Perigon Acquires $425M PA Advisory Group

Perigon Wealth Management LLC, a rapidly growing independent registered investment advisory firm that manages approximately $6.9 billion in client assets, has acquired $425 million wealth management firm Prudeo Partners.

Financial terms of the deal were not disclosed.

With offices in Reading, PA and West Columbia, SC, the Prudeo team includes partners Michael Krumholz and Andrew Todd, who join Perigon as partner and wealth advisor, respectively.

The team also includes financial advisors Sheila Little and Manuel Villegas, along with client relationship manager Sally McFarland, operations manager Jennifer Shroyer, operations specialist Sara Smith and research assistant Josh Krumholz.

Perigon’s advisor-led approach was an attractive characteristic for Prudeo. “”The strong and well-defined culture at Perigon that puts advisors in charge of decisions throughout the business gives us the confidence that our decisions regarding how we deliver services that enable each of our clients to reach their unique financial goals will be respected,” said Andrew Todd, a partner at Prudeo.

Perigon, led by CEO Art Ambarik, has added teams and offices across six major markets since December 2021, including New England and the San Francisco Bay Area.

Earlier this year, San Francisco–based Perigon received a minority investment from Constellation Wealth Capital, the new RIA investment vehicle of former Emigrant Partners CEO Karl Heckenberg, and ended its partnership with Merchant Investment Management.

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 of that year, Perigon announced it acquired Nauset Wealth Management.