Former Commonwealth-Affiliated Firm With $800M AUM Joins Kestra Financial
Kestra Financial announced that Grandview Partners, a Westwood, Mass.-based firm whose personnel manage approximately $800 million in assets under management, has joined its community of independent financial advisers. The firm was previously affiliated with Commonwealth Financial Network.
Founded in 2019 by Douglas Mavilia, Timothy Ryan, and Peter Smith, the firm now serves approximately 650 client households. The firm has expanded its advisory team with the addition of advisers Dan Sparta and Peter Donohoe, which the founders said has strengthened the firm’s depth and capacity. Additional team members include Lindsey Hardy, director of operations, who oversees onboarding, asset transfers, and client service coordination.
Grandview’s 10-member team supports a variety of clients, including individuals, families, and business owners. The firm employs a comprehensive planning and investment approach in which the full team supports service and communication, aiming to deliver consistent, high-quality guidance as their needs evolve.
Grandview selected Kestra Financial for its accessible support teams and cultural alignment, allowing the firm to maintain its client-service philosophy while enhancing operational scale. The transition from Commonwealth preserves Grandview’s existing team, planning process, and client relationships, ensuring continuity of service.
“Kestra’s approach and commitment to accessible, high-quality service were clear from the start,” said Mavilia. “Their culture aligns with how we serve our clients – collaboratively, consistently, and with attention to the details that matter. This partnership strengthens our ability to deliver on that promise.”
Kestra Financial’s head of business development, James Collins, also expressed enthusiasm for the partnership: “Grandview Partners reflects the kind of firm that excels at Kestra: relationship-driven, growth-minded, and committed to client care. We’re proud to welcome them and look forward to supporting their continued success.”
In April 2025, AltsWire reported that Kestra Financial had added 26 financial professionals who collectively oversee more than $2.4 billion in AUM in the first quarter of 2025. The group represents 16 firms. More recently, Bluespring Wealth Partners, a subsidiary of Kestra Holdings and acquirer of independent and hybrid registered investment adviser firms, announced the acquisition of fellow Kestra Holdings affiliate Signature Wealth. Based in Pittsburgh, the financial professionals with Signature Wealth currently oversee approximately $1.41 billion in client assets.
Kestra Financial is an independent wealth management platform headquartered in Austin, Texas. A division of Kestra Holdings and established in 1997, the firm oversees $142 billion in assets under advisement through its subsidiaries.
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