Coldstream to Open Nevada Office in 2026 as $15 Billion RIA Chases Wealth Migration
Updated
Updated · Wealth Management · Jun 16
Coldstream to Open Nevada Office in 2026 as $15 Billion RIA Chases Wealth Migration
1 articles · Updated · Wealth Management · Jun 16
Summary
Incline Village, Nevada, will get a new Coldstream office later this year as CEO Kevin Fitzwilson pushes the firm farther east from its West Coast base.
Coldstream says the move reflects wealth migration by affluent clients and prospects leaving Washington, Oregon and California for interior Western states.
The $15 billion RIA remains 100% employee-owned after a 2011 management buyout, a structure Fitzwilson says gives it control over expansion pace without private-equity return pressures.
About 170 of Coldstream’s 250 employees are owners, helped by its C-corp structure, $1,000 minimum buy-in and quarterly trading windows designed to broaden succession and internal liquidity.
Coldstream, now running at roughly $100 million in revenue, has paired organic growth with acquisitions and says its plan still targets about two mergers a year.