Private Ocean Expands Equity Ownership
Timothy Jorstad becomes a member of Private Ocean, LLC
“Private Ocean has worked closely with Tim Jorstad in an accounting capacity for many years, so it's very exciting to have him come aboard as one of our owners”
“Private Ocean has worked closely with Tim Jorstad in an accounting capacity for many years, so it's very exciting to have him come aboard as one of our owners,” said Private Ocean chairman Richard Stone. "Every time we expand and diversify our firm ownership, we further our objective of providing continuity to our clients."
ABOUT TIM JORSTAD
Tim began his career in public accounting in 1975 with a large international accounting firm which is now known as KPMG. After earning his CPA certification in 1978, he began to specialize in the area of income tax law. In 1994, he established Jorstad, Inc., in San Rafael.
Tim has served as a receiver for the Superior Courts of San Francisco, Marin and Mendocino Counties. He has testified as an expert witness more than fifty times on issues related to business and contract disputes. He was a founding shareholder and chairman of Business Bancorp, a state chartered bank in San Rafael. He is also founder and chairman of Atlantic Pacific Bank in Santa Rosa.
Tim earned a Masters in Tax Law from Golden Gate University and a BS in Accounting from the University of Northern Colorado.
ABOUT PRIVATE OCEAN
Private Ocean (http://www.privateocean.com/) 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 2013, Private Ocean was named Best Wealth Management firm by North Bay Biz and one of the Best Places to Work by The North Bay Business Journal. Chairman Richard Stone was honored with the Schwab IMPACT® Leadership Award at the 2011 Schwab IMPACT® conference. Last year, CEO Greg Friedman made 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 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 $850 million 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 are available on request. Email firstname.lastname@example.org or call 415-526-2904.