Coldstream Wealth Management is a financial advisor firm headquartered in Bellevue, Washington. This fee-based firm works mostly with individual clients but also has a large pool of insititutional clients, including retirement plans, charitable organizations and corporations.
Coldstream operates multiple offices in the Pacific Northwest, offering portfolio management, financial and tax planning, as well as estate and consulting services to its clients.
Coldstream Wealth Management Background
Coldstream Wealth Management was founded in 1996 by Roger Reynolds and Don Gher. The firm, which is owned by its employees, is led by managing shareholder Kevin Fitzwilson. In addition to its headquarters in Bellevue, the firm has other offices throughout Washington, Oregon, Idaho and Alaska.
Coldstream Wealth Management Client Types and Minimum Account Sizes
Coldstream Wealth Management works with individuals, high-net-worth individuals, pension and profit-sharing plans, charitable organizations, corporations and other businesses.
Coldstream Wealth Management requires a minimum account size of $2 million for portfolio management services. For corporate pension or retirement plans seeking services from Coldstream, the minimum size is $5 million. Coldstream Wealth Management may choose to waive these minimums at its discretion.
Services Offered by Coldstream Wealth Management
Coldstream Wealth Management offers a standard range of services to its clients, including the following:
- Investment advisory services
- General financial planning
- Retirement planning
- Tax planning
- Estate design
- Risk management and insurance solutions
- Private client services
- Ultra-affluent services
Due to the firm's high account minimum of $2 million, it places a special emphasis on tax and financial planning services for the very wealthy, listed above as "ultra-affluent services."
Coldstream Wealth Management Investment Philosophy
Coldstream Wealth Management seeks to build portfolios that combine non-correlated assets to balance and minimize risk without sacrificing returns. The firm frequently uses large- and small-cap stocks, a range of fixed-income instruments, alternative investments and tangible assets, like real estate and commodities.
The firm relies on fundamental, technical and cyclical methods of analysis when analyzing securities, and portfolio managers at the firm also meet regularly to review and discuss the financial and economic trends affecting portfolios.
Fees Under Coldstream Wealth Management
For portfolio management services, Coldstream Wealth Management follows this basic fee schedule:
|Coldstream Wealth Management Fee Schedule|
|Assets Under Management||Fee Rate|
|$0 - $5,000,000||1.00%|
|$5,000,001 - $15,000,000||0.85%|
|$15,000,001 - $25,000,000||0.75%|
|$25,000,000 and above||Negotiable|
These fees will be paid quarterly, in advance, based on the market value of your account of the last day of the prior quarter. The table below shows how Coldstream Wealth Management's fees might look for a potential client.
|*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.|
|Estimated Investment Management Fees at Coldstream Wealth Management*|
|Your Assets||Coldstream Wealth Management Fee Amounts|
For clients with more than $2 million in assets under management and clients who are paying at least $20,000 in annual fees, financial planning services are included in addition to the standard investment services. For clients looking solely for financial planning services, fees are negotiable based on the complexity and scope of the plan being requested.
What to Watch Out For
Coldstream Wealth Management doesn’t have any disclosures on its legal and regulatory record, according to its Form ADV.
Some advisors at Coldstream Wealth Management are also registered representatives of Coldstream Securities, Inc., which is a registered securities broker-dealer. These advisors may receive commissions when conducting certain securities transactions in their capacity as Coldstream Securities representatives. The receipt of these commissions generates a potential conflict of interest, although the firm is bound by fiduciary duty. This means that it’s required, by law, to always act in the best interest of its clients.
Opening an Account With Coldstream Wealth Management
If you’d like to get in touch with Coldstream Wealth Management, the easiest way is to fill out the contact form on the firm’s website. The form will ask for your name, email address, phone number, company, asset range, area of interest and a brief message. If you’d like to contact a specific office, the respective phone numbers are listed on the contact page of the firm’s website as well.
All information is accurate as of the writing of this article.
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