San Francisco-based RIA Perigon is celebrating Valentine's Day by unveiling a hefty addition to its independent advisor network.
Perigon Wealth Management has acquired Prudeo Partners, an independent asset management and planning practice with offices in Reading, Pennsylvania, and West Columbia, South Carolina.
The move adds approximately $425 million in client assets to Perigon’s portfolio, bringing its client assets to around $6.9 billion as of January 31.
"Prudeo’s practice is built upon delivering a client-centric, goal-oriented financial plan and that is a perfect fit for the culture we continue to build at Perigon,” Arthur Ambarik, CEO of Perigon, said in a statement. “We are thrilled to work closely with the team as they drive meaningful growth for their practice by delivering for their clients."
Prudeo Partners has two offices in Reading, Pennsylvania, and West Columbia, South Carolina. Its team is led by Michael Krumholz and Andrew Todd, who are joining Perigon as partner and wealth advisor, respectively.
“We knew early in our discussion that Perigon would provide our team, and importantly our clients, with what we needed for the next phase of our growth," said Krumholz, who praised the support his new firm provides with customized financial planning, investment and technology options, and flexible affiliation model.
For his part, Todd commended the "strong and well-defined culture at Perigon that puts advisors in charge of decisions throughout the business.”
Coming along for the transition are financial advisors Sheila Little and Manuel Villegas, as well as a support staff of individuals in various client relationship, operations, and research positions.
Recently, the firm unveiled plans to better serve high-net-worth athletes through a partnership with Premier Sports Network.
It has engaged in several strategic initiatives over the years, including receiving a minority investment from Constellation Wealth Capital and merging with PM Wealth Management, as well as forming a strategic alliance with Prager Metis tax advisory firm and acquiring Nauset Wealth Management.
Medicare scam, pandemic benefit theft, offshore tax evasion — federal prosecutors are casting a wide net.
Report finds that pension income acts as a financial lifeline for retirees facing late-life shocks and raises urgent questions about the DC-only future.
Nine-month electronic trading freeze and share lending program at the center of dismissed claim.
Meanwhile, Rossby Financial's leadership buildout rolls on with a new COO appointment as Balefire Wealth welcomes a distinguished retirement specialist to its national network.
With a smaller group of companies driving stock market performance, advisors must work more intentionally to manage concentration risks within client portfolios.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
