Acquisition establishes EP’s presence on the East Coast, marks a significant milestone in the firm’s national expansion
TORRANCE, Calif.–(BUSINESS WIRE)–#FinancialPlanning—EP Wealth Advisors, LLC (“EP Wealth”), a leading independent registered investment adviser (“RIA”) on a mission to provide clients with personalized service through integrated financial planning, investment management, and tax and estate planning, has established an East Coast presence for the firm and enhanced its capabilities for ultra-high-net-worth clients through the acquisition of Westwood, Massachusetts-based Minot Wealth Management, LLC (“Minot”).
Minot is a fee-only RIA that specializes in comprehensive financial and estate planning and portfolio development tailored to the unique needs of their client base. Led by Managing Directors Brian Mulvey, Patrick Donovan and William “Bill” Corcoran, the firm has grown organically to approximately $1.1 billion in AUM. All three Minot leaders will assume the role of Managing Director/Partner at EP, and all of Minot’s staff members will also join the EP team.
“Our objectives continue to be centered on organic growth in our existing regions and aligning with like-minded RIAs and teams who share our values and client-first perspective,” said Patrick Goshtigian, CFA, CEO of EP Wealth. “The Minot team embodies this spirit, as evidenced by their thoughtful approach to comprehensive investment management. We are excited to align with Minot and reach this pivotal milestone of a truly national expansion.”
“Joining a larger firm that provides significant additional financial planning, tax, legal and technology resources is the best choice we could make for our clients and our future,” added Corcoran. “We are excited about the benefits this new partnership will bring, providing our advisors with access to more tools than ever before as they deliver results on behalf of our clients.”
This acquisition marks EP Wealth’s 24th partnership in a five-year period of steady, strategic growth for the firm. Since taking a minority investment from Wealth Partners Capital Group (WPCG) in July 2017, EP Wealth has partnered with firms in California, Washington, Colorado, Arizona, Illinois, Texas and Utah and now Massachusetts. Earlier this year, the firm announced the acquisitions of Vantage Advisors (St. George, Utah), Klein Financial Advisors (Newport Beach, California) and Coulston Financial Services (San Francisco Bay Area). EP Wealth continues to experience double-digit, organic growth year-over-year while expanding capabilities and resources through the addition of outstanding talent.
“EP and Minot are a strong fit,” said Nick Trepp, Principal at WPCG. “As rapid consolidation in the RIA space continues, it is exciting to see EP cultivate partnerships with firms like Minot that share a client-focused approach while continuing to expand its national presence and adding important expertise.”
The acquisition of Minot Wealth Management closed on Sept. 23, 2022. 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, Logan and St. George, Utah; Dallas, Texas; Chicago, Illinois; and Westwood, Massachusetts. The firm manages more than $15.1 billion in assets as of Dec. 31, 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®, and Brian Parker, CFP®, along with CEO Patrick Goshtigian, CFA, and President Ryan Parker. It is backed by Berkshire Partners, a leading private investment firm in Boston. 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 invests in and partners with select leading wealth management firms. WPCG assists its partner firms by identifying and integrating like-minded registered investment advisors and financial advisors who are seeking access to expanded business capabilities, strategic growth and customized transition solutions. For more information, please visit www.wealthpcg.com.
Gregory FCA for EP Wealth