Coldstream and Cable Hill Partners Join Forces
In a strategic move set to bolster the financial advisory landscape, Coldstream has announced its merger with Cable Hill Partners, an investment advisory firm based in Portland, Oregon, managing approximately $2 billion in client assets. This merger signifies Coldstream's pivotal expansion in the Portland market, following the successful integration of HBC Financial Services last year.
Founded by David Christian and Brian Hefele, Cable Hill Partners specializes in providing investment advisory services to high-net-worth individuals, trusts, estates, charitable organizations, and businesses. In addition, the firm offers a robust suite of retirement plan support services aimed at optimizing benefits for clients. Christian, who also takes on the role of Chief Growth Officer for Coldstream, remarked on the seamless alignment of values and service philosophy shared between the two firms.
Kevin Fitzwilson, Coldstream's Managing Shareholder, emphasized, "Cable Hill's approach aligns perfectly with our comprehensive offerings. Their addition to our team enhances our strategy to provide a holistic range of financial services for both individuals and institutions as a proudly independent and employee-owned firm. I eagerly anticipate the shared accomplishments that lie ahead."
The recent merger brings together a team of 29 experienced professionals from Cable Hill, including 13 advisors and 16 support staff who will transition into shareholder roles at Coldstream. The combined expertise of the two entities now includes an impressive array of certifications: 40 Certified Financial Planner® professionals, 15 Chartered Financial Analysts®, 22 certified public accountants, along with numerous professionals holding MBA and JD degrees. With $13 billion in total client assets under management, this merger exponentially increases Coldstream's capacity to serve a diverse range of clients.
Reflecting on their decision to merge with Coldstream, Hefele stated, "Our priority in this partnership was to find a firm capable of supporting our clients effectively while staying aligned with our core values. Coldstream’s unique and holistic approach to financial advisory offers us an exceptional opportunity to enhance the service we deliver to our varied client base."
This merger was completed on June 1, though the financial terms have remained undisclosed to the public. Cable Hill Partners was advised by DeVoe & Company, a prominent consulting firm that specializes in financial advisory firms.
The momentum continues for Coldstream as they reshape their investment banking structure, recently rebranding their investment banking offering to be known as Coldstream Capital Partners. These advancements align with their overarching goal to provide a comprehensive suite of financial services tailored for individualized and institutional clients alike.
Having commenced operations in 1996 in Bellevue, Washington, Coldstream maintains a reputation for enhancing their clients' lives and providing peace of mind through their dedicated service. With a growing presence across seven offices in four states, Coldstream remains committed to its mission. For more information on their services and the new direction following the merger with Cable Hill Partners, visit
Coldstream's official website.
In summary, the union between Coldstream and Cable Hill Partners underscores a promising future in financial advisement, aiming to serve a wider array of clients with enhanced expertise and an expanded team dedicated to achieving strategic financial goals.