Home News EP Wealth Acquires $200 Million Bay Area RIA

EP Wealth Acquires $200 Million Bay Area RIA

EP Wealth Advisors LLC, an independent registered investment adviser with $5.3 billion in assets under management, has purchased Personal Financial Consultants Inc.

EP Wealth Advisors LLC, an independent registered investment adviser with $5.3 billion in assets under management, has purchased Personal Financial Consultants Inc., a $200 million financial planning and investment management firm based in the San Francisco Bay area. Financial terms were not disclosed.

Founded in 1985 by Loren Kayfetz, Personal Financial is located in Lafayette, California and specializes in designing financial plans for individuals and families. Kayfetz and partner Jonathan Spector will each assume the role of vice president and wealth advisor at EP Wealth, and all other firm employees will also join EP Wealth.

“EP Wealth remains focused on partnering with firms that share our philosophy and business approach,” said Patrick Goshtigian, president and CEO of EP Wealth. “Loren built Personal Financial on the belief that financial advice should be customized to effectively meet the needs and goals of each client, which is the same holistic planning approach that drives our team’s work.”

This is EP Wealth’s third acquisition of 2019. Earlier this year, the firm acquired Conlon Dart Wealth Management in Seattle and Pathlight Investors in Phoenix, marking the fourth and fifth regional expansions for the California-based firm.

In 2018, the firm acquired Rampart Wealth Advisors of Greenwood Village, Colorado, Donnelly Wealth Advisors of San Diego, Caves & Associates Inc. of Manhattan Beach, California, and Millie Capital Management of Walnut Creek, California.

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