Key Takeaways
- • Latigo Peak Partners launched as an independent, founder-owned wealth management firm with approximately $18.6 billion in assets under management and a team of 48 professionals.
- • Founders Phil Scott and Jim Atwood previously led two of the largest wealth management practices within J.P. Morgan Advisors, growing their combined revenue from $34 million to over $130 million over six years.
- • The firm is self-funded and operates without outside private equity capital, a structure it says is designed around clients, employees and their families rather than an eventual transaction.
- • Latigo Peak will use a multi-custodial structure with Charles Schwab and BNY Pershing for custody and lending, with Fusion Financial Partners serving as strategic advisor on the independent RIA launch.
Summary
Latigo Peak Partners, an independent wealth management firm serving ultra-high-net-worth individuals and families, announced its official launch with approximately $18.6 billion in assets under management and 48 professionals, according to a Business Wire release dated October 19, 2026. The firm is headquartered in Palm Beach Gardens, Florida, with co-operational hubs in Bellevue, Washington, and Boston, Massachusetts, and a field office in Los Angeles, California. Its scale places it, according to the firm, among the largest independent wealth management firms in the country.
The firm was founded by Phil Scott and Jim Atwood, who previously led two of the largest wealth management practices within J.P. Morgan Advisors. The company states that over the last six years the two advisors grew their combined revenue from $34 million to more than $130 million. Latigo Peak is wholly founder-owned and self-funded, with no outside private equity capital, which the firm describes as central to a long-term vision built around clients, employees and their families rather than a predetermined investment horizon or eventual sale.
Latigo Peak's stated philosophy centers on a "family capital model" that combines investment performance, independent judgment, long-term stewardship and comprehensive planning. The firm assesses each client's income requirements, risk tolerance, liquidity needs and long-term objectives before constructing customized portfolios. It also offers broader family-office capabilities, including 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.
Operationally, Latigo Peak will run 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 registered investment adviser.
The firm was founded by Phil Scott and Jim Atwood, who previously led two of the largest wealth management practices within J.P. Morgan Advisors. The company states that over the last six years the two advisors grew their combined revenue from $34 million to more than $130 million. Latigo Peak is wholly founder-owned and self-funded, with no outside private equity capital, which the firm describes as central to a long-term vision built around clients, employees and their families rather than a predetermined investment horizon or eventual sale.
Latigo Peak's stated philosophy centers on a "family capital model" that combines investment performance, independent judgment, long-term stewardship and comprehensive planning. The firm assesses each client's income requirements, risk tolerance, liquidity needs and long-term objectives before constructing customized portfolios. It also offers broader family-office capabilities, including 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.
Operationally, Latigo Peak will run 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 registered investment adviser.
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