El Segundo, California-based independent advisory firm Sagient announced the appointment of Pete Alliegro to the newly created role of Chief Investment Officer. He will be responsible for helping the firm attract and retain financial advisors and clients by refining, documenting and implementing a more formal approach for Sagient’s investment management.
He will report to CEO Paul Karlitz, who said, “Pete’s more than two decades of experience in investment strategy and portfolio management will be invaluable to Sagient as we continue to enhance our wealth management and financial planning offering.”
Alliegro has over 25 years of experience in wealth management, portfolio management and institutional investing. Most recently, he was Director of Business Development at SteelPeak Wealth. Prior to that, he worked at Crew Enterprises, Morgan Stanley, U.S. Trust, Research Affiliates, Nuveen Asset Management and Wilshire Associates.
Karlitz added that Alliegro’s “deep knowledge of investment solutions, strong relationship management background and unique business development perspective will help augment Sagient’s long-standing insurance and risk management expertise to allow our advisors to serve the growing needs of their sophisticated clients as we continue to build an even stronger full-service advisory firm.”
According to a company release, Alliegro will be tasked with strengthening the firm’s investment, risk management and financial planning capabilities. He will be responsible for building and maintaining the firm’s wealth management infrastructure and creating a review framework for its high net worth clients.
“The firm has terrific momentum and is building a full wealth management ecosystem to reflect today’s evolving industry, and the changing and often complex needs of clients,” said Alliegro.
Sagient is affiliated with MassMutual and has 85 financial advisors who manage approximately $2 billion in client assets.
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