According to a press release, Salient’s clients are primarily C-level executives and other high-wealth families located in Northern California who have no less than $2 million to invest.
For advisers to qualify for Fidelity Wealth Advisor Solutions, they must meet certain criteria involving a detailed evaluation of their business model, level of experience and the products and services they offer.
“We are extremely pleased to have been selected to participate in this program,’ said Richard Stone, the chief executive officer and president of the firm. “We were told that we were selected because our comprehensive wealth management services complement Fidelity’s guidance offering for its high-net-worth customers and we could be an appropriate choice for those customers who are seeking the personalized service offered by a fee-based adviser.’
Salient Wealth Management, formerly known as Salient Financial Corp., has $400 million in assets under management.