Tuesday, July 10, 2018
Two Washington Leaders Join Forces in Innovative, Trendsetting Partnership
Seattle, WA – Brighton Jones, the largest Registered Investment Advisor (RIA) in Washington, has acquired a majority interest in Blueprint Capital Services, the manager of Seattle’s leading real estate investment trust (REIT). The extraordinary growth and now combination of these two businesses is notable given their respective impact on the Seattle business community. The deal also solidifies Brighton Jones’ position as the most comprehensive resource for high net-worth individuals in the Pacific Northwest.
“Through our acquisition of Blueprint, we gain access to exclusive investment opportunities in private real estate and private credit for our clients,” said Jon Jones, co-founder and CEO of Brighton Jones. “Not only does this acquisition open the door to attractive investment opportunities, but we are also bringing in brilliant real estate minds who can help us add more value when advising clients on personal real estate transactions.”
What’s more, the acquisition signifies an innovative growth strategy for Brighton Jones, as the broader RIA industry has long been marked by growth via inorganic consolidation. In this transaction, Brighton Jones has sought to acquire a company that helps extend its areas of expertise. The company prides itself on being the industry leader in providing holistic advice around their clients’ entire balance sheet.
“We’ve spent nine years growing Blueprint in Seattle and watched the industry and the community experience huge change. As a leader in this space, we are thrilled to partner with another notable leader to offer more to our REIT investors, to Brighton Jones clients, and to the Seattle community,” said Mark Knoll, CEO of Blueprint Capital Services.
The news isn’t just a win for Brighton Jones and Blueprint clients—it’s also a win for the Seattle community and beyond. Both organizations have long been philanthropic leaders who continue to invest extensively in the Pacific Northwest and abroad. Brighton Jones, a recipient of both the 2017 Corporations for Communities Award from Washington Secretary of State Kim Wyman and the 2018 Governor’s Volunteer Service Award, recently celebrated the opening of a volunteer guesthouse in Kajiado, Kenya. The project, made possible through the contributions and creativity of Brighton Jones employees and clients, serves as a place of learning, connection, and refuge for children in need. For their part, Blueprint believes that quality housing is fundamental to stronger families and communities. In that spirit, the firm partnered with Seattle’s Union Gospel Mission—donating $500,000 in land, labor, and materials in the process—to create more than a dozen units of transitional housing for at-risk women and children.
“By combining the time, talent, and treasure of two companies with such rich histories of focusing on causes and organizations near and dear to the hearts of our employees and clients alike, I can only begin to imagine the impact we can have on those in need,” said Jones. “There’s nothing more rewarding as an individual or an organization than to help others, and I am excited to see the good we can do by bringing our passionate teams together under one roof.”
About Brighton Jones
Brighton Jones is a nationally-recognized Registered Investment Advisor based in Seattle. The firm, a “100 Best Companies to Work For” honoree 11 years running, provides wealth management services to executives, entrepreneurs, and other individuals and families of substantial income or assets. Brighton Jones fills the role of their clients’ Personal CFO, advising them on all aspects of their financial picture. The firm’s expertise includes investments, insurance, estate and tax planning, philanthropic strategy, and retirement, to name a few. After getting its start as a two-person shop less than two decades ago, Brighton Jones now has more than 150 employees and has opened additional offices in San Francisco, Portland, Washington, D.C., and Scottsdale.
About Blueprint Capital Services, LLC
Blueprint Capital Services, LLC, a majority-owned subsidiary of Brighton Jones, serves as the external manager of Blueprint Capital REIT, Inc., Seattle’s leading real estate investment trust which provides construction financing to small-scale builders and develops income producing property for long-term value. Blueprint guides the REIT’s business strategy, sources and manages its real estate assets and oversees investor relations. Since 2010, Blueprint has originated over $1 billion in loans and has developed over 2,500 units for its customers and the REIT portfolio.
This press release was originally published by PR Newswire.
Puget Sound Business Journal: Washington’s largest wealth management firm buys into Seattle housing lender (subscriber-access only)