Santa Barbara-based Mission Wealth announced on Oct. 1 that it has acquired Sea to Peak Financial advisors, a firm with offices in Seattle and Denver and about $90 million in assets under management.
“As a 100% employee-owned firm, we feel we have a natural advantage in mergers and integrations and can be more flexible in the process,” Mission Wealth CEO Matthew Adams said in a statement. “Our motivation is beyond just a financial one as we seek to remain an innovator in our industry and to attract advisors that truly want to be part of something exceptional.”
Mission Wealth is one of the biggest wealth management firms in the tri-county region. Founded in 2000, after the merger it will have $4.6 billion in client assets under management, according to the company.
As Sea to Peak enters its tenth year, Stephanie Bruno, the company’s founder, was looking to join a firm with more resources and support teams that shared her vision of bringing meaning to a client’s financial life, according to a news release from Mission Wealth.
“This combination of care and expert technical and investment advice will benefit my existing and future clients,” Bruno said.
In a statement announcing the merger, Mission Wealth officials said Sea to Peak’s team will strengthen Mission Wealth’s existing client service experience in Washington and Colorado and will allow it to better serve future clients in those regions.