National RIA firm Angeles Wealth Management has hired "financial architect" Rick Nott as a managing director in its office in Santa Monica, California.
He joins the $1.7 billion AUM firm following seven years at LourdMurray, where he was senior wealth manager, in a 15-year career which has also included roles at AdvicePeriod, Signature Estate and Investment Advisors, and United Capital Financial Advisors.
“My career began during the global financial crisis, where I learned the value of crafting a financial design that is not only aligned with client goals, but that is structured to encourage a long-term focus on generational wealth creation and preservation,” Nott said. “I’m excited to be joining Angeles Wealth, and its team-oriented approach, that maintains a culture of constant growth, learning and improvement.”
The past six years have seen strong organic growth for Angeles Wealth, with almost 40% compound annual growth in AUM, and a 40% year-over-year growth in 2023 alone.
The firm’s private wealth team has been an important focus, and Nott will be creating bespoke plans and investment portfolios for ultra-high-net-worth families and individuals, including athletes, business owners and entrepreneurs.
“Just as an architect purposefully designs a house to withstand the elements, Rick applies a similar approach to financial planning for clients. His process seeks to provide stability and a runway for building and protecting multi-generational wealth,” said Jonathan Foster, president and CEO of Angeles Wealth. “The enemy of planning is emotion, and Rick’s focus on the long-term view will help our clients navigate their wealth across generations.”
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