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Article: Boston Private Increases Investment in Coldstream Holdings.
- Article from:
- Business Wire
- Article date:
- November 1, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Company Holds 46% Ownership of Firm
BOSTON -- Boston Private Financial Holdings, Inc. (Nasdaq: BPFH) today announced it has increased its investment in Coldstream Holdings, the parent of Coldstream Capital Management ("Coldstream"), a multi-client family office that provides comprehensive wealth management services to high net worth private clients. Boston Private now owns approximately 46% of the firm. Boston Private completed its initial investment in Coldstream in December 2002, and as of September 30, 2007 owned 27.5 percent.
Walter M. Pressey, Boston Private President said, "We are delighted to take advantage of the opportunity to increase our ...