Independent registered investment adviser (RIA) EP Wealth Advisors has announced its acquisitions of US-based firms Foothills Financial Planning & Wealth Management and Marble Capital.
The financial terms of the deals were not disclosed.
Through the acquisitions of Foothills Financial Planning & Wealth Management and Marble Capital, EP Wealth Advisors aims to bolster its footprint in Arizona and California.
The transactions will add more than $191m combined in assets under management for the American independent RIA.
EP Wealth Advisors CEO Ryan Parker said: “Both Foothills and Marble share EP’s philosophy of developing lasting relationships with clients built on trust and a true understanding of their unique, individual needs.
“These teams join existing EP Wealth regions to strengthen bonds with their respective communities and the clients we serve. Their choice to join is based on their shared understanding that an advisor’s time should be spent doing what is most important, focusing on enriching the lives of clients.”
EP Wealth Advisors said that the deals will help Foothills Financial Planning & Wealth Management and Marble Capital to benefit from its extensive suite of services, including financial and retirement planning.
The firms are also expected to benefit from EP Wealth Advisors’ investment management and research capabilities.
The acquisitions are part of EP Wealth Advisor’s focus on expanding its capabilities.
EP Wealth Advisors said that the two partnerships represent its third and fourth acquisitions in 2023 and the 28th and 29th acquisitions since securing a minority investment from Wealth Partners Capital Group in 2017.
Foothills Planning & Wealth Management managing member and chief compliance officer Kevin O’Reilly and Marble Capital’s Harry Kirsch will join EP Wealth Advisors as senior vice president and senior wealth advisor in the San Francisco Bay area, respectively.
O’Reilly said: “EP Wealth ‘s comprehensive services, technology and service were only a part of the reason we decided to move forward with the acquisition. The authentic connections and tailored approach to each client is what set EP Wealth apart, as it mirrors the approach delivered to our existing clients.”
