SOURCE: Sontag Advisory LLC

FiComm Partners

February 03, 2016 09:00 ET

NYC Investment Advisory Firm, Sontag Advisory LLC, Names Michael Delgass Chief Executive Officer

NEW YORK, NY--(Marketwired - February 03, 2016) -

  • Delgass previously served as one of the firm's Managing Directors for its Advisory Group
  • The appointment comes as the firm caps off a year of industry accolades
  • Sontag Advisory ranks 33rd on Forbes 'Top 100 Wealth Managers', the 5th out of 14 firms in the New York City metro area, 24th in Wealth Management's 'Top 100 RIAs of 2015' and 45th in Financial Advisor Magazine's '2015 Top RIA Ranking'

Sontag Advisory, LLC, a New York City-based independent registered investment advisory firm, has named Michael Delgass its CEO, effective January 1st, 2016. Delgass had been a managing director of the firm since 2005. The announcement comes on the heels of a highly successful year, in which Sontag Advisory was recognized by Forbes, Financial Advisor Magazine and Wealth Management.

Before joining Sontag Advisory in 2005, Delgass was a partner at prominent New York Metro and New England law firms, including Day Berry & Howard, LLP and Cummings & Lockwood, LLC. His practice expertise was in the areas of estate, tax, succession, asset protection and business planning. He is a former Adjunct Professor of Estate and Gift Taxation at Northwestern University School of Law, and a former faculty member of the National Trust School and National Graduate Trust School of the American Bankers Association.

"I am honored to be named CEO of one of New York's most prestigious wealth management firms," said Michael Delgass, CEO, Sontag Advisory. "We take great pride in our high client retention rate which is fostered by a fiduciary, objective approach and a prudent, time-tested investment management methodology. I look forward to helping maintain that focus while we seek to continually be the best in everything that matters to our clients."

Over the last year, Sontag Advisory has made investments in technology that allows its clients easy and seamless access to their financial data through a variety of different mediums. This is part of a hub-and-spoke model allowing the firm's advisors to work flexibly with their clients, wherever they are -- either in person or through digital channels. The technology integrated into the firm also accommodates an automated investment approach for those clients who prefer it.

"Mike and I have much experience in common in financial planning, investments and legal expertise. As we continue to grow, we will continue to seed this deep and broad expertise throughout the firm for the holistic benefit of our clients," said Howard Sontag, Chairman of Sontag Advisory.

"He has protected, maintained and evangelized our core values -- a passion on client focus, intellectual rigor and honesty, all wrapped in an approach informed by objectivity and integrity -- and we are excited about his stewardship of the firm," concluded Sontag.

This announcement caps off a highly successful year for the firm. In December, it was included in Forbes Top 100 Wealth Managers list, coming in at number 33. In addition, the firm was included in Financial Advisor Magazine's "2015 Top RIA Ranking" and Wealth Management's "Top 100 RIAs of 2015."

From its inception in 1995, Sontag Advisory has been a truly independent and open-architecture registered investment advisory firm. A focus on excellence has driven Sontag to recruit professionals with diverse backgrounds and advanced degrees, including five JDs and multiple advisers and associates with outside certifications (CFA or CFP), ensuring that the firm's clients enjoy superior intellectual capital and sophisticated resources. This depth of knowledge allows Sontag to help their clients navigate through complex financial situations, such as advanced tax and estate planning.

For more information about Sontag Advisory, LLC, visit www.sontagadvisory.com. For press inquiries, email sontag@ficommpartners.com.

About Sontag Advisory, LLC

Sontag Advisory, LLC is a New York City based, independent registered investment advisory firm that serves clients in over 30 states and currently has $4.1B assets under management. Founded in 1995, Sontag Advisory acts as a wealth manager, investment adviser, consultant, and fiduciary. For more information on Sontag Advisory, please visit www.sontagadvisory.com.

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