Seattle-based Coldstream Wealth Management has added Seidman Capital Group, a wealth management firm overseeing $250 million in client assets, and Hersman Serles Almond, an accounting and consulting firm, it announced Monday.
Both firms are based in Kirkland, Washington, and will expand Coldstream’s footprint in the Pacific Northwest. And both were co-founded by Victoria Serles, a CPA with more than 40 years of financial services experience.
Seidman Capital Group, founded in 2004, has five advisors and three staffers. Hersman Serles Almond, which was founded in 1980, has 17 financial professionals and provides services such as trust and estate planning for households and succession planning and valuations for business, in addition to tax preparation.
“Merging with Coldstream comes at the ideal phase of our respective businesses,” Serles said in a statement. “The firm understands how we operate, the value-add that sophisticated tax services can bring to wealth management clients and how a truly comprehensive financial services company can stand out as a destination of choice for top talent who continually seek new challenges in order to grow throughout their careers.”
As other states curb non-competes, the East Coast growth hub could soon become the most employer-friendly jurisdiction in the US.
Last summer, the two, David Gentile and Jeff Schneider, were found guilty of fraud in federal court in Brooklyn and received their sentencing today.
Early parenthood linked to lower fulfillment and fewer leadership roles, despite otherwise strong industry-wide support.
“It's the Golden Age, we're all blessed that this is where we are, what we do for a living, and that the sun is shining on the transition towards the RIA space," Creative Planning CIO Jamie Battmer said at a forum hosted by Goldman Sachs.
Strategists expect municipal bonds to best Treasuries during the four-month window from May until August, following a historical trend.
From direct lending to asset-based finance to commercial real estate debt.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
