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US Wealth Manager Aspiriant Deepens California Presence Via Merger
Aspiriant is deepening its wealth management footprint in California by merging with San Diego-based Hokanson Associates.
San Diego, CA-based Hokanson Associates is to merge into the US wealth manager Aspiriant on December 31, 2015.
Hokanson Associates has $570 million in assets under management, 270 clients and 12 employees. Under the terms of the merger, Hokanson partners will contribute assets of their firm in exchange for ownership shares in Aspiriant. All former Hokanson partners will be Aspiriant owners and all employees will be offered jobs.
Aspiriant has $8.4 billion of assets under management and advisement, 950 clients and 135 employees in eight cities throughout the US.
Hokanson’s San Diego office will become Aspiriant’s fourth office in The Golden State and its ninth in the country. (Other offices are Los Angeles, San Francisco, Irvine, New York, Boston, Cincinnati, Milwaukee and Minneapolis.)
