The Utah-centered acquisition marks EP Wealth’s biggest transaction to day and adds to its thorough prosperity management choices for clientele
EP Wealth Advisors, LLC (“EP Prosperity”), a major unbiased registered investment adviser (“RIA”) that specializes in client-centric monetary scheduling and investment decision administration solutions, announced its acquisition of The Insight Team, Inc. and Fiscal Perception Middle, LLC (“Perception” in reference to equally). This is EP Wealth’s premier acquisition to day and marks a considerable milestone in its development trajectory as the firm expands its get to to Utah.
Based mostly in Salt Lake Town, Utah, and with an added workplace in Logan, Utah, Perception delivers prosperity management services for people today and households and seeks to facilitate a highly customized working experience for its clientele. The companies, which share a administration team, emphasis on exclusive consumer bases, with The Insight Team catering to large-web-worthy of men and women and Monetary Insight Middle giving personalized financial investment information for a broader range of purchasers. Insight’s leadership staff and workers will believe roles at EP Prosperity following the acquisition. Founding homeowners Mark Matley and Paul Salisbury will each get on Regional Director positions, as nicely as become Companions at EP Prosperity. Chuck Cutler and Brady Jardine will come to be Senior Vice Presidents and Companions.
“Perception has attained remarkable accomplishment within just the business and on behalf of its shoppers, thanks in substantial element to its extremely specialized group and loyal customer base,” reported Patrick Goshtigian, CFA, President and CEO of EP Wealth. “We promptly recognized a shared client-initial philosophy and a mutual commitment to offering high-quality solutions and means. Their knowledge and customized approach complement our perform with customers, and we are thrilled to incorporate them to our staff.”
Matley added: “We are proud of the excellent success our company has liked in the course of its historical past. As we continued to expand, we noticed an prospect to associate with the EP Wealth group and choose gain of their scale, back again business office and compliance guidance, as perfectly as the depth and breadth of their team.”
“Our partnership with EP marks a important new chapter for our customers,” said Salisbury. “We are psyched to improve our choices and breadth of obtainable methods via EP, enabling us to offer even much more specialised assist relocating forward.”
The acquisition marks the 12th and premier transaction in a period of time of strategic progress for EP Prosperity. Considering the fact that getting a minority expenditure from Prosperity Companions Funds Group (“WPCG”) in July 2017, EP Prosperity has completed acquisitions in California, Washington, Colorado, Arizona, Illinois and Texas. Most lately, the firm expanded its existence in the Phoenix area with the acquisition of Providus Advisors.
“EP and Perception have formed a solid relationship in excess of the earlier two yrs,” commented Sean Bresnan, Companion at WPCG. “As speedy consolidation in the RIA room continues, it is thrilling to see EP cultivate partnerships with shopper-targeted firms like Insight and continue on to extend its nationwide presence.”
The acquisition shut Sept. 30, 2020, and will increase EP Wealth’s belongings less than management by far more than $1 billion. Economic and legal conditions of the deal will not be disclosed.
About EP Prosperity Advisors
EP Wealth Advisors, LLC (“EP Wealth”) is a charge-only registered expenditure adviser and economic scheduling organization based mostly in Torrance, California, with more places of work in the San Francisco Bay area, San Diego, West Los Angeles and Irvine, California, Seattle, Phoenix, Denver, Dallas and the Chicago area. The organization manages a lot more than $7 billion as of June 30, 2020, and offers customer-centric fiscal organizing and investment management companies to persons and businesses. EP Wealth is led by co-founders and Handling Directors Derek Holman, CFP®, AIF®, and Brian Parker, CFP®, and President and CEO Patrick Goshtigian, CFA®. For a lot more data, make sure you pay a visit to www.epwealth.com.
About Wealth Associates Money Team
Wealth Companions Funds Group (“WPCG”) is a economic providers holding organization, which has partnered with EP Wealth Advisors (“EP Wealth”). WPCG helps EP Prosperity by determining and integrating like-minded registered financial investment advisers who are trying to find accessibility to expanded small business capabilities, strategic development and custom-made changeover solutions. The WPCG management crew is led by associates John W. Copeland, Abundant Gill and Sean Bresnan. For extra facts, remember to stop by www.wealthpcg.com.
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Marissa Foy Comerford
Gregory FCA for EP Wealth