Seattle-based Coldstream named Bryan Shipley its Chief Investment Officer. Howard Coleman, who served as Coldstream’s CIO for ten years, will now serve as a Managing Director, overseeing the firm’s growing fund management business, and continue as the firm’s Chief Legal Counsel, according to a release. Coldstream now has $11.1 billion in client assets.
Shipley arrived at Coldstream in the merger with $2 billion Arnerich Massena in July. He served as Co-CEO and Chief Investment Officer at that firm prior to the merger. Shipley holds the CFA and CAIA designations and is a member of the CFA Institute and CFA Society of Portland.
“Bryan’s incredible track record of developing investment strategies aligned with the values and goals of his clients, as well as innovative and enhanced due diligence processes to mitigate risk, will continue to expand our ability to deliver comprehensive financial solutions for our clients,” said Kevin Fitzwilson, Coldstream’s Managing Shareholder. “Bringing Bryan into this role positions our firm for additional strategic growth and allows Howard to focus on expanding our fund management programs.”
Shipley said, “Even before joining Coldstream, I deeply respected the firm’s leadership and strategic approach. Working with Kevin, Howard, and the executive team over the past six months has only strengthened my belief in this company. I’m thrilled to take on this role as we continue to support the range of services our clients use to achieve their financial goals.”
Earlier this month, accounting firm Harrison Berkman Claypool & Guard and its affiliated RIA HBC Financial Services joined Coldstream, with approximately $500 million in combined assets under advisement.
James Miller, Contributing Editor and Research Analyst at Wealth Solutions Report, can be reached at ContributingEd@wealthsolutionsreport.com.
