Berkshire Global Advisors client Presidio Capital Advisors is acquired by Tiedemann Wealth Management

Seller Details
Presidio Capital Advisors, an independent wealth advisory firm and a subsidiary of The Presidio Group LLC, was founded in 1997 with the simple mission to relentlessly put the interests of its clients first. By steadfastly adhering to this philosophy, the firm has earned the trust of affluent families, organizations and businesses throughout the United States. The firm’s seasoned professionals create client relationships based on mutual respect, a commitment to durable, long-term results and a culture of accountability. Today, Presidio Capital Advisors has approximately $4 billion under management with offices in San Francisco, Dallas and Washington, D.C.

Buyer Details
Tiedemann Wealth Management is an independent wealth advisor with a singular focus – working in partnership with clients to achieve their specific financial goals. Tiedemann provides high net worth individuals, wealthy families, and trusts and foundations with customized, objective investment management and wealth planning services. An owner-managed firm, Tiedemann oversees approximately $9 billion in investable assets. Founded in 1999, Tiedemann Wealth Management is headquartered in New York, with offices in Palm Beach and San Francisco. The Firm provides trust services through Tiedemann Trust Company, a state-chartered trust company located in Delaware.

Transaction Summary
The combined firm will operate under the Tiedemann Wealth Management brand with approximately $13 billion in assets under advisement and offices in New York, San Francisco, Dallas, Palm Beach, Wilmington, DE and Washington, D.C. Michael Tiedemann, CEO of TWM, and Craig Smith, President of TWM, will maintain their roles as CEO and President of the combined firm. Terms of the transaction were not disclosed.