STANDARD PRESS RELEASE
CONTACT INFORMATION:
Greenspring Advisors
Erin McCabe, CDMP
443-564-4600 | erin.mccabe@greenspringadvisors.com
RELEASE DATE:
October 6, 2025
FOR IMMEDIATE RELEASE
Greenspring Advisors, LLC and Wealthstream Advisors, Inc. Announce Strategic Merger to Form Independent, Employee-Owned Firm Focused on Long-Term Client Success
Towson, MD – October 6, 2025 – Greenspring Advisors, LLC and Wealthstream Advisors, Inc. are pleased to announce an all-stock strategic merger uniting two client-centric firms with a shared vision for the future of independent wealth management. The combined entity will operate under the name Greenspring Advisors, LLC, and have over $10 billion in assets across the private client and institutional client businesses, 70 team members, and will remain proudly employee-owned, with 23 partners as of October 1, 2025.
Over the years, Greenspring and Wealthstream have collaborated, exchanged best practices, and developed aligned investment and planning philosophies.
“This partnership is the natural next step in a relationship that has been growing for over ten years,” said Pat Collins, Co-Founder of Greenspring Advisors. “We share a deep belief in creating a firm where team members can grow, lead, and thrive over the long term—while remaining independent and always putting clients first.”
Why Merge?
A Shared Vision, Years in the Making:
This merger is rooted in mutual respect and shared values. Both are aligned in their commitment to comprehensive, thoughtful planning and evidence-based investing.
Expanded Resources for Clients and Team Members:
The combined firm is dedicated to attracting, developing, and retaining the industry’s top talent, and will offer more specialized roles, allowing team members to develop their expertise and deliver even more personalized service to clients. Over time, we will be strongly positioned to launch new services and capabilities.
Sustaining Long-Term Employee Ownership:
Independence and employee ownership remain central to the firm’s identity, helping preserve a culture and key decision-making focused on clients—not outside shareholders. Our goal is to build a multi-generational firm that endures for decades to come.
Setting a New Standard in Advisor Development:
The merged firm is investing heavily in creating the leading talent development program in the RIA industry—centered on technical excellence, relationship building, and clear communication. This commitment reflects a people-first approach, in contrast to the M&A-driven growth strategies common in larger firms.
“Our goal is to build the best place for both clients and team members,” said Michael Goodman, Founder of Wealthstream Advisors. “This merger strengthens our ability to deliver world-class service and to continue building a sustainable firm owned by the people doing the work.”
“This merger underscores the strategic strength of uniting two highly respected firms that have consistently demonstrated core competencies in driving industry-leading growth. Collectively, they have completed six mergers, driving meaningful improvement for clients, team members, and shareholders. Their combination unlocks scale, deepens capabilities, and positions the combined firm for long-term success,” said Dan Seivert, CEO & Managing Partner of ECHELON Partners.
ECHELON Partners served as the exclusive financial advisor to the companies in the merger and was compensated for its service in the transaction. This quote referenced above was given on September 15, 2025.
About the Combined Firm
Greenspring Advisors, LLC is an independent, employee-owned wealth management firm serving both private and institutional clients. With over $10 billion in total assets, including $4.3 billion in private client assets and $6 billion in institutional assets, the firm provides comprehensive financial planning, investment management services, and retirement plan consulting. Greenspring Advisors employs 70 team members across four offices in Towson, MD; New York, NY; Lancaster, PA; and Paramus, NJ.
Greenspring Advisors is a registered investment adviser (RIA) with the SEC and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. Information contained herein has been obtained from sources considered reliable, but its accuracy and completeness are not guaranteed. It is not intended as the primary basis for financial planning or investment decisions and should not be construed as advice meeting the particular investment needs of any investor. This material has been prepared for information purposes only and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. Past performance is no guarantee of future results.
