Tiedemann Wealth Management LLC has agreed to acquire Seattle-based Threshold Group LLC.
The Russell family, which founded Threshold, will take an ownership stake in Tiedemann and will remain a client. The combined firm will operate under the Tiedemann Wealth Management brand with roughly $15 billion in assets under advisement.
Terms of the deal were not disclosed. The deal is expected to close in December.
Silver Lane Advisors LLC acted as financial adviser and Perkins Coie LLP as legal adviser to Threshold Group. Morgan Lewis & Bockius LLP acted as legal adviser to Tiedemann Wealth Management.