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Deals Of The Day: The Latest In Wealth Management M&A – Aspen Standard Wealth, Savant Wealth Management
Editorial Staff
7 August 2025
Aspen Standard Wealth Founded in 2005, NEPWA is a fee-only RIA that serves high-net-worth individuals and families and institutions with customized investment advisory and wealth planning services. “We are thrilled to join forces with the team at Aspen to further our growth trajectory and continue to provide our clients with comprehensive wealth planning services,” said Ira Rapaport, CEO of NEPWA. “Aspen is exactly the partner we were looking for to retain our brand and culture, but also position NEPWA for the next stage of growth, to the benefit of our clients and team members alike.” Aspen’s framework represents a new and permanent approach to partnering with RIAs. Unlike other acquirers, Aspen partners with RIAs for the long term, not to resell. Savant Wealth Management The acquisition also supports Savant’s strategy to build specialization in industries and life stages where clients require more customized solutions. “We began our niche focus in 2021 by acquiring a firm that serves university professionals, and since then, we have added specializations to serve public company executives, high-net-worth women who are divorcing or are divorced, and care for aging family members,” said Brent Brodeski, CPA, CFP®, CFA®, founder and CEO of Savant. “Adding Parkworth to our roster will help us sharpen our skills to serve the needs of tech professionals as the industry navigates a pivotal moment with the development of AI and the shifting landscape of work. As we embrace AI in the growth of our own business, we look forward to how it can help empower us to provide tech-enabled advice with a distinctly human touch.” Parkworth Wealth Management, located in Los Gatos, marks Savant’s second location in California. In September 2024, Fullerton-based Kemp Financial Management also joined the firm. With Parkworth, Savant now has 44 offices in 19 states and a coast-to-coast presence.
New York-head quartered Aspen Standard Wealth, an RIA acquirer that serves as a permanent home and long-term partner for successful RIAs, has acquired New England Private Wealth, a Boston-based RIA with $2.9 billion in assets under management.
Savant Wealth Management, a fee-only registered investment adviser , has acquired Parkworth Wealth Management, a fee-only boutique firm with about $216 million in assets under management. Parkworth offers wealth management services to families and individuals in the tech industry throughout the San Francisco Bay Area and beyond. Savant did not disclose terms of the deal.