David Canter to Join Kestra's Bluespring as President

What You Need to Know

Canter will lead growth strategy, including M&A and organic growth, according to the firm.
Fidelity said Tuesday that Canter would step down as head of its RIA segment at the end of this month after five years in that role.
Canter, who also worked at Schwab, will join Bluespring in August.

David Canter has been tapped to become president of the RIA Bluespring Wealth Partners, a unit of Kestra Holdings.

Canter will join Bluespring in August, replacing Stuart Silverman, who will move to a newly created role of chairman at Kestra division. The Austin, Texas-based firm says it’s “focused on the acquisition and support of the industry’s premier wealth management firms,” according to a statement.

The news comes two days after Fidelity Investments said Canter would step down as head of its RIA segment at the end of this month after five years in the role.

Kestra Holdings has 2,400 financial professionals with $146 billion in assets under administration and $60 billion in assets under management. Bluespring has completed six acquisitions so far in 2022, expanding its “reach and presence throughout the U.S.,” it said.

“Canter will lead Bluespring into its next phase of growth, taking over day-to-day leadership including M&A, firm strategy, and organic growth,” Bluespring said, adding that he will become a member of the Kestra executive team, reporting to James Poer.

Canter’s Career So Far

He is set to join Bluespring after more than a decade at Fidelity Institutional, most recently leading its RIA and Family Office segment. Canter has been with Fidelity since September 2009, when he joined the company as executive vice president, Practice Management & Consulting, Fidelity Clearing & Custody.