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Deals & People March 26, 2007
Salient Joins Fidelity’s Ring of RIAs
Salient Wealth Management LLC will now be included in Fidelity Investments’ Wealth Advisor Solutions, which gives customers of the financial services firm the opportunity to build relationships with Fidelity’s network of registered investment advisers.
Reported by Adrien Martin
According to a press release, Salient’s clients are primarily C-level executives and other high-wealth families located in Northern California who have no less than $2 million to invest.
For advisers to qualify for Fidelity Wealth Advisor Solutions, they must meet certain criteria involving a detailed evaluation of their business model, level of experience and the products and services they offer.
“We are extremely pleased to have been selected to participate in this program,’ said Richard Stone, the chief executive officer and president of the firm. “We were told that we were selected because our comprehensive wealth management services complement Fidelity’s guidance offering for its high-net-worth customers and we could be an appropriate choice for those customers who are seeking the personalized service offered by a fee-based adviser.’
Salient Wealth Management, formerly known as Salient Financial Corp., has $400 million in assets under management.