Bluespring Wealth has added another planning-led firm to its roster, announcing a deal to bring on Synthesis Wealth Planning, a Kestra Financial-affiliated RIA based in Morristown, New Jersey.
The transaction also folds in IFG Wealth Strategies, a Raritan, New Jersey-based firm that Synthesis had previously acquired, rounding out a combined operation with offices stretching from central New Jersey to Jupiter, Florida and bringing the total AUM from the new acquisition to roughly $1.1 billion in assets.
Synthesis was launched in 2018 by Managing Partners Alex Panas, Daniel C. Singer and Eric K. Rosenberger, who departed a legacy planning firm to build what they described as a full-service, outcomes-focused practice.
The firm has since grown from more than fivefold since it was launched, attributed to organic growth, the hiring of advisors aligned with its planning philosophy, a 2024 practice acquisition and the IFG merger. Kim Luthy, the firm's director of wealth planning, was recently elevated to partner. IFG's founder, Robert Iola, joins through the merger.
"We have been intentional in our approach to growth. When we set our long-term goal of serving 1,000 ideal client relationships, it became clear that reaching it while maintaining the level of service our clients expect would require additional infrastructure and a partner that could help us scale through both organic and inorganic growth," said Alex Panas, Managing Partner, Synthesis Wealth Planning.
Under the arrangement, the Synthesis team will plug into Bluespring's operational and back-office infrastructure, a network of affiliated firms and shared resources — all while retaining its local leadership and existing client service model.
Bluespring President Pradeep Jayaraman pointed to the pace and discipline of Synthesis's growth as a key draw.
"Synthesis stands out not only for its commitment to client-first planning, but for the clarity and discipline with which Alex, Daniel, and Eric have built their business," said Jayaraman. "Going from $200 million to $1.1 billion in eight years is a testament to how thoughtfully they've scaled as a high-performing team in the prime of their career. We're energized to help Synthesis continue to grow what they've built so effectively."
The deal is Bluespring's fifth of the year including a $2.3 billion firm in Massachusetts and bringing Cranford, New Jersey-based Front Porch Financial into existing partner firm US Financial Services, creating a combined $1.7 billion practice. The deals follow a 2025 in which the company struck nine agreements totaling more than $6 billion in assets under management.
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
Also, CAPTRUST adds a $300 million planning team from Sanctuary in its home market of Raleigh, and Sequoia Financial Group buys a Boulder family office.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
