Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Industry Spotlight > Women in Wealth

Buckingham to Acquire $782M Oregon RIA

Your article was successfully shared with the contacts you provided.
Wealth manager Kathleen Kee headshot Kathleen Kee, head of Confluence

Buckingham Strategic Wealth, which added popular industry figures Michael Kitces and Jeff Levine earlier this year, is buying Confluence Wealth Management, an RIA with $782 million in assets based in Portland, Oregon.

Founded in 2011, Confluence will become part of Buckingham upon completion of the transaction, subject to customary closing conditions. The purchase price wasn’t disclosed.

This deal marks the sixth strategic partnership that Buckingham has announced so far this year, following deals that included the all-female team Baldwin & Associates of Indian Harbour Beach, Florida, and GreenCourse Financial Advisors of Chesterfield, Missouri.

“Partnering with Buckingham gives us the support of an industry leader in evidence-based investing, access to national thought leadership in advanced financial planning with Michael Kitces and Jeffrey Levine, and the opportunity to serve clients nationwide while focusing on helping them achieve their goals through holistic financial planning,” according to Kathleen Kee, Confluence CEO and senior wealth advisor.

Confluence’s senior team also includes Lantz Stringham, chief investment officer, and senior wealth advisors Carmen Wong, Ryan Berning and Josh Cepeda.

Confluence has a total of seven wealth advisors, is fee-only, and offers comprehensive financial planning and wealth management services to executives, professionals, business owners, retirees and their families, along with corporate retirement plans, endowments and foundations.

Related: Hightower Adds $800M Texas RIA

“Confluence is a well-respected fixture in wealth management and advanced financial planning in Portland, and also serves clients nationwide,” according to Buckingham COO Justin Ferri.

The addition “will provide us with significant opportunities to expand the number of clients we serve in the Pacific Northwest as we continue strengthening our presence in the region,” he said in a statement.

Buckingham Strategic Wealth and the 150-plus independent advisors that make up Buckingham Strategic Partners collectively managed or administered more than $50 billion, as of June 30.



© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.