Acquisition adds six professionals and strengthens EP Wealth’s presence in the greater San Francisco region
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 Personal Financial Consultants, Inc. (“Personal Financial”). The acquisition expands EP Wealth’s Lafayette, Calif. office and bolsters the firm’s presence in the San Francisco Bay area.
Personal Financial is an independent fee-only financial planning and investment management firm based in Lafayette, Calif. Founded in 1985 by Loren Kayfetz, CFP®, MSFA, ChFC, CLU, Personal Financial specializes in designing holistic, comprehensive and personalized financial plans for individuals and families. Kayfetz and partner Jonathan Spector, CFP®, MS, will each assume the role of Vice President and Wealth Advisor at EP Wealth, and all other employees of Personal Financial will also join EP Wealth.
“We pride ourselves on the ability to support our clients through their life transitions. As the planning landscape evolves and client needs become more complex, I sought a partner who could provide expanded technology offerings and in-house expertise, allowing our team to focus on a superior client experience,” said Kayfetz.
“EP Wealth remains focused on partnering with firms that share our philosophy and business approach,” said Patrick Goshtigian, CFA, President and CEO of EP Wealth. “Loren built Personal Financial on the belief that financial advice should be customized to effectively meet the needs and goals of each client, which is the same holistic planning approach that drives our team’s work.”
This is EP Wealth’s third acquisition of 2019. Earlier this year, the firm acquired Conlon Dart Wealth Management in Seattle and Pathlight Investors in Phoenix, marking the fourth and fifth regional expansions for the California-based firm. In 2018, the firm acquired Rampart Wealth Advisors of Greenwood Village, Colo., Donnelly Wealth Advisors of San Diego, Caves & Associates, Inc. of Manhattan Beach, Calif., and Millie Capital Management of Walnut Creek, Calif.
“EP Wealth has achieved significant growth in the last two years, and we have been successful because we align with like-minded professional partners,” Goshtigian added. “We’re excited to support the Personal Financial team’s growth within EP Wealth and bring expanded resources to their clients.”
The acquisition closed August 19, 2019 and will increase EP Wealth’s assets under management by more than $200 million. 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, Phoenix and Denver. The firm manages more than $5.29 billion in AUM as of June 30, 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.
Marissa Foy Comerford