Latigo Peak Launches Independent Wealth Management Firm with $18.6 Billion in Assets

Leading J.P. Morgan advisors start self-funded firm with 48 team members producing $130 million in revenue

NEW YORK--(BUSINESS WIRE)--Latigo Peak Partners (“Latigo Peak”), an independent wealth management firm serving ultra-high-net-worth individuals and families, today announced its official launch with approximately $18.6 billion in assets under management and a team of 48 professionals.

Founded by longtime wealth management leaders Phil Scott and Jim Atwood, Latigo Peak was created to combine the investment rigor and capabilities expected of a leading financial institution with the independence and flexibility of a founder-owned firm.

At approximately $18.6 billion in assets, Latigo Peak enters the market at a scale that places it among the largest independent wealth management firms in the country while remaining entirely founder-owned and self-funded, without outside private equity capital.

That structure is central to Latigo Peak’s long-term vision: building an enduring business designed around the interests of its clients, employees and their families rather than an eventual transaction or predetermined investment horizon.

“Our goal here is to build a firm geared principally towards investment performance and a distinctive client experience,” Scott said. “We believe strong outcomes come from a financial model designed around families. Independence gives us the ability to take responsibility for the future of our business and make decisions based on what we believe is right for our clients over the long term.”

Scott and Atwood previously led two of the largest wealth management practices within J.P. Morgan Advisors. Over the last six years, the two advisors have grown their combined revenue from $34 million to over $130 million while serving some of the country’s most sophisticated families, entrepreneurs and business owners.

Their philosophy for Latigo Peak centers on the family capital model, which brings together investment performance, independent judgment, long-term stewardship and comprehensive planning around the needs of each family. Instead of asking families to fit within a standardized institutional model, Latigo Peak is designed to give its advisors the freedom to form their own views and provide advice based on each family’s circumstances and ambitions.

Latigo Peak’s investment approach assesses each client’s income requirements, risk tolerance, liquidity needs and long-term objectives. From there, the firm constructs customized portfolios and provides broader family-office capabilities spanning estate and wealth planning, gifting, philanthropic strategies and education for future generations.

The firm places particular emphasis on public equity investing and fundamental investment judgment.

“The value of independence is the ability to think independently,” Atwood said. “Our job is to understand what each client and family is trying to accomplish, do the work, form a point of view and give them candid advice we genuinely believe is right. That's the kind of firm we wanted to build.”

Latigo Peak is headquartered in Palm Beach Gardens, Fla., with co-operational hubs in Bellevue, Wash., and Boston, Mass., and a field office in Los Angeles, Calif.

Latigo Peak will operate a multi-custodial structure, selecting Charles Schwab and BNY Pershing for custody and lending solutions. Fusion Financial Partners served as a strategic advisor on the design and launch of the firm’s independent RIA.

About Latigo Peak Partners

Latigo Peak Partners is an independent, founder-owned wealth management firm serving ultra-high-net-worth individuals and families. With approximately $18.6 billion in assets under management and a team of 48 professionals, Latigo Peak combines investment rigor, independent judgment and comprehensive family wealth planning to help clients pursue superior investment outcomes and build lasting family capital. The firm is self-funded by its founders and operates without outside private equity ownership. For more information, visit www.latigopeak.com.