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.
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