Combination of Culturally Aligned Firms Enhances Comprehensive Individual, Family and Institutional Client Service Experiences
Partnership Represents Coldstream’s Third Major Expansion in Portland Market
Coldstream announced it has combined with Cable Hill Partners, LLC (Cable Hill), a Portland, Oregon-based investment advisory firm managing approximately $2 billion in client assets.
Founding Partners David Christian and Brian Hefele own and operate Cable Hill, which offers investment advisory services to high-net-worth individuals, trusts, estates, charitable organizations and businesses. The firm also provides comprehensive retirement plan support. Christian also serves as Chief Growth Officer.
“In working with David, Brian and the rest of the Cable Hill team, it has become clear that we share very similar values of independence and service,” said Kevin Fitzwilson, Coldstream’s Managing Shareholder. “Cable Hill’s approach is completely complementary to our comprehensive offerings and bringing them aboard advances our strategy to deliver a full range of financial services for individuals and institutions as an independent and employee-owned firm. I look forward to what we can accomplish together.”
The Cable Hill team comprises 29 professionals, including 13 advisors and 16 support staff, who will become shareholders of Coldstream as part of the partnership arrangement. Supporting $13 billion in total client assets, the combined entity includes 40 Certified Financial Planner® professionals (CFP®), 15 Chartered Financial Analysts® (CFA®), and 22 certified public accountants (CPA), along with 19 individuals who earned an MBA and six with JD degrees.
“Over the past several years, we have carefully considered how to continue to serve our clients’ evolving needs and grow our business while staying true to our deeply held values,” said Christian. “While there were several firms that wanted to help us reach the next phase of our business, Coldstream was the only partner we considered. I’ve worked with their leadership for years and their vision for this industry, independent ownership structure and approach to team building give us exactly what we need to better serve our individual and institutional clients.”
Last year, Coldstream announced a successful merger with Harrison Berkman Claypool & Guard and its $500 million AUM RIA, HBC Financial Services. This combination enhanced Coldstream’s tax service offering, which the firm launched after its merger with Seidman Capital Group and Hersman Serles Almond, LLC in October 2023. These services are available as part of Coldstream’s Tax & Consulting service line. Recently, the firm renamed its investment banking offering to Coldstream Capital Partners, as part of a larger effort to deliver a complete set of financial services for individuals and families, as well as institutional clients under the Coldstream brand. The combination with Cable Hill Partners will enhance Coldstream’s ability to provide retirement plan services to its institutional clients.
Hefele added, “Finding a home where we could more efficiently and comprehensively support our individual and institutional clients was a major consideration as we looked toward the future, and Coldstream’s holistic approach delivers a unique opportunity to enhance the way we serve our diverse client base.”
This merger closed on June 1. The terms were not disclosed. Cable Hill Partners was represented by DeVoe & Company, a leading consulting firm and investment bank to RIAs.
Discover the latest trends and insights—explore the Business Insights Journal for up-to-date strategies and industry breakthroughs!
