Coldstream Capital Management is gaining strength in the Pacific Northwest as it merges with a multibillion-dollar powerhouse advisory practice in Oregon.
On Tuesday, Coldstream announced a merger with Arnerich Massena, a Portland-based investment advisory firm managing around $2 billion in client assets. Post-merger, Coldstream's assets under management will exceed $10 billion.
Arnerich Massena, with a history spanning over 30 years, is led by co-CEOs Reegan Rae and Bryan Shipley. The merger will see Arnerich Massena's seven advisors and 19 staff members become employees and shareholders of Coldstream, rebranded as Team Rae.
"We are delighted to merge with Reegan, Bryan, and the rest of the Arnerich Massena team," Kevin Fitzwilson, Coldstream's managing shareholder said in a statement. "Joining forces with them is consistent with our longtime mergers and acquisitions strategy, which is laser-focused on aligning ourselves with partners who not only share our values and approach to service but are committed to remaining independent and employee-owned."
Team Rae specializes in working with high-net-worth families, individuals, endowments, and foundations, offering portfolio management, investment advisory, and family office-related services such as legacy planning, business exit planning, family governance, and generational wealth planning.
Given his firm’s history and values, Rae said the decision to combine with another firm was one they didn’t come to lightly and was only finalized after they saw Coldstream’s “operating structure, business vision” and “focus on culture rooted in service, intellectual curiosity, and integrity.”
"Merging with Coldstream is a continuation of our core philosophy of only doing that which benefits our clients,” Shipley said. “I am confident this move will enhance our ability to deliver a world-class, boutique-like service experience while still creating new efficiencies, more scale, and expanded investment opportunities for both firms' clients."
This merger follows Coldstream's recent strategic expansions, including the launch of Coldstream Risk Management, formerly known as FIT Insurance, and last year's merger with Seidman Capital Group and Hersman Serles Almond.
Locked out of their offices and told to stay home, employees at the Consumer Financial Protection Bureau have asked the courts to intervene as Elon Musk and Republican leaders move to shut down the agency that was established to protect people from predatory lending and financial scams.
Fintech platform interVal has also introduced a new feature to help advisors support entrepreneurial business owner clients better.
Along with greater revenue, alternative investments also carry risks, one industry lawyer noted.
President Jeff Dobyns unpacks the strategic power of mentorship, what makes an "ideal team player," and how the firm's 89 percent success rate has paid off for veteran advisors.
The Fed chair is in for some "hyper-charged" meetings, with legislators likely to raise questions on tariff threats and apparent steps to comply with anti-DEI orders.
From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.
Blue Vault features expert strategies to harness for maximum client advantage.