Coldstream Wealth Management has broadened its planning capabilities with the launch of a new risk planning division.
The Seattle-based independent has unveiled a new unit, Coldstream Risk Management, marking a fresh expansion of its client services. Previously known as FIT Insurance, this subsidiary will now be fully integrated into Coldstream’s service offerings.
The newly launched Coldstream Risk Management aims to address the specific challenges and situations of individual clients, providing independent, personalized risk models and insurance solutions designed to meet immediate needs and allow for future scalability of their coverage.
Leading the team is Peter Beeson, who brings over thirty years of experience in risk management and private client insurance.
Based in Bellevue, the team also includes Cynthia Rux, Sabrina Cross, Alanna Quinn-Jones, and Tanya Jimenez, all of whom will offer hands-on support for the solutions provided.
The new risk and insurance unit builds on a strategic move last year, wherein Coldstream expanded its services through mergers with Seidman Capital Group, a wealth management firm, and Hersman Serles Almond, an accounting and consulting services firm.
All together, the three units are set to enhance value for clients by providing streamlined processes and personalized service across all aspects of their financial lives.
"A completely integrated approach to a client's financial well-being, grounded in an understanding of opportunities, risks, and liabilities, will result in far better outcomes for clients than when these services are considered separately," Beeson said in a statement.
He highlighted the importance of a broad-based approach to generational wealth, which brings together several aspects of planning to build and protect assets over time.
"Bringing together wealth, risk, and tax management under Coldstream enhances our ability to provide holistic wealth management and risk management services for our clients," he said. Coldstream Wealth Management, established in 1996, remains an employee-owned and independently operated firm, trusted by high-net-worth clients.
"This shouldn’t be hard to ban, but neither party will do it. So offensive to the people they serve," RIA titan Peter Mallouk said in a post that referenced Nancy Pelosi's reported stock gains.
Elsewhere, Sanctuary Wealth recently attracted a $225 million team from Edward Jones in Colorado.
The giant hybrid RIA is elevating its appeal to advisors with a curated suite of alternative investment models, offering exposure to private equity, private credit, and real estate.
The $40 billion RIA firm's latest West Coast deal brings a veteran with over 25 years of experience to its legacy division for succession-focused advisors.
Invictus fund managers allegedly kept $10 million in plan assets after removal, setting off a legal fight that raises red flags for wealth firms.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.