Bluespring Wealth, the Austin, Texas-based registered investment advisor arm of Kestra Holdings, has acquired Synthesis Wealth Planning, a Kestra Financial-affiliated practice with $1.1 billion in client assets, headquartered in Morristown, N.J. At the same time, Synthesis has acquired IFG Wealth Strategies, a Raritan, N.J.-based Kestra affiliate with $170 million in AUM.
The combined practice expands Bluespring’s presence across New Jersey and Jupiter, Fla. It represents Bluespring’s fifth acquisition this year, and follows nine deals representing more than $6 billion in AUM in 2025.
Synthesis was founded in 2018 by managing partners Alex Panas, Daniel Singer and Eric Rosenberger. They were affiliated with Summit Equities prior to that. They’re joined by Director of Wealth Planning and Partner Kim Luthy.
“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,” Panas said in a statement. “Bluespring gives us the scale, expertise, and national network to do that with confidence.”
IFG was founded in 1990 by Robert Iola, who was affiliated with Commonwealth Financial Network before moving to Kestra in 2017. Prior to joining Commonwealth, Iola was also with Summit Equities.
This follows news in February that Bluespring acquired Plymouth, Mass.-based SHP Financial, adding $2.3 billion in assets under management and expanding its presence in New England.
Kestra and its brokerage and advisory affiliates, including Bluespring, oversee $107 billion in assets under management and $170 billion in assets under advisement. The firm does not break out Bluespring’s assets separately.
Private equity firm Stone Point Capital took a majority stake in Bluespring from Warburg Pincus in 2024, and Oak Hill Capital also owns a minority stake in the firm.
