Aspen Standard Wealth Acquires $1B North Carolina RIA

Aspen Standard Wealth has acquired BlueSky Wealth Advisors, a New Bern, North Carolina-based registered investment advisor overseeing approximately $1 billion in assets under management. 

Founded in 1999, BlueSky operates as a fee-only independent advisory firm focused on investment management and comprehensive financial planning. The firm emphasizes tax mitigation strategies and passive income planning as core elements of its client offering. 

“BlueSky has achieved steady growth over the last 25 years because of the highly personalized, 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,” said David Blain, CFA, CEO of BlueSky. 

Aspen executives said the acquisition reflects a shared long-term approach to advisory growth. 

“BlueSky has built something rare: a firm that has grown steadily for decades by doing the right thing for clients,” said Aly Kassim-Lakha, CEO of Aspen. “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.” 

The deal marks Aspen’s seventh acquisition since launching in late 2024. The firm has also acquired MG Financial, SKY Investment Group, New England Private Wealth Advisors, Martel Wealth Advisors, DHK Financial Advisors and Summitry as it continues building a national RIA platform. Sherman & Co. served as the investment bank for this transaction.