The Threshold family office group has opened its newest office in Seattle. The firm, headquartered in Gig Harbor, WA, was founded in 1999 as a single-family office serving three generations of the Russell family. Threshold now operates four offices serving full-service client families and foundations throughout the US.

“This is a natural extension of our client service and community presence in the Pacific Northwest,” said Ed Lazar, president of Threshold. “Seattle is our front yard, and we have been working here for years.”

Threshold’s Seattle office is led by managing director Kristen Bauer, a Seattle resident who joined Threshold as the firm’s first hired professional in 1998.

The family-owned firm provides investment guidance, financial planning, legacy planning and family office services, overseeing $2.7 billion in assets with 45 associates. The firm, which also has offices in Portland and Philadelphia, works with Russell Investments; the Russell family sold Russell Investments to Northwestern Mutual in 1999, a sale that led to the founding of Threshold.