Aspire Wealth Advisory Group, a newly launched registered investment adviser (RIA), has officially debuted with more than $100 million in assets under management (AUM), targeting high-net-worth individuals and families seeking institutional-quality wealth management delivered through a boutique advisory model.
The firm was founded by Edward Karan, who brings more than 30 years of experience advising institutions, family offices, executive teams, and affluent clients. Most recently, Karan served as Managing Director and Global Head of Institutional Sales at Citi Global Wealth at Work. He launched Aspire to extend institutional-grade investment management and comprehensive financial planning services to a broader group of wealth creators and high-income professionals who may not meet traditional ultra-high-net-worth thresholds.
Aspire’s approach is designed around serving as a family’s personal chief financial officer (CFO), coordinating investment management, tax planning, estate planning considerations, cash flow, and broader financial decisions. To enhance its capabilities, the firm partners with Obsidian CIO for outsourced institutional investment management, manager due diligence, and operational infrastructure commonly used to support multi-generational family wealth.
The company said surpassing $100 million in AUM shortly after launch reflects strong early demand for its personalized advisory model. Aspire plans to continue expanding its services for clients with domestic and cross-border financial planning needs while investing in technology and strategic partnerships that support institutional-caliber wealth management.
KEY QUOTES:
“Reaching our initial growth targets confirms the demand for a more personalized, institutional-caliber approach to wealth management. Families are looking for a strategic partner who can help coordinate the different parts of their financial lives, and we are excited to continue expanding our impact as we help clients build, preserve, and transfer wealth with confidence.”
Edward Karan, Founder and CEO of Aspire Wealth Advisory Group
“Having managed Edward at Citi, it is incredibly rewarding to watch his vision scale into a business that has flourished so quickly. I am proud to advise Aspire and support the firm’s continued growth.”
Naz Vahid, Co-Chair and President of Oxford Strategic Legal Advisors and Member of Aspire’s Advisory Board
