"We deliberately structured HighTower to meet the needs of elite advisor teams throughout their lifecycles. When a team makes the shift to independence supported by the HighTower platform, it is a reflection of both parties' success," said Michael Parker, Chief Development Officer, HighTower. "We congratulate Paul, David and their team on this new venture, and look forward to a long-lasting relationship supporting the growth of their firm."
Specializing in transparent investment advice for ultra-high-net-worth individuals, entrepreneurs and their families, PagnatoKarp offers investment management services, wealth planning and coordination, a full-time concierge staff, on-staff legal and estate planning, tax preparation and overall family leadership. The firm has adopted True Fiduciary™ principles created by PagnatoKarp to drive their customer focused philosophy.
"While the new Department of Labor fiduciary rule for advisors who provide retirement advice is a step in the right direction, more work for more people must be done," Pagnato said. "To that end, we created True Fiduciary™ principles to guide our firm. They ensure our clients' best interests come first."
The new firm offers a 6:1 client-to-staff ratio, and financial plans are 100 percent custom. "We appreciate that every client is unique, so we plan and build around specific, individual needs," Karp said. "We do not manufacture or sell proprietary solutions, so we have no bias and no restrictions. Simply put, we are fanatical about our 360-degree focus on each of our clients and their needs."
Pagnato and Karp joined HighTower Advisors in 2011. Prior to that, they were members of Private Wealth Advisors at Merrill Lynch Private Banking and Investment Group.
Founded by Paul A. Pagnato, a Barron's Top 100 Financial Advisor and David W. Karp, PagnatoKarp is an independent wealth protection specialist and family wealth advisor. PagnatoKarp specializes in ultra-high-net-worth individuals, families and entrepreneurs. The firm represents $2.5 billion in assets managed, and its family office supports all aspects of sudden wealth events so their clients can confidently get on with their life's pursuits knowing their wealth is being protected and preserved. PagnatoKarp strictly adheres to the True Fiduciary™ standard it created to assure clients it is always acting in their best interests. Learn more at www.pagnatokarp.com.
The Barron's ranking reflects the volume of assets overseen by the advisors and their teams, revenues generated for the firms and the quality of the advisors' practices. The scoring system assigns a top score of 100 and rates the rest by comparing them with the winner. Ratings that include PagnatoKarp may not be representative of any one client's experience, but reflect the criteria used by the publication issuing the ranking and is not indicative of future performance.
Media Contact: Kim Boeckenstedt
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