Perigon Wealth Management, a $4 billion registered investment advisory firm that's based in San Francisco, has acquired Nauset Wealth Management, a Westport, Connecticut-based RIA managing $330 million.
Michael Lombardo, who founded Nauset in 2000, will join Perigon as a partner. The firm's four-person staff will join him in making the move.
"We are excited to join Perigon at such a dynamic time for the firm," Lombardo said in a statement. "Perigon was the right partner to help grow our practice while maintaining our client-centric culture."
Separately, Perigon has hired Tom Tolleson, formerly with Catalyst Wealth Management in Atlanta. He will open an office in that city for Perigon.
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It is not clear how many employees will be affected, but none of the private partnership's 20,000 financial advisors will see their jobs at risk.
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