LOS ANGELES--(EON: Enhanced Online News)--Aspiriant, one of the nation’s leading independent wealth management firms, today announced that Stanford Investment Group, Inc., a premier wealth advisory firm based in Silicon Valley, will merge with Aspiriant.
“Joining Aspiriant will allow us to provide our clients with access to more services—tax, estate, family office and a large dedicated investment team—as well as the strength and stability that comes from being part of a nationwide firm”
This will be the third independent wealth management firm to join forces with Aspiriant in the last year, bringing the firm’s assets managed on behalf of clients to more than $10 billion. Stanford Investment Group, founded in 1982, manages approximately $850 million in assets for 260 clients and their families. Both firms provide comprehensive financial planning and investment management for high-net-worth clients. The transaction is expected to close on January 31, 2017.
Aspiriant has become a destination of choice for independent advisors who share the firm’s values, according to Rob Francais, CEO of Aspiriant. “With Stanford Investment Group, Aspiriant expands its footprint in Silicon Valley’s dynamic economy and gains tremendous talent and decades of experience serving technology executives and entrepreneurs,” Francais continued.
“Joining Aspiriant will allow us to provide our clients with access to more services—tax, estate, family office and a large dedicated investment team—as well as the strength and stability that comes from being part of a nationwide firm,” said Helen A. Dietz, CEO of Stanford Investment Group. Members of Stanford Investment Group will become employees of Aspiriant, with five becoming shareholders.
“Our teams share the same high standards of professionalism and an intense focus on constantly innovating and improving client service,” Francais said. “Together we will provide Silicon Valley’s entrepreneur community with the most sophisticated range of wealth management and global investment services available anywhere in the industry.” Both firms have in-depth experience helping entrepreneurs manage concentrated stock positions and planning for liquidity events.
With this merger, Aspiriant will have added $1.7 billion in assets and approximately 600 clients as a result of its mergers with other independent wealth management firms over the past year. The team from Stanford Investment Group will remain in its current office location in Mountain View, California.
Aspiriant is a leading independent wealth management firm, with approximately $9.5 billion of assets currently under management and advisement. The firm provides a full range of wealth management services for more than 1,400 individual and family office clients throughout the country. Unlike many other wealth management firms, Aspiriant is 100 percent owned by current and former employees, which ensures its long-term stability and independence. It has offices in Los Angeles, San Diego, San Francisco, Orange County, New York, Boston, Cincinnati, Milwaukee and Minneapolis.
About Stanford Investment Group
Stanford Investment Group, Inc., located in Mountain View, California, specializes in comprehensive wealth management, encompassing financial planning and asset management. Founded in 1982, Stanford Investment Group, is committed to transparency and fiduciary responsibility in serving more than 260 client families with approximately $850 million under management. Stanford Investment Group, Inc., an SEC Registered Advisor, is not affiliated with Stanford University.