Loading
Tap on the profile icon to edit
your financial details.

Coldstream Wealth Management Review

Your Details Done
by Updated
Coldstream Wealth Management

Coldstream Wealth Management is a financial advisor firm headquartered in Bellevue, Washington with more than $2.7 billion in assets under management (AUM). The fee-based firm works mostly with high-net-worth individuals, but it also provides advisory services to individuals, investment companies, pension plans and corporations.

Coldstream was founded in 1996, and it has since grown to operate four different offices in the Pacific Northwest and serve more than 1,000 clients. The firm offers portfolio management, financial and tax planning, estate and consulting services to its clients.

Coldstream Wealth Management Background

Coldstream Wealth Management was founded in 1996 by Roger Reynolds and Don Gher. Reynolds still works as a relationship manager and sits on the board of directors for the firm. The firm is led by Managing Shareholder Kevin Fitzwilson. In addition to its headquarters in Bellevue, the firm has another Bellevue office, an office in Seattle, Washington and an office in Lake Oswego, Oregon.

What Types of Clients Does Coldstream Wealth Management Accept?

Coldstream Wealth Management works with individuals, high-net-worth individuals, investment companies, pension and profit-sharing plans, charitable organizations, corporations and other businesses.

Coldstream Wealth Management Minimum Account Sizes

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
  • Financial planning
  • Tax planning
  • Estate design
  • Risk management
  • 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 so as 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 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:

Fee Schedule
Assets Under Management Fee Percentage
$0 - $5,000,000 1.00%
$5,000,001 - $15,000,000 0.85%
$15,000,001 - $25,000,000 0.75%
$25,000,001 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. 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. These can be charged as either a flat fee or an hourly fee ranging from $50 to $250 an hour.

The below table shows how Coldstream Wealth Management's fees compare to the national median. Remember that these are only estimates and actual fees may vary.

Estimated Fee Comparison*
Your Assets Coldstream Wealth Management National Median Advisory Fees**
$500K N/A (below account minimum) $5,000
$1MM N/A (below account minimum) $8,500 - $10,000
$5MM $50,000 $25,000 - $32,500
$10MM $92,500 $50,000
*Fee estimates only consider the maximum base fees for the services each firm provides. You may also pay manager fees and other fees, which can vary in amount. **All figures are based on median fee levels according to Bob Veres' 2017 Planning Profession Fee Survey. The above estimates solely take into account AUM-only fees. Total costs will likely be higher due to additional expenses.

What to Watch Out For

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 since advisors will have an incentive to direct clients toward securities that will generate commissions.

Further, Coldstream Wealth Management participates in advisor referral programs with Fidelity Brokerage Services LLC and TD Ameritrade, Inc. The programs differ in specifics, but in general, the firm pays for successfully referred clients and is incentivized to recommend that these clients custody their assets with the brokerage service that referred them. This incentive creates another potential conflict of interest.

These potential conflicts of interest are clearly disclosed in the firm's Form ADV, which is a form that all financial advisor firms with more than $25 million in assets under management must file with the SEC. 

While clients should know about these potential conflicts, they can rest easy knowing that the firm is bound by fiduciary duty, which means that it’s bound by law to always act in the best interest of its clients. 

Disclosures

Coldstream Wealth Management doesn’t have any disclosures.

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 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.

Where Is Coldstream Wealth Management Located?

Coldstream Wealth Management has four different offices. Two of these offices are in Bellevue, Washington, one is in Seattle, Washington and one is in Lake Oswego, Oregon. The firm’s headquarters are located on the corner of 100th Avenue NE and Lake Washington Boulevard NE in Bellevue.

 Tips for Finding a Financial Advisor

  • If you’re new to the investing world but you want to make sure your portfolio is on the right track, it may be worth speaking with a financial advisor. Finding the right financial advisor that fits your needs doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in 5 minutes. If you’re ready to be matched with local advisors that will help you achieve your financial goals, get started now.
  • If you have a lot of money invested in taxable accounts, then capital gains taxes can have a big impact on your taxes. SmartAsset’s capital gains tax calculator can help you calculate how much you'll need pay so you can plan ahead.

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research