Columbia Pacific Wealth Management (CPWM) has acquired Kibble & Prentice Private Investment Advisory Group. Both the firms are based in Seattle.

CPWM has bought all assets and employees of Kaibble & Prentice, in a bid to boost its position in the Pacific Northwest.

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CPWM co-founder Alex Washburn said: "Acquiring Kibble & Prentice’s Private Investment Advisory Group is an exciting opportunity for our firm. Their team’s expertise enhances our firm’s capabilities to make a positive impact for the clients we serve. Our goal is to become the most respected wealth management firm in the Pacific Northwest."

Kibble & Prentice’s former executive vice president and CPWM’s current managing partner Joe Strecker added: "Becoming part of the CPWM team affords our high net worth individuals, foundations and endowment clients enhanced opportunities available through Columbia Pacific and its affiliates. We are now stronger and even better positioned to guide our clients with investments and planning focusing on their unique situations and challenges."

Both the firms focus on offering investing opportunities to high net worth individuals, families, as well as not-for-profit organizations.