EP Wealth Advisors has expanded its footprint in the US with the acquisition of Michigan-based Executive Wealth Management (EWM).
Financial and legal details of the transaction were not revealed.
This move marks EP Wealth’s entry into Michigan, bolstering its Midwest foothold.
It adds nearly $1.6bn in assets under management (AUM) to the company’s books, increasing its total AUM to over $31bn.
Established in 1985 by Bert Herzog, EWM offers financial, tax, investment, and legal services.
It has a presence in Michigan with offices in Brighton, Northville, Jackson, and Ludington, as well as locations in Florida and Colorado.
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As part of the deal, around 50 EWM team members have moved to EP Wealth. This increases the company’s staff headcount to over 500, including more than 150 advisors.
EWM partners Albert Herzog III, Michael Chechel, Gregory Barber, Adam Kulesza, Michael Lay, Albert Herzog IV, Robert Larsen, Zachary Messina, and Jimmie Plaskey, along with Todd Perry, Shawn Lawson, Nathan Larsen, and John Barbrick, will be employee-owners at EP Wealth.
Herzog said: “Joining EP Wealth is an exciting milestone that strengthens the legacy of Executive Wealth Management and enables us to continue serving our clients with excellence while gaining access to additional resources that enhance our capabilities.”
The acquisition was EP Wealth’s seventh in 2024.
EP Wealth CEO Ryan Parker said: “For nearly 40 years, EWM has provided clients with dedicated service and care while working towards financial goals together.
“When discussing the potential partnership, it was clear we share both a vision and commitment to enriching lives, so adding this team and their clients to the growing EP family is a natural fit.”
Wealth Partners Capital Group played a key role in facilitating the deal between the two firms.
EP Wealth managed around $29.5bn in assets as of 31 December 2024.
The employee-owned RIA operates more than 45 offices across 15 states, offering a suite of services including financial, tax, and estate planning, in addition to investment management.
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