EP Wealth Advisors Acquires $240 Million RIA

EP Wealth Advisors LLC, an independent registered investment advisor and financial planning firm based in Torrance, California, has acquired Millie Capital Management.

EP Wealth Advisors LLC, an independent registered investment advisor and financial planning firm based in Torrance, California, has acquired Millie Capital Management LLC which manages approximately $240 million in client assets.

Millie Capital, founded by Ross Millie in 1991, is an independent registered investment advisor with offices in Reno, Nevada and Walnut Creek, California that specializes in designing investment plans and managing portfolios for high net worth individuals. Millie will assume the role of senior wealth advisor at EP Wealth.

“Ross has spent the last 27 years building a dedicated fiduciary-minded financial planning practice and helping his clients achieve financial success. His commitment to offering high quality service complements our approach to doing business,” said Patrick Goshtigian, president and CEO of EP Wealth.

The transaction is EP Wealth’s third acquisition in Northern California since 2016. Ballou Plum Wealth Advisors in Lafayette joined EP Wealth in January 2016, and Private Capital Management Associates in San Mateo was acquired in June 2017.

The financial and legal terms of the deal were not disclosed.

EP Wealth Advisors LLC is a fee-only RIA with additional offices in the San Francisco Bay area, West Los Angeles and Irvine, California, Seattle and Denver. The firm manages more than $3.29 billion in AUM as of December 31, 2017 and provides financial planning and investment management services to individuals and businesses.

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