Edelman Financial Engines has acquired Viridian Advisors, a Bothell, Washington-based registered investment adviser that manages $846 million and includes tax planning and preparation among its services.
The transaction, details of which were not disclosed, is expected to close in the second quarter.
Adriel Tam, who heads Viridian and its team of CPAs and planners, will join Edelman as head of its tax practice.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
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Treasury secretary's deadline called 'aspirational' by John Thune.
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As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
