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US in the news: Coldstream WM and Paracle Advisors merge


A round-up of people moves and M&A deals across North America
M&A
Seattle-based Coldstream WM is to merge with Paracle Advisers.
The combined RIA group, under the Coldstream brand, will have $5.7bn (£4.1bn, €4.7bn) in client assets.
The financial details of the deal were not disclosed.
Kevin Fitzwilson, Coldstream’s managing shareholder, said: “We’re thrilled to partner with Paracle Advisors and to bring our two firms together in what we view as a true merger of equals.
“Successfully combining two leading RIA firms, without inviting private equity or outside equity capital, supports our joint leadership team’s commitment to independence, in spirit, strategy and service to our clients.” ....

United States , Lafayette Square , Broward County , Scottish Borders , United Kingdom , Eric Vainder , Michaela Frantz , Andrew Heald , Kristy Joyce , Bryce Walker , Judith Honaker , Yaniv Bitton , Mark Springett , Elyse Slotnick , John Wise , Ommed Sathe , Bradley Blum , Jesse Witt , Michael Kemp , Kevin Fitzwilson , Glen Gatch , Heald Wealth Management Group , Northern Trust Wealth Management , Wells Fargo , Meridian Group , Coldstream Wealth Management ,