RIA aggregator EP Wealth Advisors has further expanded its foothold in the US with the acquisition of The Holben Group in Denver, Colorado.
This move enhances EP Wealth’s presence in the state, adding $190m in assets to its books.
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Financial and legal specifics of the deal were not made public.
The Holben Group, established in 2006, offers financial planning and investment management services.
With this partnership, The Holben Group’s founder Jeffrey Holben and Clinton Demming, will move to EP Wealth as vice president, advisor, partner.
Additionally, Patricia Parker will come on board as a wealth advisor. This integration will enable The Holben Group to leverage EP Wealth’s resources and operational support.
The Holben Group will collaborate with Jon Moore, EP Wealth’s regional director, and the existing Colorado team.
Holben said: “Partnering with EP Wealth enhances our offerings and allows us to deepen our shared client-first approach. We’re excited for this next chapter and everything it will bring for our clients.”
This acquisition is EP Wealth’s second this year, following its acquisition of Nashville, Tennessee-based Criterion Capital Advisors with over $500m in assets.
Criterion Capital is led by co-founder Allan Horner, and partners Mark Pierce and Scott Freeman. They will now head EP Wealth in Nashville, offering financial planning, investment, and tax planning services.
EP Wealth CEO Ryan Parker said: “For over 25-years, EP Wealth has been built by entrepreneurs who are committed to long-term, personal relationships with their clients.
“Denver was our first office outside California as we started our journey towards a nationwide firm. The Holben Group team shares the values and vision that have been core to EP Wealth.”
EP Wealth Advisors has over 47 offices across 16 states. The business managed assets exceeding $31bn as of 31 December 2024.
