Coldstream, doing business as “Coldstream Wealth Management,” is a 100% employee/director owned
comprehensive wealth management firm founded in 1996, with a corporate office in Bellevue, Washington,
branch offices in Seattle, Kirkland, and Mercer Island, WA, Portland, OR, Boise, ID, and Kenai, AK.
Coldstream (the “Advisor”) offers a full range of wealth management services, including portfolio
management, family advisory, risk management, financial, retirement & education planning, and wealth
transfer planning. Internal expertise is blended with selected outside advisors to provide a cohesive, holistic
platform of guidance to clients.
Our investment advisory services are driven by our clients’ broad personal and financial goals. Our
approach uses diversified portfolios and individualized strategies to manage investments. We follow strict
fiduciary standards, asking ourselves “knowing what we know about the markets and our client’s objectives,
what would we do in their situation.” Our investment advice is independent and beholden to no investment
company or mutual fund. Our clients’ interests are first and foremost in our minds.
When we act as your investment adviser, we have to act in your best interest and not put our interest ahead
of yours. At the same time, the way we make money creates some conflicts with your interests. You
should understand and ask us about these conflicts because they can affect the investment advice we
provide you. Those conflicts are described in this ADV Part 2A Disclosure document, and in our ADV Part
3, Form CRS, which you should have also received.
Tailoring of Advisory Services
Coldstream manages client portfolios on a team basis, each team (“Wealth Management Teams”)
consisting of:
o Wealth Manager
o Portfolio Manager
o Wealth Management Associate
o Wealth Planner
o Client Service Associate
o Chief Investment Officer & Investment Strategy Group
Coldstream uses a step-by-step process to help clients establish goals and customize appropriate
strategies to suit their vision and objectives. Coldstream’s process includes meeting with the client,
determining investment objectives, creating an Investment Policy Statement (or equivalent guiding
document) and completing a risk assessment. Client portfolios are managed independently based on
clients’ situations, risk tolerances, and investment objectives pursuant to the Investment Policy Statement
(IPS), which can include certain investment restrictions imposed by clients. For example, a client can
restrict the purchase of certain securities, such as tobacco and “sin” stocks.
Coldstream typically meets with clients at least annually to review progress and the client’s expectations for
their portfolio. We also provide clients with portfolio review reports that provide a review of assets and
current and historical performance. If the client chooses to, they may opt to access their account
information and reports electronically via a secure login on our website at www.coldstream.com.
Coldstream also will provide these services on a non-discretionary basis. Coldstream notifies the client and
obtains permission prior to the sale or purchase of each security within the managed, non-discretionary
account.
Following is a listing of the principal (25% or more) shareholder(s) of Coldstream:
Kevin M. Fitzwilson - Managing Shareholder
Assets Under Management
Effective December 31, 2023 Coldstream managed a total of:
Discretionary Assets: $ 7,328,392,913
Non-Discretionary Assets: $ 250,319,617
Total Assets: $ 7,578,712,530
[figures as of December 31, 2023]