New England Private Wealth Advisors (NEPWA), a Boston-based registered investment advisor serving high-net-worth families and institutions, has announced the acquisition of DHK Financial Advisors, a well-established RIA headquartered in Portsmouth, New Hampshire. As of June 30, 2025, DHK managed $1.6 billion in assets, and the combined firm will now oversee nearly $5 billion in total assets under management.
Founded in 2005, NEPWA operates as a fee-only advisory firm, offering deeply personalized investment and wealth planning services. Its approach emphasizes integration across financial disciplines, including income tax, estate, retirement, and insurance planning. The acquisition of DHK strengthens NEPWA’s institutional capabilities and broadens its geographic footprint across New England.
DHK, founded in 1993, has built a reputation as a trusted outsourced chief investment officer for a wide range of institutional clients. These include charitable organizations, associations, endowments, foundations, and retirement plans. With more than 70 clients under management, DHK brings decades of experience and a disciplined investment philosophy to the NEPWA platform.
This deal follows NEPWA’s own acquisition earlier this year by Aspen Standard Wealth, a long-term RIA consolidator focused on building a permanent home for successful advisory firms.
Aspen Standard provides back-office, marketing, and compliance support while allowing acquired firms to retain their brand identity and client service models. The addition of DHK further supports Aspen’s strategy of scaling high-quality advisory platforms with deep institutional expertise.
KEY QUOTES:
“In DHK we have found a partner that shares our values, true fiduciary mindset, and singular focus on client success. We could not be more pleased and excited about what the future holds for our clients and team members alike.”
Ira Rapaport, CEO of NEPWA
“NEPWA is exactly the firm we’ve been looking for to position ourselves for long-term growth and provide our clients with the scale, deep bench of professional talent, and extensive wealth management expertise needed to take our suite of services to the next level.”
Tim Dempsey, President and CIO of DHK Financial Advisors
