Perigon Sets Sights on UHNW and Multifamily Office Segments

Perigon Acquires Family and Ultra-High Net Worth Specialist, Bolsters Management Team and Expands Atlanta Footprint, Demonstrating Strength of Flexible Recruiting

Perigon Wealth Management, the fast-growing, San Francisco Bay Area-based independent wealth management and RIA firm, recently announced several moves including the acquisition of Matthai Capital Management, which provides services to ultra-high net worth clients and families nationwide.

Minority owned by Merchant Investment Management, Perigon is rapidly building a reputation as a firm that offers an exceptional level of flexibility in both M&A and affiliation models. With the M&A model, the firm takes majority and minority equity stakes and with the affiliation model via recruiting, Perigon offers financial advisors the ability to affiliate as independent contractors as well as employee advisors.

Launchpad for UHNW Expansion

Perigon’s acquisition of Baltimore-based Matthai creates a launchpad for the firm to redouble its aggressive expansion within the ultra-high net worth and multifamily office segments of wealth management.

According to Perigon CEO Arthur Ambarik, Matthai’s addition gives “Perigon additional exposure to the family office segment, a strategic growth area for us as we look to take advantage of the confluence of strong investment potential and the surging intergenerational transfers of wealth happening across the country.”

Commenting on Perigon’s foray into the family office space, Jeff Nash, CEO of BridgeMark Strategies, a wealth management-focused strategic consultancy and financial advisor recruiting firm, said, “The RIA and wirehouse breakaway space has become increasingly competitive.”

“Perigon has been successful creating a niche for like-minded advisors focusing on not just high net worth clients, but also HNW clients that are among the new generations of wealth from the tech industry and other entrepreneurs. Now that Perigon has achieved some scale, I would expect them to continue to have success in this part of the industry.”

New Recruits Drive Momentum

In addition, Perigon reinforced its executive ranks by appointing Stephen Colavito to Chief Investment Officer, Courtney Holt as Chief Compliance Officer & Head of People and Beth Bosworth to Head of Wealth Planning, and expanded its Atlanta hub presence with the recruitment of two advisors.

The Atlanta recruits combined with the acquisition of Matthai raised Perigon’s assets under management by $215 million to $3.6 billion.

These transactions follow on the heels of a wide range of increased M&A and recruiting growth activity for Perigon over the past 12 months including the mid-December acquisition of Baker & Associates, a $200 million independent RIA.

“The accelerated growth that we have generated as a firm is very much a function of our ability to embrace the widest possible spectrum of acquisition and affiliation approaches,” said Ambarik. 

“From change of control acquisitions to minority stake acquisitions of independent financial advisor businesses, to recruiting financial advisors as independent contractors or W2 employees, we are well-positioned to lead the industry in flexibility and commitment to advisor and client service.”
Julius Buchanan, Senior Contributing Editor at Wealth Solutions Report, can be reached at jbuchanan@wealthsolutionsreport.com