Bluespring Wealth has agreed to acquire Synthesis Wealth Planning, a Kestra Financial-affiliated advisory firm based in Morristown, New Jersey.
Financial terms of the deal remain undisclosed.
Synthesis had earlier acquired another Kestra-affiliated business, IFG Wealth Strategies of Raritan, New Jersey. Including IFG, the combined practice oversees about $1.1bn in assets.
The transaction extends Bluespring’s footprint in New Jersey and Jupiter, Florida.
The acquisition is Bluespring’s fifth announced deal of 2026.
In 2025, the company completed nine acquisitions involving more than $6bn in AUM.
Synthesis was set up in 2018 by managing partners Alex Panas, Daniel C. Singer and Eric K. Rosenberger after they departed a legacy planning firm to establish a planning-led advisory business.
Panas said: “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.
“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.”
Since its launch, Synthesis’ assets have increased from about $200m to around $1.1bn.
The firm’s services cover financial planning, portfolio management and insurance.
As part of the deal, the enlarged Synthesis team will gain access to Bluespring’s operations and back-office resources, shared working methods and its network of partner firms.
Synthesis will retain its local leadership as well as core service model.
Bluespring Wealth president Pradeep Jayaraman 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.
“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.”
In February, Bluespring purchased SHP Financial, a firm based in Massachusetts that manages about $2.3bn in assets for mass-affluent and high-net-worth clients.
“Bluespring adds $1.1bn in assets with New Jersey-based Synthesis” was originally created and published by Private Banker International, a GlobalData owned brand.
