Acquisition enhances EP Wealth’s reach in the Northwest, bolsters
financial planning and investment management expertise and adds more
than $500M in AUM
TORRANCE, Calif.–(BUSINESS WIRE)–EP
Wealth Advisors, LLC (“EP Wealth”), a leading independent registered
investment adviser that specializes in client-centric financial planning
and investment management services, has announced its acquisition of
Conlon Dart Wealth Management (“Conlon Dart”) in Seattle. The
acquisition expands EP Wealth’s presence in the greater Seattle region.
Conlon Dart is an independent, fee-only wealth management firm founded
by Mitch Conlon and Stephen Dart. The firm serves as a financial
advocate for its clients, with its practice focused on academically
grounded investment management, modern financial planning techniques and
consistent client communication to prioritize needs and goals. Conlon
and Dart will each assume the role of Regional Director and Partner at
EP Wealth. Rick Bryan and Joe Boden will each assume the role of Senior
Vice President, Senior Wealth Advisor and Partner at EP Wealth.
“EP Wealth remains committed to growth in 2019, expanding our resources,
capabilities and geographic reach. Aligning with the right partners who
enhance our client offering is central to that mission,” said Patrick
Goshtigian, CFA, President and CEO of EP Wealth. “Conlon Dart and EP
Wealth share a commitment to providing clients with holistic,
sophisticated planning and superior service. The addition of Mitch,
Stephen and the rest of the Conlon Dart team will enable us to provide
additional depth and expertise to our clients.”
“Identifying the right professional partner was central to our vision
for Conlon Dart and our clients, and we sought to align with a firm that
complements our approach and provides an unparalleled depth of services
to meet our clients’ needs,” said Conlon.
“We consider EP Wealth to be an ideal fit and true extension of our core
business philosophy,” said Dart. “We now have increased our financial
planning and investment management capabilities, along with deeper
educational resources to support our clients.”
This is EP Wealth’s fifth acquisition since taking
a minority investment from Wealth Partners Capital Group (“WPCG”), a
financial services holding company, in July 2017. It also marks the
firm’s second regional expansion, following last year’s acquisition of
Donnelly Wealth Advisors in San Diego. Last year, the firm also acquired
Rampart Wealth Advisors of Greenwood Village, Colo., Caves & Associates,
Inc. of Manhattan Beach, Calif., and Millie Capital Management of Walnut
Creek, Calif.
“As the RIA industry continues to consolidate, EP Wealth’s thoughtful
strategy and emphasis on growth stands out as a particularly attractive
option for RIA owners looking to join a dynamic, experienced team,”
commented Rich Gill, a partner at WPCG.
The acquisition closed May 6, 2019 and will increase EP Wealth’s assets
under management by more than $500 million, while adding more than 300
clients. 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,
Calif., with additional offices in the San Francisco Bay area, San
Diego, West Los Angeles and Irvine, Calif., Seattle and Denver. The firm
manages more than $4 billion in AUM as of March 31, 2019, 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® 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.
Contacts
Tara Berardi
Gregory FCA for EP Wealth
[email protected]
215-337-4195
