The wealth management house has increased its footprint along the west coast of the US.

US wealth management group Tiedemann Advisors has expanded its west coast coverage with a new office in Portland, Oregon, adding to its offices in San Francisco and Seattle, which means that the firm now has nine in total.

The office will be located at 1120 NW Couch Street in the Brewery Blocks of Portland’s Pearl District. It will open with two of Tiedemann’s senior advisors, Brad Harrison and Kate Donnelly. Harrison, managing director, will co-lead the firm’s impact investing strategies and work closely with tax-exempt organizations, including foundations and non-profit endowments. Donnelly, director, specializes in investment advisory work dealing with taxable, ultra-high net worth clients seeking to align their investment portfolios with their values. (Family Wealth Report analyzed how impact investing helped to drive the Tiedemann/Threshold hook-up.)

Tiedemann has expanded on a number of fronts. When it bought Threshold Group in October 2017, it added impact investing expertise to its business – an area that is attracting increasing attention from clients. (Impact investing seeks to make a positive impact on society, whereby clients target non-financial goals, such as reducing criminal re-offending, cutting child poverty or pollution, while also, hopefully, generating a return.)

Founded in 1999, Threshold provides trust services through Tiedemann Trust Company, a state-chartered trust company located in Wilmington, Delaware. Together, Tiedemann oversees about $19 billion in assets with over $2 billion in impact investments (based on data as of January this year).