EP Wealth Advisors, a California-based RIA, has extended its presence to the greater Chicago region by buying Guidant Wealth Advisors.
Illinois-based Guidant was established over 25 years back. The firm offers financial planning by assessing customer requirements using a five-step process.
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By GlobalDataAs part of the deal, 10 Guidant employees including founder Frank Patzke will join EP Wealth.
“EP Wealth’s size and scale gives us the opportunity to provide the best-in-class offerings our clients need to succeed,” Patzke stated.
The deal, whose value was not revealed, brings over $261m of assets to EP Wealth.
EP Wealth president and CEO Patrick Goshtigian said: “EP Wealth is dedicated to partnering with firms that put their clients’ interests first.
“Frank built Guidant on that client-centric philosophy in tandem with a deep emphasis on integrity, objectivity and professionalism. These overarching principles align perfectly with our own.”
EP Wealth has operations in Torrance, which serves as its base, as well as San Francisco Bay area, West Los Angeles, Irvine, Seattle, Phoenix, and Denver.
At the end of September 2019, the wealth adviser’s assets under management totalled over $5.9bn.
Last year, the firm carried out several consolidation activities. It acquired Pathlight Investors, Conlon Dart Wealth Management , Personal Financial Consultants, and CPIC International in 2019.
