2 Financial-Services Firms Join Bellevue’s Coldstream | News

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Bellevue-based Coldstream Wealth Management on Thursday announced that it has added two Seattle-based financial services firms to its operation, bringing Coldstream’s assets under advisement to $11.1 billion.

Harrison Berkman Claypool & Guard, a full-service accounting firm, and HBC Financial Services, a registered investment adviser, have joined Coldstream. Both are led by James B. Claypool.

HBCG and HBC bring approximately $500 million in assets under advisement. The combination also enhances Coldstream’s existing tax and consulting practice, according to a news release from Coldstream.

The addition of HBCG and HBC follows several other Coldstream deals since 2023. That fall, it merged with two Kirkland financial-services providers, Hersman, Serles, Almond LLC, tax preparation/tax consulting, and Seidman Capital Group, a wealth-management firm. Last July, Coldstream combined with Arnerich Massena Inc., a Portland-based investment-advisory firm managing approximately $2 billion in client assets.

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HBCG was founded in 1977, and HBC was added in 2001. Like Coldstream, which was founded in 1996, they have been and will remain independently operated and employee-owned.

HBCG is a full-service firm comprising six professionals, four of whom are certified public accountants. Five of them also work for HBC and service small businesses and individuals. They specialize in financial and tax-related services, including traditional tax preparation, estate planning, stock-option planning, and business-succession planning.

Through HBC, HBCG extends traditional accounting and tax services to include retirement planning and portfolio management. The employees will become a new team of advisers within Coldstream and also form a new team within Coldstream’s tax and consulting practice.

“HBCG and HBC share Coldstream’s values and uncompromising approach to service, making this partnership not only a great fit but also an enhancement to those we serve,” Kevin Fitzwilson, Coldstream’s managing shareholder, said in the release. “Together, with expanded resources and greater access to investment and tax-planning opportunities, our firms will provide clients a more comprehensive offering than ever before.”

Claypool added, “This merger is a significant step forward in our commitment to delivering exceptional service and innovative solutions to our clients. Our combined resources will empower us to offer a heightened, comprehensive level of service. Together, we are well-positioned to strengthen the client experience and provide our people with more opportunities for career development.”