EP Wealth Advisors, a Torrance, Calif.-based registered funding advisor, has acquired Government Wealth Administration, a Michigan-based RIA with about $1.6 billion in property underneath administration. The deal, which was finalized in December, represents EP’s seventh integration previously 12 months, bringing its complete AUM to over $31 billion.
EWM marks EP’s largest Midwest acquisition up to now, establishing 4 places of work in Michigan, together with Brighton, Northville, Jackson and Ludington, in addition to areas in Florida and Colorado.
The RIA was based in 1985 by Bert Herzog and supplies monetary, tax, funding and authorized recommendation. The deal provides practically 50 crew members to EP Wealth, bringing its worker base to greater than 500, over 150 of that are advisors. EWM companions will be a part of as homeowners of EP Wealth, together with Albert Herzog III, Michael Chechel, Gregory Barber, Adam Kulesza, Michael Lay, Albert Herzog IV, Robert Larsen, Zachary Messina and Jimmie Plaskey. Todd Perry, Shawn Lawson, Nathan Larsen and John Barbrick may also grow to be homeowners on account of the acquisition.
Phrases of the deal weren’t disclosed. EP used Wealth Companions Capital Group to help within the transaction.
EP Wealth is headquartered in Torrance, Calif., and has greater than 45 places of work all through 15 states. It supplies monetary, tax and property planning and funding administration for people and companies.
In 2020, it bought a minority stake to Berkshire Companions, a Boston-based personal funding agency.