SAN FRANCISCO, Dec. 16, 2021 /PRNewswire/ — Perigon Wealth Management (“Perigon”), a rapidly-growing independent wealth management firm with offices across the country and a unique approach to fueling advisors’ success by combining maximum independence with robust growth resources, announced today that it has acquired Baker & Associates, a financial planning-focused RIA based in Irvine, Calif. Perigon, which is financial advisor-owned and led, has over $3 billion in client assets and 50 professionals, while Baker & Associates has over $200 million in client assets.
Perigon accelerates the growth of financial advisors on its platform by providing them with an ecosystem of technology, practice management growth tools, recruiting assistance and access to a vibrant community of like-minded professionals, combined with a culture that empowers advisor independence and a holistic, strategic approach to succession planning.
The announcement demonstrates the compelling value proposition of Perigon Wealth Management’s platform as a preferred destination for financial advisors seeking to simplify their businesses, strengthen their client service capabilities and plug seamlessly into a digital client prospecting platform with a proven track record for robust lead generation and the conversion of leads into clients.
The firm views this acquisition as the starting point of a new wave of M&A and affiliation growth, driven by Perigon’s appeal to financial advisors seeking to enjoy operational autonomy, flexible affiliation models and multiple custodial relationships, in partnership with a firm that embraces advisor perspectives.
Leading the Way in Affiliation and M&A Flexibility
Underscoring the firm’s emphasis on choice and flexibility, Perigon offers independent financial advisor businesses the following options:
- Full merger or acquisition with Perigon
- Selling a minority stake in their business to Perigon
- Affiliating with Perigon as an independent financial advisor
- Joining the firm as a W-2 employee advisor
Arthur Ambarik, CEO of Perigon Wealth Management, said, “The days when independent financial advisors seeking growth must choose between either becoming part of an aggregator model or being recruited into a large firm, only to fight for scarce attention and service resources, are over. At Perigon, we believe that the future of the RIA space will be shaped by offering a true enterprise partnership to successful and experienced financial advisors.”
“Our ongoing strong growth validates our model as a proudly advisor-owned and advisor-led firm, with access to patient capital and a commitment to enabling advisors to customize the affiliation or partnership structure they want with our team. Looking ahead, we view this acquisition as the starting point of a new stage of expansion for Perigon, as we create an industry-leading enterprise that offers truly differentiated choices for financial advisors.”
Baker & Associates Acquisition