Bluespring Wealth Partners Acquires $750 Million KDI Wealth Management

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AUSTIN, Texas–(BUSINESS WIRE)Bluespring Wealth Partners (Bluespring), a leading acquirer of both independent RIAs and hybrid wealth management firms, today announced their acquisition of KDI Wealth Management, a leading wealth management firm based in Scottsdale, Arizona.

KDI personnel currently oversee more than $750 million in client assets. The firm is run by husband-and-wife duo Kevin Dick, CEO and Wealth Advisor, and Carrie Dick, President and Wealth Advisor, alongside longtime business partner Shane Keith, Vice President and Wealth Advisor. The firm was founded in 2005 and consists of 14 total employees.

KDI’s decision to join Bluespring was fueled by several factors, including Bluespring’s flexible model and commitment to nurturing the entrepreneurial spirit of its partners while also offering streamlined solutions to outsource non-revenue generating tasks. The KDI team offers a full suite of services, including wealth and retirement planning, estate planning, cash flow management, tax planning, and more. With Bluespring’s expertise and resources, KDI plans to accelerate growth while maintaining its reputation for providing superior customer service and personalized financial solutions.

“Bluespring’s dedication to fostering entrepreneurship deeply resonated with us,” said KDI CEO Kevin Dick. “We’re excited to have a partner that respects our vision for the business. With Bluespring we will be able to elevate our capabilities, expand our reach, and continue to deliver exceptional value to our clients.”

Recently ranked in the top 10 Best-In-State Wealth Advisors by Forbes, Kevin Dick and his KDI team have built a reputation for delivering comprehensive wealth management solutions, specializing in peer-to-peer advising to ensure each client is receiving a personalized approach. With a focus on client success and a dedication to building lasting relationships, KDI has earned the trust of individuals and families across Arizona and beyond.

“We are thrilled to welcome KDI Wealth Management to the Bluespring community,” said Stuart Silverman, Chairman of Bluespring. “Their first-class track record, commitment to excellence, and dedication to client success perfectly complement our values and objectives. We look forward to supporting the team in its future growth.”

In addition to their partnership with Bluespring, KDI is also joining the Kestra Financial wealth management platform, leveraging all the tools offered within the Kestra ecosystem.

“We are thrilled to welcome KDI Wealth Management to the Kestra community,” said Stephen Langlois, President of Kestra Financial. “We’ve intentionally assembled our Kestra ecosystem in a way that enables advisors to choose how to best leverage our capabilities to advance their growth. The fact that KDI is able to leverage our wealth management platform while also gaining the guidance and expertise of our colleagues at Bluespring is a perfect example of our vision in action.”

About Bluespring Wealth Partners, LLC

Through a highly customized and people-centric approach, Bluespring is dedicated to the acquisition and support of quality wealth management firms. In partnering with experienced wealth advisors and their teams, Bluespring looks to perpetuate and enhance the value that they bring their clients, providing continuity and new opportunities in the process. Bluespring was established with the express purpose of helping entrepreneurs take their business to the next level of growth through successor training and incentivization, consulting and operational resources, flexible ownership arrangements, and institutional capital support. By focusing on partnership as the driver of success, Bluespring empowers wealth management firm owners to elevate their business without sacrificing their entrepreneurial spirit, founding principles, and long-term vision.

About Kestra Financial, Inc.

Kestra Financial is a leading independent wealth management platform headquartered in Austin, Texas. A division of Kestra Holdings established in 1997, the firm empowers independent financial advisors and wealth management firms by offering personalized support, integrated business management technology, and access to a collaborative community of like-minded financial professionals. Kestra Financial supports independent financial professionals from across the country and is committed to delivering superior service to enable their growth, success, and ability to best support their own clients.

The Kestra Financial division includes Kestra Private Wealth Services, LLC (Kestra PWS), Kestra Advisory Services, LLC (Kestra AS) and Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Securities offered through registered representatives of Kestra IS. Investment advisory services offered through appropriately licensed representatives of Kestra AS or Kestra PWS.

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Edmund Shing, PhD

Global Chief Investment Officer
BNP Paribas Wealth Management

Edmund has over 29 years of experience in financial markets in a wide variety of positions, ranging from proprietary trading to portfolio manager in a number of financial institutions in London and Paris.  He previously held the role of Global Head of Equity and Derivative Strategy at BNP Paribas in London from 2015 to 2020, and has been Chief Investment Officer at BNP Paribas Wealth Management since November 2020.

Edmund is responsible for piloting our investment strategy and will continues to rollout out recommendations and themes with actionable advice that brings our expertise to our clients and support to our client-facing teams.  In this time of change, his expertise in following and anticipating markets is a true value added for both our customers and those at Wealth Management who serve them.

Edmund has a PhD in Cognitive and Computing Science from the University of Birmingham in the United Kingdom, and has done advanced studies in Knowledge-Based Systems and in Experimental Psychology.  He is an EFFAS-certified financial analyst. He has also authored the book “The Idle Investor” published by Harriman House in 2015, proposing 3 simple investment strategies that take only a few minutes to execute per month.

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