Aspen Standard Wealth, a holding company and long-term partner for independent registered investment advisers, announced that it has acquired BlueSky Wealth Advisors, a New Bern, North Carolina-based RIA with $1 billion in assets under management. The transaction represents Aspen’s seventh RIA partnership since launching in late 2024.
Founded in 1999, BlueSky is a fee-only independent financial advisory firm providing personalized investment management and comprehensive financial planning. The firm focuses on helping clients develop tax mitigation strategies, generate passive income and create lasting legacies.
Aspen said its model centers on acquiring leading RIAs and providing a permanent home that supports long-term growth, talent development and legacy preservation, while enabling firm leaders to operate independently. The company emphasized that it does not pursue acquisitions with the intent to resell, instead investing in enduring partnerships that preserve firm identity and empower leadership.
With the BlueSky deal, Aspen has now completed seven acquisitions since its launch, continuing to build its footprint in the independent wealth management space. Sherman & Co. served as the investment bank for the transaction.
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“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.”
David Blain, CFA, CEO of BlueSky Wealth Advisors
“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.”
Aly Kassim-Lakha, CEO of Aspen Standard Wealth
