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TriState Capital closes acquisition of Columbia Partners assets


TriState Capital Holdings’ Chartwell Investment Partners business officially closed on the acquisition of approximately USD1.06 billion of client assets under management (AUM) from Columbia Partners.

This combination brings Chartwell’s total AUM to more than USD9 billion. As part of the acquisition, the company acquired institutional client accounts with a mix of high-grade fixed income and large-cap equity assets, which generate annualised revenue of more than USD2 million, as well as a team of three experienced professionals.

“We are pleased to welcome Columbia’s exceptional investment professionals and clients into Chartwell,” says TriState Capital Chief Executive Officer James F Getz. “The additional mix of high-grade fixed income and large-cap equity assets under management to our firm is the latest execution of our well-defined strategy to grow Chartwell’s boutique money management business both organically and through opportunistic acquisitions.”

In connection with the transaction, three of Columbia’s well-respected veterans joined Chartwell.

“We could not be more excited about our future,” says Chartwell Chief Executive Officer Timothy Riddle. “We are pleased to have Steve Binder, Mark Tindall and Mark Iong, three exceptional and seasoned investment professionals, joining the Chartwell team from Columbia Partners.”

Steve Binder serves as a Client Services and Marketing Director, Mark Tindall serves as a Large-cap Growth Equity Portfolio Manager and Mark Iong is a Large-cap and Growth Equity Senior Portfolio Analyst.

Based in Chevy Chase, Maryland, Columbia Partners has managed clients’ investment assets for more than 22 years. Columbia will continue to manage the firm’s alternative asset strategies.

“We are very pleased to complete this transition and to officially join the Chartwell team,” says former Columbia Partners Managing Principal Steve Binder. “As we assume our new roles at Chartwell, we look forward to upholding our commitment to our clients to provide the quality of service and professionalism that they have received from us in the past. We also look forward to working alongside our new Chartwell partners, as we continue our efforts to meet the objectives of our loyal group of clients and friends.”


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