An $8.2 billion AUM independent RIA has bolstered its management team as it positions itself for further growth.
San Francisco headquartered Perigon Wealth Management has hired experienced executives from LPL Financial and Cresset Partners in its latest leadership hires following the recent addition of a new chief financial officer and two newly created growth-focused roles.
Jonathan Robbins joins the rapidly growing firm as general counsel and chief compliance officer having held a senior vice-president and CCO role for LPL Financial’s advisory businesses.
His financial services career path began at Morgan Stanley in San Francisco where he was executive director and senior counsel. Previously he was an attorney with the international law firms Wilson Sonsini Goodrich & Rosati and Patton Boggs LLP.
“The RIA space has developed a great deal in the past five years, and I’ve been incredibly impressed with the rapid and sustained growth of Perigon,” he said. “But more impressive has been its dedication to delivering flexibility to its advisors and incredible service to clients. I look forward to working closely with [Perigon CEO Arthur Ambarik] and the entire executive team to build a legal and compliance program that will enable Perigon to achieve its goals.”
Meanwhile, Michael Mignosi has been hired as director of organic growth, having previously been director of marketing at Cresset Partners where he established a digital advertising program and introduced a successful customer retention program.
The newly created role is focused on supporting and identifying organic growth opportunities for the firm’s advisors and will draw on his more than a decade of experience in developing and implementing strategies in wealth management, real estate, technology, and branding.
Mignosi will report to Maria Daley, Perigon’s head of advisor success and integration who joined the firm in May.
“We strive to create a culture of partnership among our leadership team that serves our advisors' best interests,” Ambarik said. “We worked closely with our private-equity partner Constellation Wealth Capital to identify the right people with the experience and potential to continue growing with our team. It was critical to find people who share Perigon’s core values of accountability, authenticity and positivity. Jonathan and Michael embody these characteristics, and we’re thrilled to have them both on board.”
Stifel has paid or is on the hook for close to a staggering $200 million in damages and settlements to former clients of Chuck Roberts.
UBS also expanded in the Southeast with six advisors overseeing more than $2 billion, while Osaic lured a $300 million family-led practice from Wells Fargo's FiNet.
The new AI workspace rollout promises to automate the full advisor workflow just as third-party tools wage a turf war for central control of wealth firms' tech stacks.
Mega-RIA picks up $250M advisor, while three firms head for &Partners.
Advisors who wait for a wealth event to introduce themselves to the next generation are already too late.
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
As $84 trillion prepares to change hands, advisors who treat estate planning as peripheral are quietly building a sieve, not a book.
