M&A Associate

Austin, TX, United States

Encino Building #2, Austin, Texas, United States of America

Job Description Posted Friday, January 19, 2024 at 6:00 AM

Bluespring Wealth Partners is a fast-growing acquirer of wealth management firms throughout the United States. We take a relationship-based approach to partnering with and supporting best-in-class teams who provide financial planning and investing services to retail clients. Bluespring takes majority-stake positions in high-quality firms and provides its partners with an unparalleled depth of operating support, business consulting expertise and strategic investments in key areas of growth.

Bluespring launched in 2019 and is a wholly owned subsidiary of Kestra Holdings, a holding company that consists of five leading wealth management services businesses that collectively support more than $110bn in AUM and 1,800 independent financial advisors. Kestra Holdings is majority-owned by Warburg Pincus, a leading global private equity firm.

As an M&A Associate, you will play a critical role in Bluespring Wealth Partners’ effort to assess new merger and acquisitions (M&A) opportunities, providing thoughtful diligence and analysis to lead decision-making about investments. You will report to the VP, Head of M&A and work on-site at our Austin, TX headquarters. Beyond participating in the evaluation and execution of M&A opportunities, you will have an active role in a dynamic and collaborative team. You will contribute ideas and perspective to help enhance our operations, driving efficient growth and continued refinement.

POSITION RESPONSIBILITIES

You will be responsible for, but not limited to:

Assist with the financial and operational diligence process to obtain and summarize key information about prospective acquisitions.

Prepare financial models outlining historical and projected financial performance, including projected returns and supplemental support.

Craft proposals for review by the Deal Committee and participate in committee discussions to offer perspective on opportunities.

Collaborate with critical partners throughout the Bluespring/Kestra organization to ensure completion of agreed-upon diligence procedures, leading engagement with Diligence Committee to approve opportunities.

Draft term sheets and indications of interest for new opportunities.

Participate in final diligence processes, working with the Head of M&A, seller representatives and key management team members to perform diligence while ensuring a positive impression of Bluespring as a partner.

Provide a full/final assessment of the opportunity with a recommendation to the Deal Committee, objectively reporting on key assumptions/concerns and summarizing all key findings to inform a final decision.

Participate in transaction document drafting, negotiations, and other key interactions throughout the process, taking ownership for driving the process.

Capture critical knowledge from the M&A process and ensure it is documented and communicated to the Onboarding and Business Consulting teams; collaborate to smoothly guide opportunities to closing.

Internal Responsibilities:

Periodic involvement in strategic initiatives to provide analytical support and perspective for decision-making.

Maintain Bluespring’s M&A pipeline, ensuring accurate reporting on opportunities to all important partners within a specified timeframe.

Responsibility for documenting and tracking deal-related information on completed acquisitions, ensuring communication with all important partners.

Monitor and update information on key competitors, reporting insights to management with any associated recommendations.

POSITION QUALIFICATIONS

You will possess the following qualifications and personal attributes:

2+ years investment banking, consulting, corporate finance, or related analytical and financial experience.

Exceptional written and verbal communication skills.

Strong research, modeling, and technical skills.

Resourceful self-starter, able to work autonomously and as team player in a group/cross-functional setting with outstanding work ethic.

Well organized, with an ability to manage multiple work streams to completion in a fast-paced environment.

Excel skills (can perform complex functions) and proficiency in the use of other Microsoft Office Products (Word, PowerPoint).

BENEFITS:

Full health, vision, dental. 401(k) plans along with a host of voluntary plans such as car insurance, legal services and more (applicable to full time permanent employees).

DISCLOSURE:

By applying to a job at Bluespring Wealth Partners, a subsidiary of Kestra Financial, you are agreeing to the following statements:

You acknowledge that if hired, Bluespring Wealth Partners may, obtain and use background information concerning your credit, character, general reputation, personal characteristics, work habits, performance and experience for evaluation for your potential employment.

It is the policy of Bluespring Wealth Partners to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, sex, sexual orientation, gender, identity or expression, age, disability, marital status, citizenship, national origin, genetic information, or any other characteristic protected by law. Bluespring Wealth Partners prohibits any such discrimination or harassment.

Job Family Mergers & Acquisitions Job Function Mergers & Acquisitions

Pay Type Salary

Education Level Bachelor’s Degree

Travel Required Yes

Travel Percentage 20

Encino Building #2, Austin, Texas, United States of America

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