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Salem Partners Wealth Management
Salem Partners Wealth Management was established by Stephen Prough and John Dyett.
Salem Partners Wealth Management
Salem Partners Wealth Management was established by Stephen Prough and John Dyett. The firm operates as a multi-family office serving high-net-worth families, entrepreneurs, and closely held businesses. The firm deploys capital across private equity, real estate, hedge funds, private credit, and fund-of-funds vehicles. Confirmed holdings include a minority stake in Clipper Media Holdings through Salem Clipper Investors and management of SW Contego, a hedge fund manager. Geographic focus centers on North America with additional activity in Hawaii through a 2015 advisory mandate. The firm lists 413 million USD in assets. It maintains offices in Los Angeles and Southlake, Texas. Stephen Prough serves on multiple boards including the CalSavers Retirement Savings Board since September 2019 and the Berti Prough Family Foundation. John Dyett holds board positions at OncoNano Medicine and Coronado Aesthetics. The firm participates in direct co-investments and SPVs alongside its advisory practice. Governance ties link principals to operating businesses and philanthropic vehicles in entertainment and education.
General information
Firm type
Multi Family Office
Year founded
—
AUM
413 (Altss estimate)
Location
Region
North America
Country
United States
City
Los Angeles
Corporate office
—
Additional offices
Southlake, TX, United States
Principals
Stephen Prough
Co-Founder
John Dyett
Co-Founder
Sector focus
Frequently asked questions
Who runs investment decisions at Salem Partners Wealth Management?
Stephen Prough and John Dyett, the co-founders, oversee investment and advisory activities.
Does Salem Partners Wealth Management participate in fund commitments or only direct deals?
The firm engages in both fund-of-funds commitments and direct co-investments or SPVs.
What asset classes does Salem Partners Wealth Management target?
Private equity, real estate, hedge funds, private credit, and philanthropic investments form the core mix.
Where does Salem Partners Wealth Management maintain offices?
Headquarters in Los Angeles with a branch office in Southlake, Texas.
How is Salem Partners Wealth Management related to its portfolio holdings?
It holds a minority ownership stake in Clipper Media Holdings and manages SW Contego as a hedge fund manager.
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.
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