Kestra’s Bluespring Acquires $1.1B New Jersey Practice

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Bluespring Wealth, the Austin, Texas-based registered concern advisor limb of Kestra Holdings, has acquired Synthesis Wealth Planning, a Kestra Financial-affiliated signifier with $1.1 cardinal successful lawsuit assets, headquartered successful Morristown, N.J. At the aforesaid time, Synthesis has acquired IFG Wealth Strategies, a Raritan, N.J.-based Kestra affiliate with $170 cardinal successful AUM.

The combined signifier expands Bluespring’s beingness crossed New Jersey and Jupiter, Fla. It represents Bluespring’s 5th acquisition this year, and follows 9 deals representing much than $6 cardinal successful AUM successful 2025. 

Synthesis was founded successful 2018 by managing partners Alex Panas, Daniel Singer and Eric Rosenberger. They were affiliated with Summit Equities anterior to that. They’re joined by Director of Wealth Planning and Partner Kim Luthy. 

“When we acceptable our semipermanent extremity of serving 1,000 perfect lawsuit relationships, it became wide that reaching it portion maintaining the level of work our clients expect would necessitate further infrastructure and a spouse that could assistance america standard done some integrated and inorganic growth,” Panas said successful a statement. “Bluespring gives america the scale, expertise, and nationalist web to bash that with confidence.”

IFG was founded successful 1990 by Robert Iola, who was affiliated with Commonwealth Financial Network earlier moving to Kestra successful 2017. Prior to joining Commonwealth, Iola was besides with Summit Equities. 

This follows quality successful February that Bluespring acquired Plymouth, Mass.-based SHP Financial, adding $2.3 cardinal successful assets nether absorption and expanding its beingness successful New England. 

Kestra and its brokerage and advisory affiliates, including Bluespring, oversee $107 cardinal successful assets nether absorption and $170 cardinal successful assets nether advisement. The steadfast does not interruption retired Bluespring’s assets separately.

Private equity steadfast Stone Point Capital took a bulk involvement successful Bluespring from Warburg Pincus successful 2024, and Oak Hill Capital besides owns a number involvement successful the firm.