Austin, Texas-based Kestra Holdings subsidiary Bluespring Wealth Partners on Wednesday announced the acquisition of Kestra-affiliated firm Synthesis Wealth Planning, headquartered in Morristown, New Jersey.
Combined with fellow Kestra-affiliated firm IFG Wealth Strategies of Raritan, New Jersey, previously acquired by Synthesis, the acquisition adds about $1.1 billion in client assets to Bluespring, it said.
The addition expands Bluespring’s presence with offices across New Jersey and Jupiter, Florida, the firm pointed out.
The transaction marks Bluespring's fifth M&A announcement this year after completing nine transactions representing over $6 billion in assets under management (AUM) in 2025.
Synthesis was founded in 2018 by Managing Partners and Wealth Planners Alex Panas, Daniel C. Singer and Eric K. Rosenberger, after they left Summit Financial Resources, according to BrokerCheck.
Kim Luthy also joined Synthesis as its Director of Wealth Planning. She was recently named Partner, according to Bluespring and Synthesis.
Through the IFG merger, Robert Iola, who serves clients in central New Jersey, also joins Synthesis, Bluespring said.
"We have been intentional in our approach to growth,” Panas said in a news release announcing Bluespring’s purchase of Synthesis. “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.”
He added, “Bluespring gives us the scale, expertise, and national network to do that with confidence. Welcoming Robert and the IFG clients into our practice is a reflection of finding the right partners who share our values and complement what we’ve established.”
The Synthesis acquisition closed on April 1, Pradeep Jayaraman, President of Bluespring, told WSR by email.
IFG will take on the Synthesis brand name, “cobranded with Bluespring: ‘Synthesis Wealth Planning, a Bluespring Wealth Partner,’” he said.
“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,” Jayaraman said in the news release.
“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,” according to Jayaraman. “We’re energized to help Synthesis continue to grow what they've built so effectively.”
Last year’s deals included Bluespring’s acquisitions of Kestra Financial-affiliated firm Front Porch Financial in Cranford, New Jersey, and Pittsburgh-based Coghill Investment Strategies, each of which closed in 2025 but were announced in January.
Bluespring also announced the acquisition of RIA SHP Financial, a Plymouth, Massachusetts-based financial planning firm overseeing about $2.3 billion in client assets in a deal that Jayaraman told WSR in February closed on Dec. 31.
In March, Bluespring announced that Pittman Financial Group and its team, led by founder Page Pittman and Client Service Administrator Elizabeth Eagle, would merge into Security Financial Management (SFM), an existing Bluespring firm. At the time, Bluespring said Pittman oversaw more than $60 million in client AUM, increasing the total assets managed by SFM advisors to $1.3 billion.
Firms affiliated with Bluespring collectively hold over $30 billion in AUM, Jayaraman told WSR on Wednesday.
“We maintain a robust, active pipeline and take a disciplined approach to partnerships.” – Pradeep Jayaraman, President, Bluespring
He added, “We maintain a robust, active pipeline and take a disciplined approach to partnerships. By aligning with firms that share our values, growth mindset, and strategic vision, we’re able to scale thoughtfully while preserving service quality and a long-term perspective.”
Jeff Berman, Contributing Editor and Reporter at Wealth Solutions Report, can be reached at jeff.berman@wealthsolutionsreport.com.
