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CPWM acquires Kibble & Prentice Private Investment Advisory Group

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Columbia Pacific Wealth Management (CPWM) has acquired Kibble & Prentice Private Investment Advisory Group. Both firms are Seattle-based comprehensive wealth management platforms. 

Columbia Pacific Wealth Management has acquired all Kibble & Prentice Private Investment Advisory Group assets and employees, continuing to enhance CPWM's leadership position in the Pacific Northwest.

The move was made in part because CPWM Cofounder Dan Baty recognised that both firms stem from well-established Seattle family businesses and focus on providing unparalleled personal access and unique investing opportunities to high net worth individuals, families, and not for profit organisations. CPWM is part of the larger family of companies founded by Baty and is dedicated to working with its client base seeking tailored solutions to preserve and build wealth.

"Acquiring Kibble & Prentice's Private Investment Advisory Group is an exciting opportunity for our firm," says Alex Washburn, CPWM Cofounder. "Their team's expertise enhances our firm's capabilities to make a positive impact for the clients we serve. Our goal is to become the most respected wealth management firm in the Pacific Northwest."

According to CPWM Cofounder Peder Schmitz, the acquisition deepens the company's bench of talented investment professionals needed to respond to the growth he is seeing in the Seattle area. "I'm excited about this opportunity as it provides broader resources for our clients and strengthens our footprint throughout the region," he adds.

"Becoming part of the CPWM team affords our high net worth individuals, foundations and endowment clients enhanced opportunities available through Columbia Pacific and its affiliates," says Joe Strecker, former Executive Vice President with Kibble & Prentice and current Managing Partner with CPWM. "We are now stronger and even better positioned to guide our clients with investments and planning focusing on their unique situations and challenges."

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