Perigon Wealth Management Recruits More Than $750M in AUM

Perigon Wealth Management announced Tuesday that it added a combined $750 million in assets under management with recent acquisitions on both coasts.

On the West Coast, veteran investment advisor Stephen Sparolini brings nearly 20 years of experience and a book of business worth more than $550 million. Affiliated with Washington-based brokerage firm Fisher Investments for the last 14 years, Sparolini is now working under the Perigon brand from California’s San Francisco Bay area.

On the other side of the country, in Wilmington, Delaware, Greenville Financial Group will bring another $200 million in AUM, five advisors and one office manager under the Perigon name.

“These outstanding professionals had other opportunities,” said Perigon President Jeremy Paul. “We’re grateful they chose Perigon, which gives advisors an unparalleled level of flexibility and support, enabling them to provide clients with a top-flight service experience.” 

“I was determined to find an enabling partner that not only understood our culture and appreciated the nuances of our firm but could avail us of the latest operational, custodial and investment solutions,” said Greenville founder John E. T. Taylor, who told his clients that the move will allow him to focus on regular client meetings and more in-depth wealth planning and investment advice.

Founded in 2004, Perigon followed an organic growth trajectory until it began to recruit independent advisors as tuck-ins to the platform in 2017. Around 2020, the firm began pursuing a mergers and acquisitions strategy in addition to continued recruitment efforts. Since late 2021, Perigon has added teams and offices across four major markets and been recognized as a leading growth firm with assets in excess of $3 billion.

Perigon announced the additions of Stephen Colavito as chief investment officer, Courtney Holt as chief compliance officer and Beth Bosworth as head of wealth planning earlier this year.

The advisor-led firm believes that its flexible affiliation models make it appealing to potential partners. Independent financial advisors are offered the opportunity to complete a full merger or acquisition, sell a minority stake, affiliate as an independent advisor or join as W-2 employees.

“Perigon’s client-centric approach, robust investment management team and breadth of planning offerings made joining the firm an easy decision,” said Sparolini.