Announced
Financials
Tags
Acquisition
registered investment advisor
Majority
United States
Single Bidder
Private
Friendly
Merger
Asset Managers and Custodians
Domestic
Pending
Synopsis
Coldstream Wealth Management, an employee-owned, independently operated wealth management firm, agreed to merge with Paracle Advisors, a wealth management company. Financial terms were not disclosed. "We're thrilled to partner with Paracle Advisors and to bring our two firms together in what we view as a true merger of equals. Successfully combining two leading RIA firms, without inviting private equity or outside equity capital, supports our joint leadership team's commitment to independence, in spirit, strategy and service to our clients," Kevin Fitzwilson, Coldstream Managing Shareholder.
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