Washington Trust Expands Wealth Management with Lighthouse Financial Acquisition

In a significant move to bolster its wealth management division, Washington Trust Advisors, Inc. finalized the acquisition of Lighthouse Financial Management, LLC, a well-regarded advisory firm based in Westerly, Rhode Island, on July 31, 2025. This acquisition brings in approximately $190 million in assets under management, complementing Washington Trust’s broader strategy to expand its financial services. The integration of Lighthouse's team into Washington Trust Wealth Management signifies an important step toward enhancing client services. The team from Lighthouse, led by Stephen C. Poplaski, PhD, CPA, CFP®, will join the existing staff at Washington Trust. Their expertise in investment, tax, and retirement planning, combined with a focus on behavioral personal finance, positions them uniquely within the wealth management landscape. Executive Vice President and Chief Wealth Management Officer Kathleen Ryan expressed enthusiasm regarding the merger, stating, "Stephen and his team bring extensive experience in client-focused tax and business planning that is crucial for our clients. We are thrilled about the opportunities this combination presents. With our recent enhancements in technology and resources, we can offer a more comprehensive service experience to our clients." Founded in 2003, Lighthouse Financial was established by Poplaski after a successful tenure in public accounting and tax services. This solid background further amplifies Washington Trust's existing capabilities. Under this transaction, several of Lighthouse's key professionals will transition to Washington Trust, including Vice President and Wealth Advisor Aaron Wade, CFP®, along with Enrolled Agents Paul Drechsler-Martell and Larry 'Matt' Henderson. Together, they will contribute to a more robust financial advisory service aimed at fulfilling the various needs of clients. Washington Trust Wealth Management is noted for managing over $7.2 billion in assets, providing solution-oriented financial planning to a diverse clientele, including individuals, families, foundations, and businesses. This acquisition aligns with the bank’s longstanding commitment to community engagement and financial integrity, fostering enhanced support to New England’s residents. With strategic operations across Rhode Island, Massachusetts, and Connecticut, Washington Trust aims to leverage the enhanced capabilities from this merger to deepen client relationships and expand its market footprint. Founded in 1800, The Washington Trust Company is heralded as the oldest community bank in the United States and has remained a pillar of financial support in New England. Beyond wealth management, Washington Trust offers a wide array of commercial banking and mortgage services, making it a comprehensive banking institution prepared to meet evolving client needs. With the motto of helping improve financial lives, Washington Trust continues to prioritize personalized, trusted service, whether through traditional banking routes or evolving financial advisories. This acquisition exemplifies the bank's continuing growth while affirming its place as a leading financial services provider in the region, making it an exciting development for both Washington Trust and its clients. The promising future of Washington Trust Wealth Management appears assured, with both expansion and community focus firmly in sight as they embark on their journey together with Lighthouse Financial.