The group building the RIA is a three-generation family operation. Performance wealth, as the new group is named, has offices in Illinois, Florida and California.

Performance Wealth, a registered investment advisor in the US, has been launched by Salvino Wealth Management.

The nine-person Salvino team manages $2.2 billion in client assets.

"Our decision to create Performance Wealth was driven by the realization that we could do a lot more for our clients as an independent firm than we could affiliated with a financial services corporation,” Tom Salvino, chief executive, Performance Wealth, said.

Performance Wealth is also the story of three generations of the Salvino family. It begins with Al Salvino, a veteran wealth advisor who began his financial career in 1963. It continues with his sons Tom and John, a pair of Certified Financial Planners. Grace Salvino, represents the third generation of her family at Performance Wealth. 

The new RIA has offices in the Chicago suburb of Hinsdale, Illinois, Naples, Florida and San Diego, California.