Salient and Friedman have "a vision" about taking services to "next level". RIAs Salient Wealth Management and Friedman & Associates have merged. The result is one of the largest independent wealth-management boutique in the northern San Francisco Bay area.

The terms of the deal weren't disclosed.

A sign of strength?

The firms stress that they came together to form Salient-Friedman Wealth Management "not out of necessity but out of a vision for how two highly successful and respected Marin County firms could take their wealth-management services to the next level."

"Each firm brings unique and complementary strengths that, when combined, will surely result in an even more valuable wealth management experience for clients," according Friedman & Associates' founder and CEO Gregory Friedman.

In fact, Salient Wealth Management's founder and CEO Richard Stone says the result of the merger will be "deeper capabilities and access to resources in financial and retirement planning, investment strategies, estate planning and insurance analysis."

Salient-Friedman Wealth Management, which has offices in San Rafael, Calif., and nearby Novato, has about $600 million in assets under management. The firm targets clients with at least $2 million to invest. -FWR

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