Angeles Wealth Management has appointed Jonah Cave as chief growth officer, a newly created position focused on expanding the firm's client base and identifying acquisition opportunities within the high-net-worth and ultra-high-net-worth markets.
Cave, who will be based in Dallas, brings three decades of experience spanning capital markets, private investments, family offices and wealth management. He joins the RIA from CH Investment Partners, a Dallas-based multi-family office, where he served as senior managing director and head of Partner Relations. Earlier in his career, he held senior leadership roles at Merrill Lynch, Bank of America Merrill Lynch and UBS, managing teams and large institutional client relationships.
The appointment comes as Angeles Wealth continues expanding at a rapid pace. The firm reported $2.6 billion in AUM as of September 30, representing more than a tenfold increase since 2018. The RIA operates across three offices – Santa Monica, New York City and Houston – serving generationally wealthy families with comprehensive wealth advice and investment solutions.
"I'm energized by the opportunity to help our advisors share our story and unlock new opportunities across the firm," Cave said in the statement announcing his hiring Monday. "Nationally and in our key markets of California, New York and Texas, we see a tremendous opportunity to serve more families with sophisticated needs."
Cave will oversee the firm's business development and growth initiatives. His mandate includes supporting advisor expansion and strengthening client engagement, along with identifying strategic inorganic growth opportunities.
The inorganic growth piece might be a tough one. According to the most recent RIA M&A deal snapshot by Devoe & Company, independent RIA buyers gained market share in recent years as high interest rates caused consolidators to pull back. But consolidators have made a comeback in 2025, pushing indie RIAs' share of buying activity down to 28% from 38% in 2024.
The RIA's leadership has emphasized its differentiation in the market through an integrated model that combines private wealth expertise with institutional-grade investment capabilities. Angeles Wealth operates alongside its affiliate, Angeles Investment Advisors, which manages nearly $7.1 billion in discretionary assets and $35.6 billion in assets under advisement as of mid-2025.
Cave's arrival at Angeles Wealth comes roughly six months after the firm welcomed Cameron Rogers as its newest partner. Rogers came to Angeles Wealth shortly after her previous firm, Ellevest, announced plans to exit its robo-advice business, transferring its assets to rival digital investment platform Betterment so it could focus more on financial planning and wealth management for HNW and UHNW clients.
“As a woman in the wealth management industry, it’s important for me to be part of a firm that not only values diversity as part of its leadership and advisory team, but also believes in the power of educating and empowering women in their financial lives,” Rogers said at the time.
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