# PURPOSE WEALTH

PURPOSE WEALTH is a Multi Family Office based in Los Angeles, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Los Angeles, United States
- **Region:** North America
- **Address:** Los Angeles, CA, United States
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** purposewealth.com
- **LinkedIn:** https://www.linkedin.com/company/purposewealthco

## Regulatory record

- **CRD number:** 328934
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/328934

## About

PURPOSE WEALTH is a state-registered investment adviser with approximately $11 million in regulatory assets under management. The firm has 1 employee and 1 investment adviser. It operates with a small team.

## Sectors

- Private Equity
- Real Estate
- Venture Capital

## People

- Tom Ruggie — President

## Questions

### How does Purpose Wealth source deal flow?

The firm sources primarily through Ruggie's personal network in the professional-athlete and entertainment communities, combined with relationships cultivated with lower-middle-market private equity sponsors and real estate developers. Co-investment opportunities often arise from the same network effects that bring in clients — other family offices, agents, and business managers who introduce both capital and deal access.

### What investment stages does Purpose Wealth target in private markets?

In venture capital, the firm targets early-stage companies in consumer, media, and franchising sectors where athlete or entertainer influence can amplify brand growth. Private equity commitments focus on the lower-middle market, and real estate investments span development and income-producing properties, predominantly in US Sun Belt and Mountain West markets.

### How does Purpose Wealth handle the short career windows of professional athletes?

The firm's operating model is explicitly built around compressed wealth accumulation. It structures liquidity-event planning around rookie contracts, free-agency windows, and endorsement deals, converting lump-sum inflows into long-duration alternative assets while coordinating tax strategy and cash-flow management for post-career income continuity.

### What is Purpose Wealth's known posture on co-investments alongside external GPs?

The firm co-invests alongside established sponsors rather than acting as a lead investor. Its model relies on partnering with operating companies and fund managers in private equity and real estate, bringing both its own capital and that of its client families into deals sourced and structured by third-party GPs.

## Related profiles

- [Purpose Financial Planning](https://altss.com/profile/purpose-financial-planning)

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Last updated: 2026-07-06T01:24:23.811Z

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