California-based RIA Perigon Wealth Management has merged operations with Florida-based peer RLP Wealth Advisors.
The consolidated entity will adopt the Perigon Wealth Management brand and manage around $1.8bn in assets.
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Its branch network will be spread out across California, Florida, Montana, New York, New Jersey as well as Hawaii.
As part of the deal, RLP’s Jeremy Paul will become Perigon president.
Paul welcomed the deal, saying that the two companies will be “significantly stronger” after the amalgamation than when they operated alone.
Perigon CEO Arthur Ambarik said: “We are most excited about the cultural alignment and client value-add that the RLP team brings to Perigon.
“Both firms are growth-minded and client-centric — and we are very much looking forward to integrating RLP’s deep expertise in socially responsible investing into Perigon’s client portfolios.”
The plan to combine businesses was supported by the firms’ joint strategic partner Merchant Investment Management.
Merchant managing partner Bryan Staff said: “This combination represents not only a well-planned and well-executed merger of like-minded, multi-functional and multi-custodial wealth management organisations, but is also a terrific illustration of the power and synergies within the Merchant ecosystem.”
RLP focuses on investment strategies that are sustainable. It caters to individuals and families, entrepreneurs, nonprofit organisations, and corporations.
