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BlueSky Wealth Advisors
David L. Blain established the firm in 1999 in New Bern, North Carolina. The predecessor entity D.L. Blain & Co. acquired Pleasanton Financial Advisors in 2013...
BlueSky Wealth Advisors
David L. Blain established the firm in 1999 in New Bern, North Carolina. The predecessor entity D.L. Blain & Co. acquired Pleasanton Financial Advisors in 2013 and rebranded to BlueSky Wealth Advisors. Blain's background as an entrepreneur and military officer shaped the firm's emphasis on fiduciary, unbiased advice drawn from his own capital. The firm deploys capital across real estate, natural resources, and public equities. Confirmed holdings include positions in SCHX, VCSH, SCHZ, and DFAX ETFs as of Q3 2025 filings. It maintains a direct real estate program and guides clients on individual property economics. Geographic focus centers on North America with additional exposure to global natural resources. The firm also holds indicated interests in hedge funds and venture-stage opportunities. BlueSky employs 18 professionals. It maintains membership in NAPFA and the CFA Institute. David Blain serves as Chairman of the Board and Investment Committee Chair at CarolinaEast Health System. In March 2026 Aspen Standard Wealth acquired BlueSky Wealth Advisors. The firm operates through a holding structure that includes BlueSky WA Holdings, LLC. It separates client advisory from founder personal holdings and maintains a charitable giving vehicle focused on education, health, and environment in southeastern North Carolina.
General information
Firm type
Multi Family Office
Year founded
1999
Location
Region
North America
Country
United States
City
New Bern
Corporate office
2131 S Glenburnie Rd, Suite 8, New Bern, North Carolina, United States
Principals
David L. Blain
Founder and CEO
Sector focus
Frequently asked questions
Who runs investment decisions at BlueSky Wealth Advisors?
David L. Blain serves as Founder and CEO and sets overall investment direction. The firm also maintains an Investment Committee at CarolinaEast Health System where Blain acts as chair.
Does BlueSky Wealth Advisors participate in fund commitments or only direct deals?
The firm executes both fund commitments and direct investments. It reports confirmed positions in multiple ETFs and maintains a direct real estate program for clients.
What investment stages does BlueSky Wealth Advisors typically target?
Public equity and real estate form the core. Indicated exposure includes venture capital and hedge funds.
Where does the underlying wealth come from?
The firm originated from founder David L. Blain's personal investment gains after his service as a U.S. Army officer and subsequent entrepreneurial activity.
Does BlueSky Wealth Advisors maintain philanthropic structures?
Yes. It operates a charitable giving strategy that uses donor-advised funds and private foundations focused on education, health, and environment in North Carolina.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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