Perigon Wealth Management, a rapidly growing independent wealth management firm in San Francisco with about $4.8 billion in client assets, has acquired Stakeholders Capital, which has $145 million in assets under management, Perigon announced today.
Stakeholders Capital, an Amherst, Mass., based wealth management firm, is led by former Wall Street options trader Andrew Bellak. The firm also has an office in Santa Monica, Calif., headed by Gregory Wendt.
Perigon also announced that wealth advisor Sheetal Bagde of Cognizant Wealth Advisors has affiliated with Perigon. Cognizant, an independent financial planning firm, is based in Palo Alto and has $100 million in AUM.
"Perigon is proud that our flexible affiliation models attract such experienced individuals and teams,” Art Ambarik, Perigon’s CEO said in a statement. The addition of Stakeholders Capital and Badge’s firm expand Perigon’s footprint across the nation.
Stakeholders Capital and its team of six advisors and staff will continue to operate under its own brand, and Bagde will continue to operate as Cognizant.
Stakeholders Capital, founded in 2008, specializes in ESG and impact investing. Prior to creating Stakeholders, the leadership team started an options trading firm that was acquired by Goldman Sachs.
Bagde serves high-net-worth families in the areas of investments, taxation, stock options and estate planning. She also provides pro-bono financial planning for single mothers through the Women's Achievement Network and Development Alliance.
Perigon, an advisor-led firm, has added teams and offices across five major markets since December 2021, including New England and the San Francisco Bay Area.