People Moves

San Francisco-Based Wealth House Bulks Up

Tom Burroughes, Group Editor, May 24, 2022

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The firm, with a strong West Coast presence as well as locations in other parts of the US, has added teams and offices across four markets since December 2021.

Perigon Wealth Management, a US wealth manager and RIA with more than $3 billion in client assets, has added an advisor overseeing more than $550 million to its business and a business managing $200 million. 

The San Francisco-based business has added Greenville Financial Group. Based in Wilmington, Delaware and founded in January 2000, Greenville was founded by John E T Taylor and his team of four advisors and one office manager. They now serve their clients as Perigon Wealth Management.

In the other move, Perigon has recruited investment advisor Stephen Sparolini. Sparolini has nearly 20 years of experience working with high net worth and ultra-high net worth individuals, managing a book of business worth more than $550 million. He will work under the Perigon brand from the San Francisco Bay area. 

Perigon provides advisors with affiliation models, multiple custodial relationships and the ability to plug into a digital client prospecting platform. Earlier this year, it added Stephen Colavito (chief investment officer), Courtney Holt (chief compliance officer and head of people) and Beth Bosworth (head of wealth planning) to its senior leadership team. 

The firm has added teams and offices across four markets since December 2021. Besides its presence in San Francisco, it also has offices across the US, including New York, Hawaii, New Jersey, Florida and Delaware. The firm’s lines of advice include work with athletes, musicians and entertainers.

The addition of the firms is another sign of the M&A activity that has been a feature of the North American wealth sector in recent years, driven by advisors' desire to partner with firms and pool costs, or seek eventual exits from a business, as well as by demand for economies of scale to handle rising regulatory burdens and client demands. 

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