RIA news: Perigon acquires New Jersey firms managing $1.6B, Savant expands in Chicagoland

Perigon Wealth Management and Savant Wealth Management have announced acquisitions to expand their respective reach and capabilities.

At Perigon, there is a duo of acquisitions in Edison, New Jersey as the independent RIA picks up Gitterman Wealth Management and Gitterman Asset Management. Together, these firms manage $1.3 billion in client assets. The deal takes Perigon’s AUM to more than $10.6 billion.

Gitterman’s client base includes individual investors, and college and university professionals via the New Jersey Alternate Benefit Program and the Public Employee Retirement System. Its partners, Jeffrey Gitterman and Eli Rauch will become managing directors at Perigon.

The firm and its team of six has a strong foundation of climate-based investing and a suite of global climate-aware allocation strategies available to financial advisor firms and individual investors. Gitterman, who founded the business in 2000, is a recognized leader in the space.

"We are thrilled to welcome Jeff, Eli and their entire team to Perigon,” says Jon Hoy, Perigon’s president of corporate development. “Many of us have known and respected Jeff for years, and we admire the business and culture that he and Eli have built. This partnership is rooted in trust, shared values, and long-standing relationships. Bringing our organizations together will strengthen our capabilities while preserving what makes both firms unique—a deep commitment to our clients and our people."

Savant expands

Meanwhile, Savant has acquired $557 million AUM RIA Gryphon Advisors, based in Evanston, Illinois. It marks Savant’s eighth office in Chicagoland.

Gryphon was founded 20 years ago by D. Douglas Close, CPA, CFP, who becomes a member-owner at Savant along with two other principals, The firm’s three principals, John Swee, CFP, MBA, and Anthony Sapienza, CFP. The firm’s seven employees have transitioned to Savant.

The firm is Savant’s fifth of 2025 and brings its office total to 46 across 20 states. But Savant founder and CEO, Brent Brodeski, CPA, CFP, CFA, MBA, says the acquisition offers more than just another location.

“In addition to its planning-forward philosophy, Gryphon also brings an extensive tax practice to Savant, which is an important focus area for us,” he explains. “At a time when the accounting profession is shrinking in the US, we are committed to growing and bolstering tax-related capabilities within our advisory team, as well as our tax business.”