Perigon Merges with PM Wealth Management, Forms Strategic Alliance with Prager Metis
Perigon Wealth Management, an independent wealth management firm with $3.6 billion in client assets, has merged with PM Wealth Management.
Perigon Wealth Management, an independent wealth management firm with $3.6 billion in client assets, has merged with PM Wealth Management, a New York-based registered investment advisor with nearly $750 million in assets under management. Following the merger, Perigon will have more than 50 financial advisors and approximately $4.3 billion in assets under management. Financial terms were not disclosed.
Previously, PM Wealth was part of Prager Metis, an accounting and advisory firm affiliated with Prager Metis International LLC. The transaction, expected to close in November, merges PM Wealth Management with Perigon’s nationwide team, with PM Wealth continuing to operate under its own brand, and the firm’s leaders joining the senior executive team of Perigon.
As part of this merger, Perigon has formed a strategic alliance with Prager Metis. Perigon will serve as the preferred wealth management solution for Prager Metis tax clients. Prager Metis will become one of the preferred tax firms Perigon utilizes to deliver holistic tax services to its existing and future clients.
The companies said that “the alliance creates a structure for seamless client referrals between the two firms, enabling each to address the widest possible wealth management and tax advisory needs of their respective clients.” Perigon will remain “tax agnostic” and able to work with any tax firm that provides services that align with its clients’ needs.
“This partnership broadens our tax advisory referral resources via Prager Metis to our clients, while establishing Perigon as the wealth management referral firm of choice for the clients of Prager Metis,” said Jonathan Hoy, Perigon’s chief operating officer.
Since December, Perigon added Matthai Capital Management, a Baltimore-based independent RIA; Baker & Associates, an Irvine, California-based RIA, and Greenville Financial Group of Wilmington, Delaware.
Perigon Wealth Management is an independent RIA firm with over $3 billion in client assets. PM Wealth Management is a full-service RIA that provides advice on retirement, insurance, tax plans from its primary offices in New York and New Jersey. Prager Metis is an accounting and advisory firm, offering accounting, audit, tax, consulting, and international services.
