Silver Bridge, an independent wealth advisory firm, announced Tuesday it expanded into the Northern California region with the acquisition of H&S Financial Advisors of San Francisco.
Martim de Arantes Oliveira, the former head of H&S, will run the West Coast operation for Silver Bridge as a regional director with a focus on multi-generational and entrepreneurial wealth, the company said.
The H&S acquisition is expected to close Aug. 3. When the deal is completed, the company will have $2 billion in assets under advisement.
Silver Bridge also announced it launched Silver Bridge Family Office Partners, a boutique firm dedicated exclusively to the needs of families and family offices including families who need help building and designing their own family office as well as those seeking alternative ways to manage family wealth without establishing their own family office. Silver Bridge Family Office Partners is led by Allison Taff, a principal at the company, who joined from Fidelity Family Office Services and has experience working with family offices of all sizes, the firm said.
“The launch of this business signifies our firm-wide commitment to working collaboratively with families, their advisors and family office professionals, all seeking help from a partner they can trust to recommend truly objective, customized solutions,” Stephen Prostano, president and chief operating officer of Silver Bridge, said in a press release.
Family Office Partners also works with formalized family offices by offering specialized consulting services and outsourced solutions to help them effectively sustain their practice, minimize overhead expenses, and gain insight into industry best practices, the firm said.
Both Oliveira and Taff will report to Prostano.