Aspen Standard Wealth Acquires $2.9 Billion AUM New England Private Wealth Advisors
Aspen creates permanent RIA partnerships by investing in long-term growth and ensuring lasting stability and support.
NEW YORK – April 8, 2025 – Aspen Standard Wealth, an RIA acquirer that serves as a permanent home and long-term partner for successful RIAs, announced today that it has acquired New England Private Wealth Advisors (NEPWA), a Boston-based RIA with $2.9 billion in assets under management (AUM) as of 12/31/2024.
Founded in 2005, NEPWA is a fee-only RIA that serves high-net-worth individuals and families and institutions with highly customized and integrated 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, ensuring everyone is aligned on the ultimate vision for the business.
“We are incredibly excited to welcome the NEPWA team to the Aspen family,” said Aly Kassim-Lakha, CEO of Aspen. “At Aspen, we partner with successful RIAs like NEPWA to provide the deep support and resources they need to grow their businesses without sacrificing what makes them special to begin with. That is our commitment to our RIA partners, now and long into the future.”
About Aspen Standard Wealth
Aspen Standard Wealth acquires exceptional RIAs, offering a permanent home and a partnership designed to accelerate growth, recruit world-class talent, and preserve the unique legacy of each founder. Our decentralized operating model empowers our RIA partners to thrive independently while realizing their full potential. Aspen Standard Wealth is not a registered investment adviser. Investment advisory services are provided by the RIA partners on Aspen’s platform. Learn more about Aspen Standard Wealth.
About New England Private Wealth Advisors (NEPWA)
NEPWA is an independent, SEC-registered, fee-only investment advisory firm providing unbiased, objective advice. Our clients’ assets are held at nationally recognized firms such as Charles Schwab and Fidelity Investments. In addition to investment services we focus on key planning areas, such as income tax, estate, college, retirement, insurance and philanthropic giving. Learn more about NEPWA.