Maridea Wealth Management has expanded its footprint in the Northeast with a landmark acquisition.
The Brooklyn, New York-based RIA announced this week that it has acquired Pultro Financial Management, a New Britain, Pennsylvania-based independent practice specializing in behavioral finance and retirement planning. The deal, which brings approximately $217 million in client assets onto Maridea's platform, marks the firm's first practice in Pennsylvania.
PFM was founded by Michael Pultro, who has spent 40 years in the industry. He is joined by his nephew, Brian Pultro, who has 11 years of industry experience and recently retired from the U.S. Navy as a commander after 20 years of service.
Michael and Brian Pultro, who both hold the Behavioral Financial Advisor designation, will join Maridea as senior investment advisors, continuing to lead the practice alongside Donna Mannas and Stephanie Gillard.
"We've spent four decades helping clients make sound decisions, especially when emotions run high," said Michael Pultro. "Partnering with Maridea lets us bring more resources to that work without changing the relationships at the center of it."
Along the same lines, Brian Pultro said the move "gives our clients access to more depth and more capabilities, while keeping the personal, relationship-first approach my uncle built this practice on."
"Michael and Brian have built something rare – a practice with real staying power, built on four decades of trust and a team that clients genuinely want to keep working with," said Mier Wang, founder and CEO of Maridea. "We're proud to welcome them as our first team in Pennsylvania, and we're looking forward to supporting their continued growth."
Maridea now operates twelve offices with more than 60 professionals managing approximately $1.8 billion in assets.
Legacy Edge Advisors, a fee-only independent RIA based in Syosset, New York, has named Christopher Weyrauch as its first-ever chief executive, a milestone the firm said marks a new chapter in its history.
Weyrauch previously served as president and CEO of wealth management for Citizens Financial Group from 2021 to 2024. Prior to that, he spent 28 years at TIAA, including as executive vice president and head of Individual Advisory Services and as chief executive of TIAA Life Insurance Company.
Legacy Edge Advisors serves a client base of individuals, families, and businesses. It oversees roughly $1.75 billion in regulatory AUM, with the lion's share coming from high-net-worth individuals, according to its most recent Form ADV from April.
"Chris Weyrauch brings deep industry experience and a proven understanding of the financial services landscape to Legacy Edge Advisors," said Scott Israel, founding partner of the firm. "I am confident he is the right person to lead Legacy Edge Advisors through its next phase of growth."
"Having known the team, many of whom I have worked with or known for more than 25 years, I have tremendous respect for what they have built," Weyrauch said. "I look forward to strengthening the firm's infrastructure, expanding its capabilities and creating even greater opportunities for its advisors, clients and team."
Charlotte, North Carolina-based Novare Capital Management, an employee-owned RIA overseeing more than $2 billion in assets, has hired Jessica Rickert as senior vice president, legacy planning specialist.
Rickert, who holds Series 7 and 66 licenses, spent 13 years at Vanguard, including eight as an ultra-high-net-worth relationship manager before moving into a family legacy specialist role.
"Successful wealth transfer isn't just about estate plans and investment strategies," said Managing Director Anne McPhail. "[Rickert] understands both the technical complexity and the human side of multigenerational planning, making her an exceptional fit for how we serve families at Novare."
"I've spent years helping families navigate transitions that often come with uncertainty and emotion," Rickert said. "By intentionally building relationships with the next generation early, advisors can help families move through those transitions with greater confidence and continuity."
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