Alvarez & Marsal, a New York-headquartered management consulting firm dating back to 1983, has launched a registered investment advisor.
A&M Private Wealth Partners will provide family office services to ultra-high-net-worth families with more than $100 million in investable assets. The firm currently has about $103 million in discretionary assets, according to its latest Form ADV.
“The RIA market is saturated, yet many firms remain sales-oriented and lack the comprehensive resources necessary to meet the intricate needs of the wealthiest families. We recognize that for ultra-high-net-worth clientele, their needs are as complex as the businesses we work with today,” said Tony Alvarez II, co-CEO of A&M.
The firm has hired several executives to lead the wealth management firm. The founding partners include Peter Sacripanti, a former chairman of the McDermott Will & Emery law firm, who will serve as chairman of the RIA; Jonathan Fitzgerald, former head of domestic wealth planning for North America at Citi Private Bank, who will head the wealth planning division; and Michael Calkin, a former director at Deutsche Bank and Citi Private Bank, who will serve as practice lead.
Michael Murgio, the former chief investment officer at Greenway Wealth Management, has joined as CIO. Other new executives include John Ralls, former regional head of business development at Fidelity Family Office Services, who will lead business development; Takuya (Taki) Kisaka, former global head of fixed income for Citi Investment Management, who will lead the fixed income team; and Joseph Berardino, former CEO of Andersen Worldwide and managing director at Alvarez & Marsal, who will serve as senior advisor to the RIA.
The team has another 13 wealth professionals, in addition to those seven partners, and they will operate out of West Palm Beach, Fla., as well as offices in New York, Atlanta and Los Angeles.
The firm will use Fidelity and Schwab for custody; clients will also have access to digital assets through Fidelity Digital Asset Services, according to an ADV filing.