Presidio Financial Partners, a firm that provides financial and capital-market advice to wealth builders and their families, plans to put $3 million in newly raised growth capital toward expanding its wealth-management and corporate-advisory teams.

The infusion of cash coincides with the appointment of three managing directors of Presidio's wealth-management group:  Los Angeles-based Mike Blackman, formerly a director of wealth management in JPMorgan Chase's southern California region; San Francisco-based Will Evers, formerly a principal of Bernstein Global Wealth Management in San Francisco; and Dallas-based Bill Fritz, who joins from Deutsche Bank Alex. Brown.

“The $3 million in new capital and the hiring of world-class executives like Mike Blackman, Will Evers and Bill Fritz are part of the unique growth story taking place at Presidio Financial Partners - despite the turmoil elsewhere in the financial-service industry,” says Presidio's chief executive Brodie Cobb. “Presidio is succeeding because of the integrity of its business model, its focus on risk management and the quality of its outstanding team of professionals.

Twelve-year-old Presidio, which has more than $3 billion in assets under advisory, raised the new capital from investors in the US. The firm will use the money to hire additional wealth-management and corporate-advisory professionals and to expand into new US markets "as opportunities arise," Presidio says in a press release. Right now the firm has offices in San Francisco, Los Angeles and Dallas.