Wealth Management Firms Merge

San Francisco’s Kochis Fitz, an independent wealth management firm, has agreed to merge with Los Angeles-based Quintile Wealth Management as of Jan. 1, the companies announced Monday.

The combined firm, to be known as Kochis Fitz/Quintile until a new name is found, will be the largest independent wealth management and family office business in California and among the three largest in the nation, company officials said. Headquartered in San Francisco, the new company will manage or advise on more than $5 billion in assets.

“Both firms are passionately dedicated to providing our clients with conflict-free advice, and with this merger, we have formed an ownership structure that permits us to sustain our independence indefinitely,” said Tim Kochis, co-founder and chief executive officer of Kochis Fitz.

Kochis will serve as CEO of the merged firm until mid to late 2009, when Rob Francais, CEO and co-founder of Quintile, will succeed him.

The firm also named 18 new principals from both Kochis Fitz and Quintile as equity participants, giving the company 32 employee-owners.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Uber, Lyft and DoorDash bring their battle against AB5 to November ballot

Measure would classify app-based drivers as independent contractors, offer some additional benefits

Small, impassioned crowd celebrates the Fourth of July with protest for affirmative action

Lawmakers and marchers urge voters to pass Proposition 16 in the November ballot

Union threatens legal action after Police Commission expands use-of-force policy

San Francisco’s police union is pursuing legal action after the Police Commission… Continue reading

Giants announce health guidelines for Oracle Park

The San Francisco Giants announced Friday that the organization’s maintenance team will… Continue reading

Restorative art on the inside and out

Curator Ericka Scott organizes exhibition of works by prisoners

Most Read