Perigon Wealth Management, an investment advisory firm with offices nationwide and approximately $9.3 billion in client assets, has announced the acquisition of Gitterman Wealth Management and Gitterman Asset Management.
The firm based in Edison, New Jersey, manages $1.3 billion in client assets, demonstrating its expertise and dedication to wealth management. The team, comprising six skilled wealth managers, specializes in delivering personalized financial services to individual investors. They also cater to college and university professionals through programs such as the New Jersey Alternate Benefit Program (ABP) and the Public Employee Retirement System (PERS), enabling them to serve a diverse range of clients effectively.
As part of a strategic move, Gitterman partners Jeffrey Gitterman and Eli Rauch are set to become Managing Directors at Perigon. This acquisition not only highlights the firm’s growth trajectory but also underscores Perigon’s commitment to forging partnerships with firms that align with its core values, culture, and client-focused philosophy. This alignment ensures that growth is evaluated not merely by the increase in assets under management but by the reinforcement of shared principles and ethical practices.
Following the integration of Gitterman Wealth Management, Perigon’s total assets under management are expected to increase significantly to approximately $10.6 billion, marking a substantial milestone in the company’s growth.
Jeffrey Gitterman is renowned in the climate-focused investing sphere, where he is recognized for his strong emphasis on climate adaptation and resilience strategies. He established Gitterman Wealth Management in 2000 to provide specialized wealth management services tailored to high-net-worth individuals and professionals in higher education. His innovative contributions include co-founding a comprehensive suite of global climate-aware allocation strategies designed to be accessible to financial advisory firms and individual investors seeking sustainable investment opportunities.
Eli Rauch started his career in the financial services sector with a strong foundation in banking before joining Gitterman Wealth Management as an advisor in 2000. His commitment and expertise led him to become a partner within a decade.
Rauch’s focus is particularly on serving high-net-worth individuals, small business owners, foundations, and endowments, where he applies his skills to help clients navigate complex financial landscapes and achieve their wealth management goals. Through their combined expertise, Gitterman and Rauch are poised to enhance Perigon’s offerings and client services in the financial industry.
KEY QUOTES:
“Perigon’s growth strategy is rooted in partnering with firms and individuals who align with our culture and add tangible value for clients. We are expanding thoughtfully, with the conviction that growth and principles go hand in hand. Jeff and Eli share this perspective, and I look forward to working with them to strengthen both our profession and the communities we serve.”
CEO Arthur Ambarik
“We are thrilled to welcome Jeff, Eli and their entire team to Perigon. Many of us have known and respected Jeff for years, and we admire the business and culture that he and Eli have built. This partnership is rooted in trust, shared values, and long-standing relationships. Bringing our organizations together will strengthen our capabilities while preserving what makes both firms unique—a deep commitment to our clients and our people.”
Jon Hoy, President of Corporate Development
“We work with multiple generations of clients and partnering with Perigon ensures we can address the wealth management needs of our clients’ families well into the future. Perigon’s strength and reputation in impact investing made our decision to join this team easy and will allow our team to continue to enhance our asset management strategy for our individual and institutional clients.”
Jeffrey Gitterman
