Coldstream
Coldstream is an independent, 100% employee-owned RIA serving high-net-worth individuals and families across the West Coast and Pacific Northwest with investment advisory, financial planning, retirement, and retirement plan services on a planning-led platform.
- Company typePrivate
- Founded1996
- HeadquartersBellevue, United States
- Headcount101–250
- GTM typeB2C
- OfferingServices
What Coldstream does
Coldstream Capital Management Inc. is an independent, 100% employee-owned registered investment advisor headquartered in Bellevue, Washington, founded in 1996 by Roger Reynolds. The firm provides comprehensive wealth management services to high-net-worth individuals and families across the West Coast and Pacific Northwest, including investment advisory, financial planning, retirement planning, and, following the 2025 Cable Hill Partners merger, retirement plan services. Coldstream oversees approximately $14-15 billion in client assets and runs a planning-led delivery model supported by AI-enabled platforms.
The firm operates with a distinctive C Corp employee-ownership structure in which 170 of its roughly 250 team members hold equity, following a 2011 management buyout that returned Coldstream to full employee ownership after a decade under Boston Private and Carlyle Group. Its go-to-market combines organic client acquisition—primarily through referrals and a regional office network across Bellevue, Portland, and Bend—with an explicit 50/50 growth strategy targeting roughly two RIA mergers per year. Revenue is generated predominantly through recurring AUM-based advisory fees, with revenue scaling from approximately $6M in 2011 to a roughly $100M run rate by 2025 without external capital.
Coldstream's competitive position rests on aligned-incentive ownership, scale at $14-15B AUM, and a growing Pacific Northwest footprint rather than on proprietary technology. The 2025 acquisitions of Cable Hill Partners (~$2B AUM) and HBC Financial Services, alongside the February 2026 Bend office opening, reflect continued tuck-in expansion of both geographic reach and service capability. CEO Kevin Fitzwilson leads the firm; primary evidence of AI capability is limited to described use of AI-enabled planning platforms, with no disclosed proprietary models or data assets.
Coldstream firmographics
Firmographics- Name
- Coldstream
- Legal name
- Coldstream Capital Management Inc.
- Website
- https://coldstream.com
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Coldstream is an independent, 100% employee-owned RIA serving high-net-worth individuals and families across the West Coast and Pacific Northwest with investment advisory, financial planning, retirement, and retirement plan services on a planning-led platform.
- Ownership category
- akta.pro rank
Coldstream industry classification
Industry- Product category
- Wealth Management
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Comprehensive/Full-Service RIAs & Independent Wealth Managers (FSAAACAA)
- akta.pro secondary industries
- Financial Planning–Led RIAs (FSAAACAB), Corporate Retirement Plan Advisory RIAs (ERISA 401(k)/403(b)) (FSAAACAF)
Keywords
Where Coldstream is headquartered
LocationHeadquarters
- HQ city
- Bellevue
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Coldstream business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Wealth Management Services: Coldstream generates revenue through comprehensive wealth management services as a registered investment advisor (RIA) firm, including investment advisory fees, financial planning fees, and potentially retirement plan services. Revenue has grown from $6M in 2011 to approximately $100M run rate.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Wealth management fee structure based on assets under management and/or service complexity |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels3 records
Coldstream product offering
Product offeringCore offering
Coldstream is an independent, employee-owned registered investment advisor (RIA) providing customized portfolio management, sophisticated financial planning, investment advisory, and retirement plan services for high-net-worth individuals and families. The firm operates approximately $14.05 billion in client assets across offices in Bellevue, Portland, and Bend, leveraging AI-enabled platforms to support a planning-led wealth management model.
Product overview
Coldstream is a wealth management RIA firm operating as a single unified advisory platform with approximately $14.05 billion in assets under management. The company offers comprehensive wealth management services including investment advisory, financial planning, and retirement plan services. The firm has expanded through strategic acquisitions including Cable Hill Partners (approximately $2 billion AUM) and HBC Financial Services, enhancing its service capabilities across the West Coast and Pacific Northwest markets.
Differentiator
Problem solved
Functional benefit
Products and services
- Wealth Management Services
Quantifiable outcome
- Revenue grew from $6M in 2011 to $100M run rate (16.7x growth)
- +2 more outcomes
Companies that use Coldstream
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Coldstream technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Coldstream partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Cable Hill PartnerscoreColdstream merged with Cable Hill Partners, a Portland-based investment advisory firm managing approximately $2 billion in assets. The merger, closed on June 1, 2025, enhanced Coldstream's ability to provide retirement plan services and broadened its range of financial offerings across the Pacific Northwest.
- HBC Financial ServicescoreColdstream acquired HBC Financial Services as part of its 2025 growth strategy, contributing to the firm's record growth and expanded service offerings without external capital.
Scale indicators6 records
Recent moves7 records
Expansion highlights5 records
Coldstream competitors and assessment
Company assessmentRegional players
- Russell Investments: Seattle-based global investment management and advisory firm with HNW wealth management operations. Comparable to Coldstream through Pacific Northwest base and HNW advisory services, but materially larger and more institutionally oriented.
- Fisher Investments: Large Pacific Northwest-headquartered investment management firm (Camas, WA) serving HNW individuals and institutions. Comparable geographic concentration to Coldstream and similar HNW target market, though larger and more institutional in orientation.
Emerging players
- Wealthfront: Leading digital wealth management platform offering automated investment management and financial planning. An emerging/alternative competitor to traditional RIAs like Coldstream in the lower-end HNW segment, representing the fintech-disruption vector to traditional advisory models.
Direct peers
- Edelman Financial Engines: Large independent RIA combining traditional wealth management with workplace 401(k) advisory, serving HNW individuals and employer plans. Comparable to Coldstream in scale, planning-led approach, and post-acquisition retirement plan services capability.
- Creative Planning: One of the largest U.S. independent RIAs offering comprehensive wealth management, financial planning, and retirement plan services. Comparable to Coldstream in breadth of services, planning-led philosophy, and rapid M&A-driven growth.
- Carson Group: RIA and business coaching platform serving financial advisors and their HNW clients. Comparable to Coldstream through its partnership/employee-centric model, comprehensive wealth management offerings, and growth through advisor affiliations and acquisitions.
- Sanctuary Wealth: Independent RIA partnership platform serving HNW clients through partner firms, with an M&A-driven growth model. Comparable to Coldstream in HNW focus, planning-led approach, and consolidation strategy, though structured as a partner-network model.
- Mariner Wealth Advisors: Large independent RIA with an aggressive M&A roll-up strategy and comprehensive wealth management services targeting HNW clients. Closely comparable to Coldstream on size, growth trajectory, employee-centric culture, and acquisition-led expansion model.
Broad incumbents
- Cetera Financial Group: Large network of independent RIAs and broker-dealer firms offering wealth management, retirement plan, and advisory services. Comparable to Coldstream in HNW focus and breadth of services, but operates as a multi-firm network rather than a single integrated RIA.
- Focus Financial Partners: National RIA partnership/roll-up platform (now part of Clayton, Dubilier & Rice) that partners with independent wealth management firms. Comparable to Coldstream's M&A strategy but operates as a broader roll-up platform across many partner firms rather than as a single integrated advisory.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Coldstream social profiles
Digital presenceColdstream financial estimates
Financial estimateRevenue estimate
Valuation estimate
Coldstream leadership team
Management profileNumber of profiles
Profiles2 records
Coldstream subsidiaries and ownership
Company hierarchySubsidiaries2 records
Coldstream funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Coldstream M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Coldstream
What does Coldstream do?
Coldstream is an independent, employee-owned registered investment advisor (RIA) providing customized portfolio management, sophisticated financial planning, investment advisory, and retirement plan services for high-net-worth individuals and families. The firm operates approximately $14.05 billion in client assets across offices in Bellevue, Portland, and Bend, leveraging AI-enabled platforms to support a planning-led wealth management model.
Is Coldstream a public or private company?
Coldstream is a private company. It is classified as management employee owned and is currently operating.
When was Coldstream founded?
Coldstream was founded in 1996. It employs 101 to 250 people.
Where is Coldstream based?
Coldstream is headquartered in Bellevue, United States, in the North America region.
How does Coldstream make money?
One revenue line is on record: wealth Management Services.
Who are Coldstream's main competitors?
Regional players on record are Russell Investments and Fisher Investments. Wealthfront is listed as an emerging player. Direct peers are Edelman Financial Engines, Creative Planning, Carson Group, Sanctuary Wealth and Mariner Wealth Advisors. Broad incumbents are Cetera Financial Group and Focus Financial Partners.
Does Coldstream have an API?
No public API is recorded for Coldstream.
What industry is Coldstream in?
Coldstream's product category is Wealth Management. Its primary akta.pro industry code is FSAAACAA, Comprehensive/Full-Service RIAs & Independent Wealth Managers, with a secondary code of FSAAACAB, Financial Planning–Led RIAs. Its NAICS code is 523940 and its SIC code is 6282.