Coldstream Acquires $2B Oregon-Based Cable Hill Partners
Coldstream has acquired Cable Hill Partners, a Portland, OR-based RIA managing approximately $2 billion in client assets. The transaction, which closed on June 1, 2025, increases Coldstream’s total assets under management to around $13 billion.
Cable Hill Partners, founded in 2014 by David Christian and Brian Hefele, offers investment advisory services to high-net-worth individuals, trusts, estates, charitable organizations, and businesses. The firm also specializes in retirement plan services for institutional clients. As part of the acquisition, Cable Hill’s team of 29 employees, including 13 financial advisors, will become shareholders in Seattle-based Coldstream.
“Cable Hill’s approach is completely complementary to our comprehensive offerings,” said Kevin Fitzwilson, Coldstream’s managing shareholder. “Bringing them aboard advances our strategy to deliver a full range of financial services for individuals and institutions as an independent and employee-owned firm.”
David Christian, founding partner of Cable Hill, noted that while several firms expressed interest in partnering, Coldstream’s resources and independent ownership structure made it the preferred choice.
This acquisition marks Coldstream’s third major expansion in Portland, following its 2024 acquisitions of Harrison Berkman Claypool & Guard and Arnerich Massena, another Portland-based advisory firm managing around $2 billion.
DeVoe & Company served as the exclusive financial advisor to Cable Hill Partners in the transaction.