Greenspring Advisors, LLC and Wealthstream Advisors, Inc. have completed an all-stock merger, creating a combined, employee-owned RIA with more than $10 billion in assets under management.
The newly merged firm, which will operate as Greenspring Advisors brings together approximately 70 professionals, including 23 partners. Although the merger represents a significant milestone, it comes after more than a decade of collaboration between the two firms.
“This partnership is the natural next step in a relationship that has been growing for over ten years,” says Pat Collins, co-founder of Greenspring Advisors. “We share a deep belief in creating a firm where team members can grow, lead, and thrive over the long term - while remaining independent and always putting clients first.”
The strategic goal behind the merger is to expand resources, deepen expertise, and enhance the firm’s ability to serve clients comprehensively.
Key to this is protecting the two firms’ values and maintaining both independence and a commitment to employee ownership, which is a driving force behind the decision to pursue growth through partnership rather than sell to a private equity buyer, which is an option for many firms although not necessarily the right path forward for some independent firms.
Dan Seivert, CEO & managing partner of Echelon Partners, which served as the exclusive financial advisor to both firms, says that the merger partners are experienced in growth through M&A.
“Collectively, they have completed six mergers, driving meaningful improvement for clients, team members, and shareholders. Their combination unlocks scale, deepens capabilities, and positions the combined firm for long-term success,” he says.
The firm will maintain offices in Towson, Maryland; New York, New York; Lancaster, Pennsylvania; and Paramus, New Jersey, serving both private and institutional clients.
Approximately $4.3 billion of its assets come from private clients, with another $6 billion from institutional mandates, the firm reports.
Zocks has inked an exclusive partnership with mega-RIA Hightower, while Jump becomes the choice AI operating system for Equitable Advisors' field force.
The agency's proposal to rescind the contentious 2024 Biden-era mandate opens up a 60-day public comment period.
The Carmel, Indiana RIA grew nearly 150% in assets since severing ties with its first backer following a FINRA dispute.
Meanwhile, Raymond James' employee arm adds a defector from D.A. Davidson, and South Carolina-based RIA Ballast Rock Private Wealth recruits a new advisor.
A FINRA arbitration panel sided with a former wealth manager fired over a $642 deli platter and a disputed client event.
As $84 trillion prepares to change hands, advisors who treat estate planning as peripheral are quietly building a sieve, not a book.
In volatile markets, the advisors who win aren't the ones with the best calls - they're the ones whose clients stay the course.
