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New Bern Today
By the People, for the People
Aspen Standard Wealth Acquires BlueSky Wealth Advisors
The $1 billion deal expands Aspen's RIA portfolio in North Carolina
Published on Mar. 4, 2026
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Aspen Standard Wealth, a financial services firm, has acquired BlueSky Wealth Advisors, a registered investment adviser based in New Bern, North Carolina. BlueSky manages $1 billion in assets and specializes in investment management and financial planning, with a focus on tax strategies, passive income, and legacy planning. The financial terms of the deal were not disclosed.
Why it matters
The acquisition is part of Aspen Standard Wealth's strategy of acquiring established RIAs and maintaining their operational independence. The deal expands Aspen's presence in North Carolina and adds significant assets under management to its growing portfolio of advisory firms.
The details
BlueSky Wealth Advisors was founded in 1999 and has achieved steady growth over the past 25 years by providing highly personalized, holistic financial advice to its clients. The firm specializes in investment management, financial planning, tax strategies, passive income, and legacy planning. Aspen Standard Wealth, which began operations in late 2024, has been actively acquiring RIAs, including MG Financial, SKY Investment Group, New England Private Wealth Advisors, Martel Wealth Advisors, DHK Financial Advisors, and Summitry.
- Aspen Standard Wealth began operations in late 2024.
- BlueSky Wealth Advisors was founded in 1999.
The players
Aspen Standard Wealth
A financial services firm that acquires and maintains the operational independence of established registered investment adviser (RIA) firms.
BlueSky Wealth Advisors
A registered investment adviser based in New Bern, North Carolina, that manages $1 billion in assets and specializes in investment management and financial planning.
David Blain
The CEO of BlueSky Wealth Advisors.
Aly Kassim-Lakha
The CEO of Aspen Standard Wealth.
What they’re saying
“BlueSky has achieved steady growth over the last 25 years because of the highly personalised, 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, CEO, BlueSky Wealth Advisors (Yahoo Finance)
“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, Aspen Standard Wealth (Yahoo Finance)
The takeaway
The acquisition of BlueSky Wealth Advisors by Aspen Standard Wealth demonstrates the ongoing consolidation in the registered investment adviser (RIA) industry, as larger firms seek to expand their reach and assets under management by acquiring established, successful RIAs. The deal highlights Aspen's strategy of maintaining the operational independence of the firms it acquires, while providing them with additional resources and support to drive further growth.
