Tiedemann to acquire $3.4 billion Threshold, which has an interest in impact investing

Founded by the Russell family, Threshold will take an ownership stake in Tiedemann, where it will also remain a client

Oct 12, 2017 @ 2:15 pm

By InvestmentNews

+ Zoom

Tiedemann Wealth Management, a New York-based RIA with $12 billion in assets under advisement, is acquiring Threshold Group, a Seattle-based wealth-advisory firm and family office with $3.4 billion in assets under management that was founded by the Russell family.

Details of the transaction, expected to close in December, were not disclosed. The Russell family will assume an ownership stake in Tiedemann and will retain a relationship as a client. The combined firm will operate under the Tiedemann brand. The acquisition will add Seattle to firm offices in New York, San Francisco, Dallas, Palm Beach, Fla., Washington, D.C. and Wilmington, Del.

The Threshold Group was founded in 1998 by George and Jane Russell after the sale of Russell Investments to Northwestern Mutual. That company was later sold to the parent of the London Stock Exchange, which spun off Russell Investment's asset management business in 2014.

Reflecting the Russell family's interest in impact investing, Threshold Group now directs $1.5 billion of its assets under management to impact investments that focus on companies, organizations and funds that generate measurable social and environmental benefit as well as financial return.

0
Comments

What do you think?

View comments

Recommended for you

Sponsored financial news

Featured video

Events

3 themes shaping your business now

If there are three overriding themes for advisers right now its succession planning, acquisition and hiring millennials. Financial adviser James Loftin discusses how his firm is tackling all three.

Video Spotlight

The Search for Income

Sponsored by PGIM Investments

Recommended Video

Path to growth

Latest news & opinion

T. Rowe Price steps up its game to serve financial advisers

The Baltimore-based mutual fund giant is more aggressively targeting financial advisers with a beefed-up wholesale crew and placement on custodial platforms.

The most important tax changes for 2018

The Internal Revenue Service issued inflation adjustments to more than 50 tax provisions for 2018.

Shift to Roth 401(k)s 'highly likely' part of tax reform: former Treasury official Mark Iwry

Mandated contributions to Roth accounts would likely only be partial, as opposed to having a full repeal of pre-tax accounts.

Another thousand Dow points higher, and investors yawn

Market milestones keep falling like dominoes, with 51 records broken so far this year.

LPL retains $570 million with super-OSJ deal

Kansas-based nVision Wealth will come under supervision of Chicago-based IHT Wealth Management.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print