SAN RAFAEL, Calif.--(BUSINESS WIRE)--Private Ocean hit a new milestone this month when assets under management (AUM) topped $1,000,000,000.
“This has been a Private Ocean growth goal for quite some time,” explained Richard Stone, Co-Founder. “It gives us the ability to provide greater resources for our clients and ensures that we will be able to serve them and their families well into the future,” said Greg Friedman, CEO/Co-Founder. At this level, Private Ocean can remain personal with its relationships but also more powerful in the expertise it can offer clients. “In addition, being larger gives our next generation employees and owners the opportunity to carry Private Ocean sustainably into the future, while continuing the mission and passion for excellence on which our company was founded,” added Friedman.
About Private Ocean
Private Ocean is a wealth management firm deliberately structured to give clients the intimate experience of a small firm, while harnessing the power, depth and discipline of a much larger one. The 23-person Private Ocean team seamlessly integrates personal financial planning and institutional-class investing. Private Ocean clients interact directly with a tight-knit team of specialists led by recognized industry leaders and pioneers in planning, investing, ethics and technology.
In 2016, Private Ocean was named Best Wealth Management firm by North Bay Biz and has been named one of the Best Places to Work by The North Bay Business Journal and the San Francisco Business Times. Richard Stone was honored with the Schwab IMPACT® Leadership Award at the 2011 Schwab IMPACT® conference. CEO Greg Friedman has been on Investment Advisor’s 25 Most Influential list. In 2011, Friedman received the Investment News Industry Influencer Award. He received the Schwab IMPACT® Best in Tech Award in 2007.
Formed in 2009, Private Ocean (www.privateocean.com) combined two of the oldest privately-held wealth management firms in the San Francisco Bay Area – Salient Wealth Management and Friedman & Associates. Founded by Richard Stone and Greg Friedman, the firm has over $1 billion in assets under management. Private Ocean works with senior executives, business owners and other affluent individuals with a minimum of $2 million to invest.
Photos of Private Ocean executives available on request. Email firstname.lastname@example.org or call 415-526-2904.