Two big Seattle RIAs merge

Two of Seattle’s largest privately held registered investment advisory firms, Laird Norton Wealth Management, which managed $1.77 billion, and Filament, which managed $2 billion, have merged.

The newly merged firm will retain the Laird Norton name. The firm is a subsidiary of seventh-generation family-owned Laird Norton Co.

Kristen Bauer, CEO of Laird Norton Wealth Management, will serve as CEO of the combined firm. Filament’s three co-founders and senior leaders, Scott Butterfield, Conrad Gehrmann and John Goodwin, will serve on an expanded LNWM board of directors and in executive management roles.

Terms of the merger were not disclosed.

[More: Toronto RIA consolidator CI Financial lists on NYSE]

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