth management sector.
Bluespring Wealth Partners
Bluespring
Wealth Partners, which aggregates independent RIAs and hybrid
wealth management firms, has acquired Ray Olson, a Richmond,
Virginia-based firm managing more than $300 million in client
assets.
Founded by Ray Olson, the eponymous business now serves more than 265 households. The firm is affiliated with Kestra Investment Services and other entities owned by Kestra Holdings.
This marks the seventh closed deal for Bluespring in 2025, five of which were existing Kestra-affiliated firms, it said in a statement earlier this week.
Ray Olson, Bluespring Wealth Partners, Kestra IS and Kestra AS are affiliated through common ownership by Kestra Holdings.