The strategic investment in SteelPeak Wealth will enhance the capabilities of Emigrant Partners.
FREMONT, CA: "We are thrilled to welcome the SteelPeak team to the Emigrant Partners network. We were thoroughly impressed with their client engagement model, proprietary investment management capabilities, and organic growth engine. SteelPeak is well-positioned for future growth with a strong base in the Southern California market and a growing presence in attractive wealth markets such as Dallas and Miami," said Karl Heckenberg, CEO and President of Emigrant Partners.
SteelPeak Wealth is an independent wealth management company with headquarters in Los Angeles, California that manages $2.0 billion in assets for more than 1,700 clients. Emigrant Partners stated it had made a strategic, non-voting minority investment in SteelPeak Wealth. EP's alliance will provide SteelPeak with funding and strategic resources for its upcoming expansion phase.
Reza Zamani, CEO of SteelPeak, added, "We were very deliberate in our selection process for a strategic partner – the cultural fit and alignment on our future vision was paramount, and maintaining our independence was essential. EP checked all the boxes. We believe they will help us to realize our growth objectives across organic, M&A, and advisor recruitment faster. I look forward to working closely with the EP team for years to come."
"At this stage of our growth, we are looking to continue to enhance our capabilities for our clients and expand our footprint," commented Maziar Esmailbeigi, SteelPeak's CIO. "EP has a proven track record of helping their partner firms differentiate and deliver client outcomes to a broader, national client base."
"We believe that our clients, employees, and partners will benefit from this partnership with EP. I am eager to work with the Emigrant Partners team to access their suite of valuable resources while continuing to provide best-in-class service to our clients," commented Ali Zamani, CFO of SteelPeak.
