Perigon Wealth Management, an independent wealth management firm with more than $5.6 billion in client assets under management, announced it has acquired Wealth Advisors Inc., a registered investment advisor with more than $275 million assets under management.
The firm says the transaction “extends Perigon’s footprint into Nevada and enhances their California presence with an office in San Diego County.”
Wealth Advisors founder and president Paul Drolson will become a partner at Perigon. He joins Perigon with his team of four advisors and support staff.
“Over the past several years, we have been able to attract incredible advisors to the Perigon team by offering a range of affiliation models and the flexibility top advisory professionals demand,” said Arthur Ambarik, Perigon’s chief executive officer. “Paul and his team exemplify the kind of professionals who can thrive as a part of the Perigon Wealth family, and we look forward to ensuring they are well-positioned to deliver the highest level of service their clients demand.”
Leveraging his experience in tax and retirement planning services, Drolson founded Wealth Advisors in 2003 to serve high-net-worth individuals, families and small businesses. He previously worked for American Express Financial Advisors in marketing and management roles and at First Allied Securities Inc. as an investment adviser representative and registered representative.
Drolson said, “As I considered the options for the next phase of our firm, it became clear that we needed a partner that understood the value of both the advisor-client relationship and flexibility to drive unique solutions for each situation. I am excited to join Art and the Perigon team as they bring the technology, solutions and capital to the table that enables us to deliver an exceptional client experience catered to the specific needs of our clients.”
Perigon has added teams and offices across six major markets since December 2021, including New England and the San Francisco Bay Area. In September 2022, the firm announced a merger with PM Wealth Management and formed “a strategic alliance” with Prager Metis tax advisory firm. In November 2022, Perigon announced it acquired Nauset Wealth Management, also and expanded its Atlanta office.