Wealthspire Expands Northwest Presence with $11B Sellwood Acquisition
Wealthspire is acquiring Sellwood Investment Partners, a Portland-based advisory firm with $11 billion AUM, to enhance its private client and institutional footprint in the Pacific Northwest. The deal leverages Sellwood’s expertise in endowments, foundations and retirement plans, with its team remaining in Portland under Wealthspire’s $580 billion platform.
1. Acquisition Details
Wealthspire is purchasing Sellwood Investment Partners, a Portland-based advisory firm overseeing $11 billion in assets. The acquisition aims to strengthen Wealthspire’s private client and institutional offerings in the Pacific Northwest.
2. Strategic Fit
Sellwood’s focus on endowments, foundations, 529 plans and high-net-worth individuals aligns with Wealthspire’s existing platform, which manages over $580 billion across wealth and retirement divisions. The Sellwood team will continue operating from its Portland office.
3. Advisor Roles and Conditions
Houlihan Lokey advised Sellwood and Berkshire Global Advisors advised Wealthspire. The transaction remains subject to customary closing conditions and is part of Wealthspire’s broader strategy of integrating Fiducient Advisors under its institutional and private client brands.
4. Recent M&A Activity
This acquisition follows March’s $1.9 billion Axia Advisory deal and the April launch of Wealthspire Family Office, which already serves 300 ultra-high-net-worth families with nearly $50 billion in combined assets.