EP Wealth Advisors Broadens Reach with New Acquisition

EP Wealth Advisors Expands National Presence

EP Wealth Advisors has recently taken a significant step to enhance its national presence by acquiring Executive Wealth Management, LLC (EWM). This strategic partnership marks a landmark moment for EP Wealth, establishing its first offices in Michigan and adding approximately $1.6 billion in assets under management, boosting its total to over $31 billion.

Strengthening the Midwest Presence

With the acquisition of EWM, EP Wealth is poised to strengthen its influence in the Midwest, following a remarkable year that saw the firm integrate seven new teams. This expansion underscores EP Wealth’s commitment to providing tailored financial services across the nation while also enhancing its operational capabilities.

The Vision Behind the Partnership

Ryan Parker, the CEO of EP Wealth, emphasized the synergy between the two firms. "For nearly 40 years, EWM has provided clients with dedicated service and care while working towards financial goals together," Parker stated. The shared vision of enriching clients' lives formed the cornerstone of this acquisition, signifying a natural fit between the two companies.

About Executive Wealth Management

Founded in 1985 by Bert Herzog, EWM has built a reputation grounded in compassionate service and disciplined investment management. It offers comprehensive financial, tax, investment, and legal offerings, aligning seamlessly with EP Wealth's client-centric approach. This partnership will only enhance their capability to serve clients effectively.

Community Engagement and Client Focus

The commitment to community service runs deep within both organizations. Mike Lay, who will oversee operations as a Regional Director at EP Wealth, highlighted the importance of supporting the communities they serve. "We’ve consistently supported the communities we serve and will continue to do so as part of EP Wealth," Lay remarked, expressing excitement about the new opportunities this partnership will bring.

Employee Growth and Organizational Structure

The merger brings nearly 50 seasoned professionals from EWM into the EP Wealth team, increasing the firm’s total employee count to over 500. The talent acquisition includes numerous experienced advisors who will contribute to EP Wealth’s employee-owned culture. This infusion of skill and experience is crucial as the firm expands its service offerings and geographic reach.

Benefits of Joining EP Wealth

Many of the EWM partners, including industry veterans, will continue to serve their client base under the EP Wealth banner. Bert Herzog noted, "Joining EP Wealth is an exciting milestone that strengthens the legacy of Executive Wealth Management, enabling us to serve clients with even greater resources and capabilities." This collaborative relationship promises to deliver enhanced services and innovative solutions to their clients.

The Role of Wealth Partners Capital Group

Wealth Partners Capital Group (WPCG) played a pivotal role in facilitating this transaction, ensuring a smooth transition that honors the legacy of EWM while propelling EP Wealth forward. The depth of experience brought by WPCG is a testament to the importance of strategic partnerships in the financial industry.

A Commitment to Excellence

The financial and legal terms of the deal have not been disclosed, but the outlook for the partnership between EP Wealth and EWM remains highly optimistic. With a foundation of shared values and a client-first approach, both firms are eager to embark on this new journey together, aiming to deliver excellence in financial advisory services.

About EP Wealth Advisors

EP Wealth Advisors, LLC, known for its fee-only registered investment advising and comprehensive financial planning services, boasts more than 45 offices across 15 states. Managing approximately $31 billion in assets, EP Wealth has been serving families for over 25 years. The firm prides itself on a robust employee-owned structure and offers an array of services, including financial, tax, and estate planning alongside investment management.

Frequently Asked Questions

What is the significance of the acquisition of EWM?

The acquisition allows EP Wealth Advisors to expand its footprint in Michigan, increasing its total assets under management to over $31 billion and enhancing its service capabilities.

Who are the key individuals involved in the acquisition?

Ryan Parker, CEO of EP Wealth Advisors, and Bert Herzog, founder of EWM, are key figures in this partnership, along with other EWM professionals who will join EP Wealth.

How does the acquisition align with EP Wealth's vision?

The partnership highlights a shared commitment to client-centric service and community engagement, crucial for the growth of both firms.

What can clients expect from the expanded team at EP Wealth?

Clients can look forward to enhanced services, additional resources, and a commitment to financial excellence as the EWM team integrates into EP Wealth.

How has EP Wealth been performing in recent years?

EP Wealth Advisors has experienced robust growth in assets under management and service scope, solidifying its reputation as a leader in the investment advisory field.

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