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Paul A Pagnato and David W Karp open independent PagnatoKarp

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Paul A Pagnato and David W Karp have launched a new independent wealth firm, PagnatoKarp. Based in Reston, the two founding partners and their 20+ person team advise USD2.5 billion in client assets. 

The firm, now operating as an independent Registered Investment Advisor, will continue to leverage the infrastructure and resources of the HighTower platform.

"It's a very exciting time for us and our clients," says Pagnato. "Launching this firm was the next logical step in providing premier service to our successful clients and their families. With $2.5 billion in assets under advisement, we are large enough to command the best resources to help our clients achieve their goals, yet nimble enough to provide unique, customised service."

"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," says 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."

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