#United States #Wealth Management #Emigrant Partners #Principle Wealth #Madison, CT

Emigrant Partners Announces Strategic Investment in Principle Wealth Partners

In a significant move within the wealth and asset management sector, Emigrant Partners has revealed its latest strategic minority investment in Principle Wealth Partners. This pivotal investment is aimed at boosting the growth potential of Principle, an independent firm with $2.8 billion in assets under management, headquartered in Madison, Connecticut.

A Partnership Built for Growth

Recognized as a Top 100 Registered Investment Advisor (RIA) firm for the third consecutive year by Forbes, Principle is on an impressive trajectory. Emigrant's investment is expected to accelerate the firm's growth initiatives by providing access to capital, insights from industry-leading peers, and resources from EP’s leadership.

Jenny Souza, CEO and President of Emigrant Partners, expressed enthusiasm about the partnership, saying, "Principle Wealth Partners is one of the most impressive firms you will see in our industry, and we are excited to have them join the Emigrant network. They are as sophisticated and as client-centric as it gets, and they have a unique approach to managing family wealth."

Strengthening Client-Centric Services

Founded in 2017 by Robert Paolucci, a prominent figure recognized as a Barron's Top 100 Independent Advisor, Principle Wealth Partners aims to provide bespoke wealth and investment management services. The firm caters to high net-worth individuals and their respective trusts, estates, and retirement plans, ensuring a comprehensive suite of services including financial, tax, and estate planning.

The investment from Emigrant will not only fuel the expansion of Principle's services and technology platform but also supports the development of its new flagship headquarters, set to open later this year in Madison. Paolucci expressed his optimism about the partnership, stating, "We are thrilled to be partnering with Emigrant. They are a world-class team that clearly understood our specific goals and objectives – and they understand how to empower entrepreneurs."

Commitment to Independence

A crucial aspect of this partnership lies in maintaining the independence and entrepreneurial spirit of Principle Wealth Partners. Paolucci emphasized this commitment, noting that preserving their unique identity was vital for both himself and the team at Principle. The collaboration with Emigrant is poised to provide the necessary support without compromising the firm's integrity or approach to wealth management.

Colchester Partners acted as the exclusive advisor to Principle in this transaction, fostering a seamless integration that will help drive the firm’s ambitious growth plans.

About Emigrant Partners

Emigrant Partners is a recognized leader in providing minority, non-voting investments to businesses within the wealth and alternative asset management industries. Partnered with 20 firms overseeing a combined total of $115 billion in assets, Emigrant focuses on offering tailored solutions while allowing its partners to maintain control over their business operations and investment strategies. As a subsidiary of Emigrant Bank, owned by the Milstein Companies, EP is positioned to continue playing a pivotal role in the growth of its partner firms.

For more information about Principle Wealth Partners, you can visit their website at www.principlewealthpartners.com, and for insights into Emigrant Partners, check www.emigrantpartners.com.

Conclusion

This strategic investment not only underscores Emigrant Partners’ commitment to cultivating promising firms in the marketplace but also highlights the importance of collaborative growth in the wealth management space. As both entities work together to implement innovative strategies and solutions, the future looks bright for Principle Wealth Partners in its ongoing mission to provide exceptional service to its clients.