The Bay will meet L.A. as two major California advisors announced a merger on Monday.
Los Angeles-based Aspiriant has announced that it will merge with the Mountain View, Calif.-based Stanford Investment Group.
Stanford’s team will remain in place, with five of its employees becoming shareholders in Aspiriant, and the firm’s Mountain View headquarters will become Aspiriant’s Silicon Valley office.
After Stanford brings over $850 million in client assets in the merger, Aspiriant will have more than $10 billion in assets under management and 10 offices throughout the country.
The merger is expected to close on Jan. 31.