New Horizons: Perigon Wealth Management's Climate-Conscious Expansion
Discover how Perigon's acquisition of Gitterman elevates sustainable investments, aligning with a $10.6-billion future.
In a remarkable stride towards sustainable investing, Perigon Wealth Management has acquired the climate-focused Gitterman Wealth Management, renowned for its dedication to sustainable investment principles. This strategic purchase significantly boosts Perigon’s client assets by \(1.3 billion, culminating in a formidable total of approximately \)10.6 billion.
The Gitterman Legacy
Gitterman Wealth Management, established in Edison, N.J., in 2000 by Jeffrey Gitterman, has long been a beacon of climate adaptation and resilience investing. At the core of its philosophy lies the SMART (Sustainability Metrics Applied to Risk Tolerance) Investing Solutions, which are tailored to hedge against the adverse impacts of extreme weather events. With investments in sustainable infrastructure and innovative water technologies, Gitterman’s strategies are increasingly vital as climate events escalate in both frequency and consequence.
A Mutual Respect
The acquisition marks the unification of shared values and years of mutual respect between the teams. Arthur Ambarik, CEO of Perigon, emphasizes the cultural alignment with Gitterman and the substantial value this collaboration adds for their clients. As noted by Jon Hoy, the president of Corporate Development at Perigon, this partnership stands as a testament to years of admiration for the ethical business and culture fostered by Jeffrey Gitterman and Eli Rauch.
Succession and Sustainable Future
Jeffrey Gitterman articulates that this partnership not only addresses succession planning but further enriches their operational methodologies. By integrating with Perigon, the Gitterman team secures a legacy of sustainable investment practices for future generations, enhancing their asset management strategies alongside Perigon’s reputable impact investing expertise.
Eli Rauch’s Journey
A seasoned professional with roots in banking, Eli Rauch joined Gitterman Wealth Management in 2000 and became a partner in 2010. His extensive expertise in catering to high-net-worth individuals and various institutional clients such as foundations and endowments enriches the unified firm’s offerings.
Empowering Client Portfolios
The merger empowers clients to consistently align their portfolios with personal values through tailored sustainable investment principles, selective industry exposure, or pinpointed impact investments. This expansion illustrates Perigon’s commitment to growth through cultural harmony rather than mere asset accumulation.
Embrace this journey of innovation and collaboration as Perigon and Gitterman pioneer a new chapter in wealth management. According to Alternatives Watch, this acquisition is a testament to the evolving landscape of sustainable investing.
