EP Wealth Advisors® Acquires Northern California-based Firm
TORRANCE, Calif.--(BUSINESS WIRE)--Jan 4, 2022--
EP Wealth Advisors, LLC (“EP Wealth”), a leading independent registered investment adviser (“RIA”) on a mission to provide clients with personalized advice through integrated financial planning, investment management, and tax and estate planning, announces its acquisition of Mindful Money. The acquisition of this Berkeley-based firm expands EP Wealth’s existing footprint in the San Francisco Bay area, becoming the 7th business to join the region since 2016.
Founded by Jonathan DeYoe, AIF® CPWA® in 2001, Mindful Money offers independent financial advice and unparalleled customer service in a warm, welcoming and client-centered environment. The firm specializes in life planning, client education and financial planning. DeYoe, who also serves as the firm’s president, will assume the role of Senior Vice President. Three additional advisors and four support staff will join the EP Wealth team.
“The Mindful Money team brings years of experience in all aspects of planning for life’s major events to the table, as well as robust marketing and a strong culture,” said Patrick Goshtigian, CFA, President and CEO of EP Wealth. “When it comes to EP Wealth’s culture, Jonathan’s team is a natural fit. We are excited to partner with them as we continue to expand our presence in California.”
“My mission is to educate our clients and help them develop a better relationship with money,” DeYoe added. “We are thrilled to partner with EP Wealth. As we gain access to expanded services and resources for our clients, this gives us the ability to focus more on our work with them, providing financial education and being involved in their communities.”
Complementing their advising services, DeYoe’s team also manages a series of digital financial education programs, which launched in 2021. The programs are available to the public and are complimentary for current wealth management clients. The classes will remain available online under the Mindful Money brand.
The merger marks EP Wealth’s 20 th transaction in a five-year period of strategic growth for the firm. Since taking a minority investment from Wealth Partners Capital Group in July 2017, EP Wealth has partnered with firms in California, Washington, Colorado, Arizona, Illinois, Texas and Utah. In 2021, the firm acquired the business of Homewood Capital Management in Danville, California; Abbas Heydari, CFP®, a Torrance, California-based advisor; New Focus Financial Group, an RIA with offices in Vancouver, Washington, and San Mateo, California and Sound Financial Management, with locations in Mt. Vernon and Friday Harbor, Washington. EP Wealth has also enjoyed significant organic growth and plans to further expand its organization and capabilities in 2022.
The acquisition of Mindful Money closed on Dec. 22, 2021, and will increase EP Wealth’s assets under management by more than $346 million. DeVoe & Company, a leading investment bank and consulting firm to RIAs, represented Mindful Money in the transaction. Financial and legal terms of the deal will not be disclosed.
About EP Wealth Advisors
EP Wealth Advisors, LLC (“EP Wealth”) is a fee-only registered investment adviser and financial planning firm based in Torrance, California; with additional offices in Los Angeles, Orange County, the San Francisco Bay Area and San Diego, California; Portland, Oregon; Seattle, Puget Sound and Vancouver, Washington; Phoenix, Arizona; Denver, Colorado; Salt Lake City, Utah, Dallas, Texas and Chicago, Illinois. The firm manages more than $13.3 billion in AUM as of Sept. 30, 2021, and provides client-centric financial planning and investment management services to individuals and businesses. EP Wealth is led by co-founders and Managing Directors Derek Holman, CFP®, AIF®, Brian Parker, CFP®, and President and CEO Patrick Goshtigian, CFA®. For more information, please visit www.epwealth.com.
About Wealth Partners Capital Group
Wealth Partners Capital Group (“WPCG”) is a financial services holding company, which has partnered with EP Wealth Advisors (“EP Wealth”). WPCG assists EP Wealth by identifying and integrating like-minded registered investment advisers who are seeking access to expanded business capabilities, strategic growth and customized transition solutions. The WPCG management team is led by Partners John W. Copeland, Rich Gill and Sean Bresnan. For more information, please visit www.wealthpcg.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20220104005706/en/
CONTACT: Rocco Aloe
Gregory FCA for EP Wealth
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: EDUCATION ACCOUNTING PROFESSIONAL SERVICES CONTINUING
SOURCE: EP Wealth Advisors, LLC
Copyright Business Wire 2022.
PUB: 01/04/2022 11:30 AM/DISC: 01/04/2022 11:32 AM