Updated:
Rigby Watts & Company
Rigby Watts operates as a financial advisory and investment firm co-founded by Andrew Rigby and Adam Watts. Rigby, who oversees investment management and...
Rigby Watts & Company
Rigby Watts operates as a financial advisory and investment firm co-founded by Andrew Rigby and Adam Watts. Rigby, who oversees investment management and venture activities, previously co-managed $1.5 billion in client assets at Merrill Lynch's largest intermountain-west advisory team before founding a single-family office for a Utah-based ultra-high-net-worth family. Watts, a former real estate attorney at Clifford Chance and Mintz Levin, leads the firm's real estate acquisition and development practice. The firm deploys capital across three distinct verticals: public securities, private direct investments, and healthcare real estate. Its venture practice targets early-stage healthcare technology and services companies — Rigby himself founded and scaled Nursa, an on-demand healthcare staffing marketplace that recently closed a large Series B round. The real estate practice acquires and develops boutique medical and office facilities, a discipline Watts refined while directing acquisitions for Northstar Builders, where he developed more than sixteen facilities across Utah's Wasatch Front. No specific portfolio company names or fund vehicles have been disclosed publicly. Rigby Watts is led exclusively by its two named partners. Rigby holds securities and advisory licenses dating to 2011, while Watts carries a professional pedigree spanning law-firm real estate practice in New York and San Diego plus development work in the Salt Lake City metro. The firm lists no additional offices beyond its Holladay base and does not publicly disclose aggregate assets under management or total deployment figures. The architecture fuses a wealth-management practice with an operating-company mindset — both founders are former operators who invest in sectors where they have directly built businesses. This operator-advisor hybrid departs from the typical registered investment advisory model and shapes the firm's insistence on owning the same strategies it recommends to clients.
General information
Firm type
Private Equity
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Holladay
Corporate office
Holladay, UT, United States
Principals
Andrew Rigby
Co-Founder/Partner
Adam Watts
Co-Founder/Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Rigby Watts & Company?
Two co-founders split oversight: Andrew Rigby leads investment management and all venture capital activities; Adam Watts runs healthcare real estate development and acquisitions. Rigby previously co-managed $1.5 billion in client assets at Merrill Lynch and built Nursa, a healthcare staffing marketplace. Watts was Director of Development and Acquisitions at Northstar Builders and practiced real estate law at Mintz Levin and Clifford Chance.
How does Rigby Watts source proprietary deal flow?
The firm's deal flow for early-stage healthcare companies builds on Andrew Rigby's direct operating experience in the sector, notably his founding and scaling of Nursa. Rigby remains an active angel investor and advisor in early-stage healthcare ventures throughout the intermountain region. Real estate deal flow stems from Adam Watts's developer background — he previously sourced land, underwrote deals, and structured joint ventures across the Wasatch Front.
Is Rigby Watts structured as a single family office or does it operate more like a venture firm?
Rigby Watts is a hybrid: it runs an SEC-registered financial advisory practice managing public-market portfolios for individuals and families while simultaneously operating an in-house venture and real estate investment platform. Andrew Rigby previously founded a single-family office for an ultra-high-net-worth Utah family, but the firm itself is not structured as a family office.
Does Rigby Watts participate in fund commitments or only direct deals?
All known private-market activity involves direct deals — direct venture capital investments in early-stage healthcare companies and direct acquisition or development of healthcare real estate. The firm does not disclose any fund-of-funds commitments, LP positions in external vehicles, or pooled fund structures of its own.
Where does the underlying wealth come from?
Andrew Rigby's capital base derives from his tenure as a junior partner at Penney, Laurella & Roundy — the largest Merrill Lynch advisory team in the intermountain west — and from his exits as an entrepreneur, including the scaling of Nursa and ventures in cannabis. Adam Watts brings wealth accumulated through legal practice and real estate development leadership. The firm advises external families and individuals; origin of client wealth is not disclosed.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on private equity firms?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: