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Perigon Wealth Grows Presence in NY, MI Through Latest Acquisitions

Perigon Wealth Grows Presence in NY, MI Through Latest Acquisitions. Registered investment adviser, RIA, acquisition, Perigon Wealth Management, Blue Water Capital Management, Lumin Financial, New York, Michigan

Perigon Wealth Management LLC, a rapidly growing independent wealth management firm with offices across the country and approximately $6.9 billion in client assets as of Jan. 31, 2024, has acquired Blue Water Capital Management LLC of New York and Lumin Financial LLC of Michigan. The firms have collective assets under management of approximately $375 million.

“We are thrilled to welcome these teams to Perigon,” said Arthur Ambarik, Perigon’s chief executive officer. “Our range of affiliation models and adviser support continue to make our majority adviser-owned firm an attractive partner for growing financial practices. We look forward to a partnership that allows the advisers and staff joining Perigon to continue delivering results for their clients.”

Blue Water Capital Management is a Syracuse, N.Y.-based registered investment adviser founded in 2007 and now with approximately $200 million in AUM, to provide portfolio management for financial advisers, retirement plan solutions for employers, and financial planning for investors.

Lumin Financial is a Southfield, Mich., advisory firm founded in 2000 to provide investment advisory services to employer-sponsored ERISA retirement plans and 401(k) plan participants. It also provides investment advisory services to high-net-worth investors and has approximately $175 million in AUM.

Perigon recently announced Constellation Wealth Capital as a new minority investment partner to enhance its strategic expansion through flexible affiliations. The firm added teams and offices across six major markets since December 2021. In September 2022, the firm announced a merger with PM Wealth Management LLC and formed a strategic alliance with Prager Metis CPAs LLC, a tax advisory firm. In November of that year, Perigon announced it acquired Nauset Wealth Management LLC and expanded its Atlanta office.

Alaris Acquisitions, a mergers and acquisitions served as the adviser for the Blue Water transaction. FP Transitions served as the adviser for the Lumin Financial transaction.

Perigon Wealth Management is an independent RIA firm with approximately $6.9 billion in client assets as of January 2024.

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