Seattle-Based Coldstream, Paracle Combine to Create $5.7B RIA The merger of Coldstream Wealth Management and Paracle Advisors was done without private equity or outside equity capital and preserves its employee ownership structure.
Two Seattle-area registered investment advisors are coming together to create a $5.7 billion wealth management firm. Seattle-based Coldstream Wealth Management, with $4.3 billion in client assets, announced it will merge with Mercer Island, Wash.–based Paracle Advisors, an RIA with about $1.4 billion in client assets, under the Coldstream brand. The deal was completed with no private equity or outside equity capital, and the combined firm will remain 100% employee-owned.
“When we talk about private equity and the consolidators and the different options available to RIA business owners to deal with some of these issues around succession planning and the need to scale, we believe it’s really important and unique, as we learned from our experi