RIA moves: Coldstream adds Oregon-based Cable Hill Partners as Perigon welcomes wirehouse vet in California

RIA moves: Coldstream adds Oregon-based Cable Hill Partners as Perigon welcomes wirehouse vet in California
The Cable Hill Partners team in Oregon.
Also in the West Coast, San Francisco-headquartered Parallel Advisors has bolstered its leadership with two executive hires.
JUN 05, 2025

Coldstream Wealth Management, Perigon Wealth Management, and Parallel Advisors have made moves in the West Coast, with each RIA announcing developments that bolster their client service capabilities and talent infrastructure.

Coldstream welcomes Cable Hill Partners

Coldstream Wealth Management, a Seattle-based RIA with more than $10 billion in client assets, has joined forces with Cable Hill Partners, a Portland, Oregon-based firm overseeing approximately $2 billion. The Cable Hill combination is Coldstream’s third major expansion in Portland and follows its January mergers with Harrison Berkman Claypool & Guard and HBC Financial Services, and its 2023 deal for Seidman Capital Group.

The 29-member Cable Hill team, including 13 advisors and 16 support staff, will become Coldstream shareholders under the agreement. The firm offers investment advisory services to high-net-worth individuals and institutions, with additional focus on retirement plan support.

“Cable Hill’s approach is completely complementary to our comprehensive offerings,” Kevin Fitzwilson, Coldstream’s managing shareholder, said in a statement announcing the move. He added the deal supports Coldstream’s strategy to offer a broad suite of financial services as an employee-owned firm.

Combined, Coldstream now supports $13 billion in client assets, with a deep bench of credentialed professionals across financial planning, investment analysis, and tax and legal specialties.

Perigon adds Merril vet in California

In Southern California, Perigon Wealth Management has recruited Jeremy Kovacs as a managing director and wealth advisor.

Kovacs, a veteran of Merrill Lynch, BNY Mellon, and Wells Fargo, brings over $300 million in client assets and a focus on business transition planning for high-net-worth clients.

“Jeremy’s history of success within the middle market business community enhances our ability to serve this critical segment of the American economy,” said Arthur Ambarik, Perigon’s CEO.

The firm, which reported $8.7 billion in assets as of year-end 2024, continues to expand its national presence – previously, it added $375 million in assets in a March double deal – with support from a capital partnership with Constellation Wealth Capital.

Parallel Advisors deepens executive bench

Meanwhile, San Francisco-based Parallel Advisors has strengthened its leadership bench with the appointment of two senior executives.

Tony Parkin, formerly of Schwab Advisor Services, joins as head of advisors, tasked with driving growth and enhancing client service delivery. Gary Bonner, formerly COO and CTO of Avalon Advisors, takes on the role of head of business analytics and technology.

“These appointments represent a significant milestone in our evolution as full-service advisors to our clients,” said C.J. Rendic, CEO of Parallel Advisors.

Parkin brings 22 years of experience working with RIAs on strategy and business development, while Bonner will lead efforts to optimize the firm’s technology platforms. Parallel manages more than $9 billion in assets and offers integrated investment, tax, and estate planning services.

Latest News

Married retirees could be in for an $18,100 Social Security cut by 2032, CRFB says
Married retirees could be in for an $18,100 Social Security cut by 2032, CRFB says

A new analysis finds long-running fiscal woes coupled with impacts from the One Big Beautiful Bill Act stand to erode the major pillar for retirement income planning.

SEC bars New Jersey advisor after $9.9M fraud against Gold Star families
SEC bars New Jersey advisor after $9.9M fraud against Gold Star families

Caz Craffy, whom the Department of Justice hit with a 12-year prison term last year for defrauding grieving military families, has been officially exiled from the securities agency.

Navigating the great wealth transfer: Are advisors ready for both waves?
Navigating the great wealth transfer: Are advisors ready for both waves?

After years or decades spent building deep relationships with clients, experienced advisors' attention and intention must turn toward their spouses, children, and future generations.

UBS Financial loses another investor lawsuit involving Tesla stock
UBS Financial loses another investor lawsuit involving Tesla stock

The customer’s UBS financial advisor allegedly mishandled an options strategy called a collar, according to the client’s attorney.

Trump's one big beautiful bill reshapes charitable giving for donors and advisors
Trump's one big beautiful bill reshapes charitable giving for donors and advisors

An expansion to a 2017 TCJA provision, a permanent increase to the standard deduction, and additional incentives for non-itemizers add new twists to the donate-or-wait decision.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

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.