NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Thursday, October 12, 2017

Tiedemann Wealth Management, a New York-based independent national wealth advisor with approximately $12 billion in assets under advisement, and Threshold Group, a wealth-advisory firm and family office with $3.4 billion in assets under management, founded by the Russell family and based in Seattle, today announced that they have entered into a definitive purchase agreement.

“The importance of having a similar culture and vision for delivering multi-generational value for the families and foundations we serve was paramount in deciding to work together,” said Michael Tiedemann, CEO and Chairman of the Board of the combined firm. “Many of our clients have shown interest in impact investing. The addition of Threshold’s expertise in this area to our existing investment platform and comprehensive services will be a welcome addition for our clients today and prospects in the future.”

George and Jane Russell founded Threshold Group in 1998 when George sold his global investment services firm known as Russell Investments. The Russell family were early innovators in impact investing making their first impact investment in 2006. Today, Threshold Group is an independent wealth advisor and a leader in the rapidly growing impact investment sector with $1.5 billion designated to impact investments that focus on companies, organizations and funds that generate measurable social and environmental benefit as well as financial return for their families, foundations and endowments.

Photo courtesy of Ken Teegardin.