EP Wealth Advisors Acquires NewFocus Economical Group
The acquisition expands EP Wealth’s monetary preparing capabilities in the Pacific Northwest and San Francisco Bay areas, whilst amplifying its presence by the NewFocus founders’ preferred podcast and radio clearly show
EP Wealth Advisors, LLC (“EP Wealth”), a foremost independent registered investment decision adviser (“RIA”) on a mission to provide customers with straightforward and aim assistance from skilled money advisor groups by individualized monetary scheduling, custom made expense portfolios, and built-in tax and estate planning, introduced its acquisition of NewFocus Money Group, LLC (“NewFocus”). The acquisition expands EP Wealth’s footprint to the space of Better Vancouver, Washington, adds to the firm’s financial preparing capabilities, and fortifies its dedication to high quality investor schooling by way of the NewFocus founders’ popular podcast and radio exhibit.
Based mostly in Vancouver and with an additional office environment in San Mateo, California, NewFocus was started by Rob Black and Chad Burton, CFP®. The company specializes in assisting shoppers establish, maintain and maintain wealth, and gives complete monetary setting up and expenditure administration providers for wealthy people and family members, enterprise proprietors, trusts, and retirement and pension options. The NewFocus crew will join EP Prosperity, with Black serving as Radio Host and Partner and Burton assuming the position of Regional Director and Companion.
“NewFocus is regarded as a effectively-respected resource for consumers and investors inside of its local community,” said Patrick Goshtigian, CFA, President and CEO of EP Wealth. “The team’s determination to offering fantastic service and options for its clientele aligns with our mission. We are thrilled to construct on the standing Chad, Rob and the NewFocus team have cultivated in their communities and extend EP Wealth’s attain to a new location.”
Black and Burton have emerged as acknowledged voices in the economical providers group by their respective radio clearly show and podcast. Black is the host of “Rob Black & Your Revenue,” a every day radio present supplying sector and investing insights. Burton hosts an investing- and money preparing-focused podcast, “NewFocus on Wealth,” which provides perception on financial preparing and wealth management developments and difficulties.
“Our purpose is to empower our purchasers and communities by arming them with the information they want to be successful, an strategy that the EP Wealth workforce shares,” Burton commented. “Our partnership aligns our core focus areas and will make it possible for us to provide a broader group of buyers.”
Black included: “We have developed a team of focused, experienced and credentialed persons who are very well-equipped to provide our shoppers. Our partnership with EP Wealth gives added resources, applications and engineering that will harness the electric power of our group and extend their get to further.”
EP Prosperity has finished 14 transactions in a period of strategic expansion for the agency. Considering that getting a minority investment from Prosperity Partners Funds Group (“WPCG”) in July 2017, EP Prosperity has accomplished acquisitions in California, Washington, Colorado, Arizona, Illinois, Texas and Utah. In September 2020, the agency concluded its biggest acquisition to-day, incorporating The Insight Team and Economical Perception Heart in Salt Lake City and Logan, Utah. In November, the organization introduced its acquisition of Harris Economic Advisors in Torrance, California.
“In an significantly competitive marketplace, firms that connect and teach traders will generate additional rely on,” claimed Loaded Gill, Senior Associate at WPCG. “The partnership in between EP Prosperity and NewFocus underscores their shared determination to customers, their financial literacy and their prolonged-time period financial achievement.”
The acquisition closed Jan. 15, 2021, and will improve EP Wealth’s property beneath administration by a lot more than $700 million. Economic and legal conditions of the offer will not be disclosed.
About EP Wealth Advisors
EP Wealth Advisors, LLC (“EP Wealth”) is a rate-only registered investment decision adviser and economical arranging organization based in Torrance, California, with additional workplaces in the San Francisco Bay area, San Diego, West Los Angeles and Irvine, California Salt Lake Town and Logan, Utah Seattle, Phoenix, Denver, Dallas and the Chicago region. The business manages about $10.7 billion in AUM as of Dec. 31, 2020, and gives consumer-centric financial preparing, expenditure management and integrated tax and estate organizing services to people and firms. EP Prosperity is led by co-founders and Managing Administrators Derek Holman, CFP®, AIF®, and Brian Parker, CFP®, and President and CEO Patrick Goshtigian, CFA®. For additional facts, you should stop by www.epwealth.com.
About Wealth Associates Funds Group
Prosperity Partners Funds Team (“WPCG”) is a financial solutions holding business, which has partnered with EP Wealth Advisors (“EP Wealth”). WPCG assists EP Prosperity by figuring out and integrating like-minded registered expenditure advisers who are trying to get entry to expanded organization capabilities, strategic development and custom made changeover remedies. The WPCG administration team is led by companions John W. Copeland, Prosperous Gill and Sean Bresnan. For far more data, be sure to stop by www.wealthpcg.com.
Marissa Foy Comerford
Gregory FCA for EP Wealth
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