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Saturday, December 3, 2022

EP Wealth Advisors Acquires Warren Monetary Companies & Associates


California-based EP Wealth Advisors introduced that it has closed on a second East Coast acquisition, and its first in Pennsylvania.

The addition of Warren Monetary Companies & Associates, within the higher Philadelphia space, provides round $274 million in consumer belongings to the rising integrator of registered funding advisors, which now oversees greater than $15 billion via 18 places of work in 9 states.

“We’re excited to accomplice with the Warren Monetary workforce and produce our providers to the Better Philadelphia Space,” EP CEO Patrick Goshtigian mentioned in a welcome to the incoming agency.

Warren Monetary gives monetary planning, funding administration and tax and property planning to high-net-worth people and enterprise house owners. The agency is led by founder and Chief Compliance Officer Randall Warren, who will assume the function of senior VP/accomplice at EP Wealth. 4 advisors and 4 help workforce members can even be part of EP.

“The extra depth and breadth of assets and providers will enable us to give attention to and improve our consumer providers and broaden our attain,” Warren mentioned in a press release. “We stay up for a vibrant future as a part of the EP Wealth workforce.”

The transaction closed on Nov. 29, only a month after EP acquired its first East Coast location within the higher Boston space. Particulars weren’t disclosed,

Warren marks EP’s twenty fifth acquisition in 5 years. Since taking a minority funding from Wealth Companions Capital Group in 2017, EP Wealth has partnered with corporations in California, Washington, Colorado, Arizona, Illinois, Texas, Utah, Massachusetts and now Pennsylvania. A minority funding by Berkshire Companions in 2020 added renewed momentum to the agency’s formidable plans for continued development.

“Our ongoing objective is to construct a nationwide agency made up of like-minded entrepreneurs centered on serving purchasers and sustainable development,” EP President Ryan Parker mentioned, noting that the agency’s “full” pipeline consists of M&A targets in established areas in addition to new markets. “We anticipate so as to add extra corporations on the east coast within the subsequent few months.”

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