Laird Norton Wealth Management and Wetherby Asset Management have merged their operations, creating a new firm with over $15 billion in client assets and offices in Seattle, San Francisco, Los Angeles and New York. Financial terms of the deal were not disclosed.
Laird Norton CEO Kristen P. Bauer is serving as CEO of the combined entity, while Debra Wetherby will continue as managing partner and head of Wetherby Asset Management and will serve on the board of the merged firm.
“This is a merger of independent firms who share the DNA of offering conflict-free investments and financial advice to provide clarity on important life and legacy goals,” according to Bauer, a 2021 winner of ThinkAdvisor’s LUMINARIES awards. “Coming together will create more value for clients than just the sum of our parts.”