RESTON, Va., Nov. 1, 2016 /PRNewswire/ -- Transparent family wealth advisors PagnatoKarp today announced that it is working with Fidelity Investments to offer expanded family office services to its ultra-high-net-worth clients. The relationship will provide PagnatoKarp clients access to a relationship team focused on serving the complex needs of family offices and wealthy families.
"Our successful entrepreneur clients and their families require sophisticated support," said Paul A. Pagnato, founder, PagnatoKarp. "Our collaboration with Fidelity Family Office Services provides our clients with cost-effective, direct access to services typically considered institutional capabilities from an organization well-known for exceptional service, integrity and security."
Independent registered investment advisor (RIA) PagnatoKarp specializes in ultra-high-net-worth individuals, families and entrepreneurs and represents $2.5 billion in assets under advisement. Since the firm's founding, its family office has provided family thought leadership with estate, succession and tax planning, as well as investment and concierge services.
In addition to exclusivity, Fidelity Family Office Services offers expertise on the needs of ultra-high-net-worth investors, from sophisticated trading needs to complex account structures, and provides thought leadership, best practices and networking opportunities to help advisory firms address these needs.
"We are seeing exponential growth in the number of firms working with Fidelity to support ultra-high-net-worth investors, with our multi-family office assets under administration increasing from $7 billion in 2012 to $40 billion today," said Ed Orazem, president of Fidelity Family Office Services. "As the ultra-high-net-worth segment continues to grow, we look forward to working with PagnatoKarp on a common mission of meeting the complex needs of ultra-high-net-worth households in the U.S."
Founded by Paul A. Pagnato, a Barron's Top 100 Financial Advisor (2013-2016) and ranked on the America's Top Wealth Advisors of 2016 by Forbes and David W. Karp, PagnatoKarp is a transparent family wealth advisor. PagnatoKarp specializes in ultra-high-net-worth individuals, families and entrepreneurs. The firm represents $2.5 billion in assets under advisement, and its family office supports all aspects of sudden wealth events so their clients can confidently get on with their life's endeavors while pursuing the protection and preservation of their wealth. PagnatoKarp strives to adhere to the True Fiduciary™ standard it designed to assure clients it is always seeking to act in their best interests. Learn more at www.pagnatokarp.com.
The Baron'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.
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About Fidelity Investments
Fidelity's goal is to make financial expertise broadly accessible and effective in helping people live the lives they want. With assets under administration of $5.6 trillion, including managed assets of $2.1 trillion as of September 30, 2016, we focus on meeting the unique needs of a diverse set of customers: helping more than 25 million people invest their own life savings, nearly 20,000 businesses manage employee benefit programs, as well as providing nearly 10,000 advisory firms with investment and technology solutions to invest their own clients' money. Privately held for 70 years, Fidelity employs 45,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit https://www.fidelity.com/about.
Fidelity Investments is an independent company, unaffiliated with PagnatoKarp. Fidelity Investments is a service provider to PagnatoKarp.
There is no form of legal partnership, agency affiliation, or similar relationship between your financial advisor and Fidelity Investments, nor is such a relationship created or implied by the information herein. Fidelity Investments has not been involved with the preparation of the content supplied by PagnatoKarp and does not guarantee, or assume any responsibility for, its content.
Fidelity Investments is a registered service mark of FMR LLC.
Fidelity Family Office Services is a division of Fidelity Brokerage Services LLC, Member NYSE, SIPC
Fidelity Family Office Services provides custody, brokerage, and investment services, supported by reporting and administrative capabilities, to wealthy families and family offices. Because we are able to leverage the resources and expertise of the Fidelity organization, one of the world's largest financial services companies, we may be a cost-effective alternative for clients who want institutional capabilities delivered with objective guidance and exceptional service.
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