GIG HARBOR, Wash.--(BUSINESS WIRE)--Threshold Group, a wealth management firm serving a select clientele of private families and family foundations, has opened its newest office in Seattle. The firm, headquartered in Gig Harbor, WA, was founded in 1999 as a single-family office serving three generations of the Russell family. Threshold now operates four offices serving full-service client families and foundations throughout the United States.
“This is a natural extension of our client service and community presence in the Pacific Northwest,” said Ed Lazar, president of Threshold Group. “Seattle is our front yard, and we have been working here for years. Now we have bricks and mortar to help us deepen our daily involvement with Seattle families, foundations and the civic community.”
Threshold’s Seattle office is led by Kristen Bauer, Managing Director, a Seattle resident who joined Threshold as the firm’s first hired professional in 1998. “I am excited to be creating our official Seattle presence here because we recognize growing demand for a boutique approach to wealth services among successful, multi-generational families and family foundations,” said Bauer. “Today’s investment climate and the complex challenges facing families are driving an increasing need for both deep expertise and genuine advisory relationships.”
Threshold Group provides investment guidance, financial planning, legacy planning and family office services for families who require a comprehensive approach to wealth management and family governance. The family-owned firm oversees $2.7 billion in assets and employs 45 associates. Additional offices are located in Portland and Philadelphia. The firm works with Russell Investments as an independent source of research and knowledge surrounding both capital markets and professional investment managers. The Russell family sold Russell Investments to Northwestern Mutual in 1999, a sale that led to the family’s founding of Threshold Group.
About Threshold Group
Threshold Group is a family wealth management office founded by the Russell family to serve goal-oriented families and family foundations in the United States. As an independent, family-owned firm, Threshold evaluates the needs of each client family or foundation to provide a customized investment and service plan. Services include global asset allocation; manager selection and oversight; financial record-keeping and reporting; estate, tax and financial planning; bill paying; insurance coordination; foundation management; family meetings; and wealth education. www.thresholdgroup.com