Aspen Standard Wealth, an RIA acquirer that serves as a permanent home and long-term partner for RIAs, announced that it has acquired New England Private Wealth Advisors (NEPWA), a Boston-based RIA with $2.9 billion in assets under management (AUM) as of December 2024.
Founded in 2005, NEPWA is a fee-only RIA that serves high-net-worth individuals, families, and institutions with highly customized and integrated investment advisory and wealth planning services.
Aspen’s framework represents a new and permanent approach to partnering with RIAs. Unlike other acquirers, Aspen partners with RIAs for the long term, not to resell, ensuring everyone is aligned on the ultimate vision for the business.
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“We are thrilled to join forces with the team at Aspen to further our growth trajectory and continue to provide our clients with comprehensive wealth planning services. Aspen is exactly the partner we were looking for to retain our brand and culture, but also position NEPWA for the next stage of growth, to the benefit of our clients and team members alike.”
- Ira Rapaport, CEO of NEPWA
“We are incredibly excited to welcome the NEPWA team to the Aspen family. At Aspen, we partner with successful RIAs like NEPWA to provide the deep support and resources they need to grow their businesses without sacrificing what makes them special to begin with. That is our commitment to our RIA partners, now and long into the future.”
- Aly Kassim-Lakha, CEO of Aspen
