Focus Partner Firm Merriman Wealth Management Joins Forces with Summit Capital Management
– Acquisition Reinforces Merriman’s Leading Position in the Pacific Northwest –
New York, NY – April 18, 2016 – Focus Financial Partners (‘Focus’), a leading partnership of independent, fiduciary wealth management firms, announced today that Summit Capital Management (‘Summit Capital’), a boutique RIA based in Seattle, Washington, closed a transaction to become part of Merriman Wealth Management (‘Merriman’), a Focus partner firm headquartered in Seattle, Washington, on April 1, 2016.
This is Merriman’s first strategic transaction since joining Focus in December 2012, making Merriman one of the largest wealth management firms in the Pacific Northwest. It allows Merriman to expand its geographic presence as it adds Summit Capital’s Spokane office to Merriman’s existing locations in Seattle and Portland. “At Merriman, we have been looking for great partners like Summit Capital as we progress through our next phase of growth. We take pride in delivering highly customized wealth management advice to our clients, and Summit Capital’s investment philosophy and client service model make the firm a natural fit,” said Colleen Lindstrom, CEO at Merriman. “We are excited about the expanded portfolio strategies and wealth management services we will now be equipped to provide to a much broader client base.”
Founded in 1996, Summit Capital had 10 employees serving clients across the Pacific Northwest. Summit Capital’s core investment philosophy is a value-oriented approach centered on the preservation of capital, with the objective of providing solid risk-adjusted returns in all market environments. Members of Summit Capital’s staff and leadership team will continue to support their clients as part of the Merriman team.
About Focus Financial Partners
Focus Financial Partners is a leading partnership of independent, fiduciary wealth management firms. Focus provides unrivaled access to best practices, resources, and continuity planning for its partner firms who serve individuals, families, employers and institutions with wealth management, benefit and investment consulting services. Focus partner firms maintain their operational independence, while they benefit from the synergies, scale, economics and best practices of the market leader to achieve their business objectives. For more information about Focus Financial Partners, please visit www.focusfinancialpartners.com.
About Merriman Wealth Management
Founded in 1983, Merriman Wealth Management is a Seattle-based wealth management firm. The firm emphasizes a comprehensive wealth management approach that incorporates financial planning, retirement planning, insurance, estate/wealth transfer planning, income tax planning and charitable giving strategies supported by their core investment management offering. Merriman currently employs a total of 44 staff, including 15 principals, and serves approximately 2,000 clients. For more information, please visit www.Merriman.com
Focus Financial Partners
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