Laird Norton Wealth Management and Wetherby Asset Management have announced that the two firms have merged. The resulting combination establishes a national presence with offices spanning both coasts including Seattle, San Francisco, Los Angeles and New York with over $15 billion in client assets.
The combined firm will retain the Laird and Wetherby names and will continue serving HNW families with investment services including impact investing, private equity, trust services and estate planning, philanthropic advising, real estate and family advisory services and tax planning. Going forward, Kristen Bauer of LNWM will serve as the CEO of the combined firm while Debra Wetherby will maintain her role as managing partner at Wetherby.
“Most wealth management firms claim to serve the needs of families of multi-generational wealth, but it’s rare to find a firm that is both a trust company and an RIA that has been doing it for more than half a century with the backing and expertise of a seventh-generation family enterprise,” said Wetherby. “We built WAM to be a trusted partner to our client families for generations, and there’s no better partner for our future than a firm that brings generations of experience to the table.”
“LNWM and WAM share the commitment to creating a wealth management experience that enhances the lives of our clients, our company and our communities,” added Bauer. “We’re both intentional about growth – whether that’s entering new markets or enhancing strategic offerings like impact investing – because our business is about making life better, not just the bottom line.”