San Francisco-based Perigon Wealth Management announced today that it has bought Nevada firm Wealth Advisors, which adds $275 million in assets under management to Perigon's platform.
Founded in 2003 by current president Paul Drolson, Wealth Advisors is a Henderson, Nev.-based RIA with offices in San Diego County, Calif. Drolson will join Perigon as a partner, bringing with him four advisors and Wealth Advisors’ support staff.
“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,” Drolson said in comments released Wednesday. “I am excited to join [Perigon CEO Arthur Ambarik] 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.”
A veteran of American Express Financial Advisors and First Allied Securities, Drolson founded Wealth Advisors to serve wealthy individuals, families and small businesses with tax and retirement planning services.
Now a $5.6 billion RIA, Perigon has added teams in six markets throughout the country over the past two years, according to the announcement, including teams in New England, Atlanta and the San Francisco Bay Area.
“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 Ambarik in released comments. “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.”