BlueSky Wealth Advisors

What BlueSky Wealth Advisors does

BlueSky Wealth Advisors, LLC is a fee-only, NAPFA-registered, SEC-registered investment advisor headquartered in New Bern, North Carolina, founded in 1999 by David L. Blain, CFA. The firm serves high-net-worth individuals and families with $5M-$50M in net worth across four targeted personas: established business owners, successful medical practitioners, high-earning executives, and military service members and retirees. BlueSky operates a consultative, relationship-based distribution model that combines in-person and virtual advisory engagements, leveraging referrals, NAPFA/FPA/CFA Institute affiliations, thought leadership content, and a complimentary second opinion offering as lead-generation channels.

The firm's core offering integrates three service lines under two proprietary product brands: BlueSky Planning, a financial planning methodology structured around Life Stages Planning Modules and Financial Planning Checklists; BlueSky Investing, an evidence-based investment management process using proprietary portfolio models anchored in Nobel Prize-winning academic research, low-cost ETFs, and disciplined rebalancing; and Tax Preparation services spanning individual, business, and entity returns. Underlying technology is built on a third-party RIA stack: Orion for portfolio management, MoneyGuideElite for planning, Holistiplan for tax projections, Advisor Engine (formerly Junxure) as CRM, Red Black Trading for execution, Citrix ShareFile for document management, and Schwab custody, with a BlueSky Port client portal and mobile app on iOS and Android for end-client access.

BlueSky generates revenue primarily through quarterly flat fees determined by a proprietary Complexity-Based Pricing Calculator that weighs stage of life, profession, family size, income, and net worth, with a published $2,500 quarterly minimum. Tax preparation is billed separately as a professional services fee. In March 2026, BlueSky was acquired by Aspen Standard Wealth, LLC, an Alpine Investors-backed RIA holding company, bringing approximately $1B in AUM and 350+ client households into a network of seven RIA firms collectively managing ~$14B; David L. Blain continues as CEO post-acquisition.

Name

BlueSky Wealth Advisors

Legal name

BlueSky Wealth Advisors, LLC

Website

https://blueskywa.com

Company type

Private

Founded year

1999

Operating status

Acquired

Headcount range

11–50 employees

Short description

BlueSky Wealth Advisors is a fee-only, NAPFA-registered RIA in New Bern, NC providing integrated financial planning, evidence-based investment management, and tax preparation to 350+ HNW households ($5M-$50M net worth) nationwide, acquired by Aspen Standard Wealth in March 2026.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Private Banking & UHNW Wealth Advisory (FSAEABAC)

akta.pro secondary industry

Private Banking Advisory & Discretionary Portfolio Management (FSABADAD)

Keywords

• Financial planning services
• Investment management
• Wealth management
• Tax preparation
• Fiduciary advisory

Headquarters

HQ city

New Bern

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Flat Fee Financial Planning: Quarterly flat fee based on complexity of client situation (stage of life, profession, family size, income, net worth). This is the primary revenue stream and aligns firm interests with client outcomes rather than asset accumulation.
2. Tax Preparation Services: Tax return preparation offered as a separate service for current clients. Includes personal, business (C Corporation, LLC, Partnership, S Corporation), and rental property returns. Pricing determined at completion based on complexity.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

BlueSky Wealth Advisors is a fee-only, NAPFA-registered independent Registered Investment Advisor delivering integrated wealth management through two core offerings: BlueSky Planning (comprehensive financial planning methodology providing Personal CFO services including goal planning, tax strategy, estate planning, and insurance analysis) and BlueSky Investing (evidence-based investment management using proprietary portfolio models built on Nobel Prize-winning academic research). Tax preparation services are available as an integrated add-on, and clients access their accounts via the BlueSky Port digital portal.

Product overview

BlueSky Wealth Advisors is a fee-only, NAPFA-registered independent Registered Investment Advisor offering integrated wealth management services through two proprietary core products: BlueSky Planning (comprehensive financial planning methodology providing Personal CFO services including goal planning, tax strategy, estate planning, and insurance analysis) and BlueSky Investing (evidence-based investment management using proprietary portfolio models). Tax preparation services are available as an integrated add-on. Clients access their accounts via the BlueSky Port digital portal. The firm was founded in 1999 and serves clients nationwide from New Bern, North Carolina headquarters.

Differentiator

Problem solved

Functional benefit

Brands

• BlueSky Planning: BlueSky's proprietary financial planning methodology that simplifies, organizes, and clarifies the complexities of clients' financial lives, incorporating Life Stages Planning Modules and Financial Planning Checklists.
• BlueSky Investing

Products and services

• BlueSky Planning

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Charles Schwab & Co.coreTechnology or IntegrationSchwab serves as the custodial platform for client accounts. BlueSky describes the fee-only RIA model as requiring independence, with Schwab supporting this custody function.
• National Association of Personal Financial Planners (NAPFA)coreStrategic or Co-development PartnerBlueSky is NAPFA-registered, meeting the highest fiduciary standards in the profession. NAPFA membership requires adherence to fee-only compensation and fiduciary requirements.
• Financial Planning AssociationminorStrategic or Co-development PartnerProfessional association partnership connecting BlueSky with the broader financial planning community.
• CFA InstituteminorStrategic or Co-development PartnerBlueSky's founder and several team members hold CFA designations. Partnership provides credibility and continuing education resources.
• Fee-Only NetworkminorChannel Partner/ Reseller/ DistributorPartnership with NAPFA showcasing fee-only advisor expertise and promoting consumer awareness of the fee-only model.
• CFP BoardminorStrategic or Co-development PartnerMultiple team members hold CFP certification, the recognized standard of excellence for personal financial planning.
• New Bern Area Chamber of CommerceminorStrategic or Co-development PartnerLocal chamber membership supporting community engagement and business networking in the New Bern, NC area.
• InvestopediaminorStrategic or Co-development PartnerIndustry content partnership providing financial education resources and thought leadership visibility.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Carson Wealth: Independent RIA platform serving HNW households with fee-based planning and investment management. Carson is directly comparable as a fee-based, planning-led RIA in a similar stage of consolidation, and it shares market overlap with BlueSky in the HNW advisory segment.
• Mariner Wealth Advisors: Large independent RIA delivering comprehensive financial planning, investment management, and tax services to HNW individuals and families. Comparable to BlueSky in offering integrated planning + investment + tax under one roof for a similar HNW target market.
• Buckingham Strategic Wealth: Fee-only RIA providing financial planning and evidence-based investment management to HNW households. Directly comparable to BlueSky in fiduciary model, evidence-based investing philosophy, and HNW client focus.
• Savant Wealth Management: Mid-sized fee-only RIA offering financial planning, investment management, and tax services to HNW individuals and families. Comparable to BlueSky in fee-only RIA structure and integrated planning + investment + tax service stack.
• Moneta Group: Independent fee-only RIA serving HNW individuals and families with integrated financial planning, investment management, and tax services. Closely comparable to BlueSky in target market, fee-only model, and integrated service stack.
• Sequoia Financial Group: Fee-only RIA offering comprehensive financial planning, investment management, and tax services to HNW clients. Directly comparable to BlueSky on fee-only RIA positioning, integrated service stack, and HNW target market.

Broad incumbents

• Creative Planning: One of the largest independent, fee-only RIAs in the U.S., serving HNW and UHNW clients with comprehensive wealth management. Overlaps BlueSky on fee-only fiduciary positioning and integrated planning, though at significantly greater scale and breadth.
• CAPTRUST: Independent RIA providing investment management and financial planning to HNW individuals and institutional clients. Comparable to BlueSky on fee-based RIA model and evidence-based portfolio construction, with overlap on the HNW segment.
• Focus Financial Partners: RIA rollup platform partnering with independent wealth management firms, including many HNW-focused fiduciary RIAs. Comparable to BlueSky as an example of the broader RIA rollup ecosystem into which BlueSky was acquired.
• Wealth Enhancement Group: RIA rollup acquiring independent wealth management firms serving HNW clients. Comparable to BlueSky as part of the industry consolidation thesis and HNW target market, though at much larger post-rollup scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/blueskywealth
• Facebookfacebook.com/blueskywealthadvisors

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BlueSky Wealth Advisors