Aspen Standard Wealth has acquired BlueSky Wealth Advisors, a registered investment adviser based in New Bern, North Carolina.
Financial terms of the deal were not made public.
BlueSky, established in 1999, manages $1bn in assets.
The firm specialises in investment management and financial planning, with a focus on tax strategies, passive income, and legacy planning for clients.
BlueSky CEO David Blain said: “BlueSky has achieved steady growth over the last 25 years because of the highly personalised, holistic financial advice we provide to our clients. We are excited to accelerate that trajectory in partnership with Aspen, with our clients’ long-term needs and aspirations guiding everything we do.”
Sherman & Co. was the investment bank for the BlueSky transaction.
The acquisition is the latest in a series by Aspen Standard Wealth since it began operations in late 2024.
Other transactions include MG Financial, SKY Investment Group, , New England Private Wealth Advisors, Martel Wealth Advisors, DHK Financial Advisors, and Summitry.
Aspen Standard Wealth’s approach involves acquiring established RIAs and maintaining their operational independence. The company itself does not operate as a registered investment adviser.
Aspen CEO Aly Kassim-Lakha commented: “BlueSky has built something rare: a firm that has grown steadily for decades by doing the right thing for clients.
“David and his team share our belief that great advisory firms are built for the long term. We are excited to support their next chapter while preserving what has made BlueSky exceptional.”
“Aspen Standard Wealth adds $1bn in assets with BlueSky purchase ” was originally created and published by Private Banker International, a GlobalData owned brand.
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