Angeles Wealth Management announced Monday that it appointed industry veteran Jonah Cave to serve as Chief Growth Officer, a newly created role at the Santa Monica, California-based RIA. Based in Dallas, Cave will head business development and growth initiatives, including inorganic growth in the high and ultra-high net worth segments, the firm said.
Cave has 30 years of experience in capital markets, private investments, family office and wealth management.
He joins Angeles Wealth after serving as Managing Member of consultancy Dry Land Capital since October 2024, according to his LinkedIn profile.
Before that, he was with CH Investment Partners, a Dallas-based multi-family office now part of Cresset Capital, for nearly five years, starting in 2020. There, he most recently served as Senior Managing Director and led the Partner Relations Team. In that role, he managed growth – including relationships with external single- and multi-family offices, Angeles Wealth pointed out.
Before joining CH Investment Partners, Cave held senior roles in the global equity divisions of Merrill Lynch, Bank of America Merrill Lynch and UBS.
“I’m energized by the opportunity to help our advisors share our story and unlock new opportunities across the firm,” Cave said in the release. “Nationally and in our key markets of California, New York and Texas, we see a tremendous opportunity to serve more families with sophisticated needs.”
He added, “As the industry awakens to the convergence of advisory needs between private wealth and institutional clients – and the solutions and services required across the advice continuum – Angeles Wealth is uniquely positioned and truly independent. The platform that other firms are assembling, Angeles Wealth and AIA have already built.”
“From day one, Angeles Wealth was built to give families access to the same institutional-quality investments available to billion-dollar organizations, and on the same terms,” Jonathan Foster, President and CEO of the firm, said in the release.
Foster added, “Jonah understands the power of our integrated model and brings the leadership needed to advance our growth to serve more families and deepen collaboration with our institutional team.”
Cave’s appointment comes as Angeles Wealth continues its growth, with assets under management (AUM) increasing to $2.6 billion as of Sept. 30, an over tenfold increase since early 2018, it said.
Angeles Wealth’s outsourced chief investment officer (OCIO) affiliate Angeles Investment Advisors oversaw almost $7.1 billion in discretionary AUM and $35.6 billion in assets under advisement (AUA) as of June 30, the firm said.
Angeles Wealth announced in May that it appointed Cameron Rogers as Partner, operating out of Angeles Wealth’s New York office.
Jeff Berman, Contributing Editor and Reporter at Wealth Solutions Report, can be reached at jeff.berman@wealthsolutionsreport.com.
