Gather Financial Planning is set to bolster EP Wealth’s expansion in Northern New England. Credit: ARMMY PICCA/Shutterstock.

US-based RIA EP Wealth Advisors has expanded its national footprint with the acquisition of Maine-based Gather Financial Planning, and Riley Private Client in Texas.

These transactions contributed over $240m to EP Wealth’s assets under management (AUM).

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Financial details about the details were not revealed.

EP Wealth CEO Ryan Parker said: “In addition to the 15,000 clients we are serving today, we see an opportunity to serve even more families across the country while staying true to our mission of enriching lives through guidance in achieving their financial goals.

“Partnerships with firms like Gather Financial and Riley Private Client enable us to extend our reach, offering clients the personalised attention of a boutique firm while benefiting from the resources and capabilities of the larger organization EP has built.”

With its offices in Bangor and Falmouth, Maine, Gather Financial Planning is set to bolster EP Wealth’s rapid expansion in Northern New England.

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Gather Financial Planning was co-founded by Michael Goldman and Abby Morton.

Goldman is set to join EP Wealth as a vice president and advisor, bringing along a team of five professionals.

EP Wealth, since 2022, has teamed up with three companies, spreading its reach across Maine, New Hampshire, and northern Massachusetts, complementing its existing presence in Boston.

Located in Graham, Texas, Riley Private Client has been under the leadership of Doug Jones following the passing of its founder Bill Riley in 2022.

Jones will transition into EP Wealth as a vice-president and advisor, along with a client relationship associate.

This year, EP Wealth has completed a total of seven acquisitions.

Jones said: “Our team is excited to continue as part of EP Wealth and build on the legacy of Riley Private Client.

“Our familiarity with the former Sloan team strengthened our confidence we have in partnering with a firm like EP.”