EP Wealth Advisors Expands to East Coast with Acquisition of $1.1 Billion RIA
EP Wealth Advisors LLC, an independent registered investment adviser, has acquired a Massachusetts-based RIA.
EP Wealth Advisors LLC, an independent registered investment adviser, has acquired Massachusetts-based Minot Wealth Management LLC, a fee-only RIA with approximately $1.1 billion in assets under management.
Minot is led by managing directors Brian Mulvey, Patrick Donovan and William “Bill” Corcoran, each of whom have assumed the roles of managing directors and partners at EP Wealth. All of Minot’s staff members will also join EP Wealth.
“Our objectives continue to be centered on organic growth in our existing regions and aligning with like-minded RIAs and teams who share our values and client-first perspective,” said Patrick Goshtigian, chief executive officer of EP Wealth. “The Minot team embodies this spirit, as evidenced by their thoughtful approach to comprehensive investment management. We are excited to align with Minot and reach this pivotal milestone of a truly national expansion.”
According to the firm, the acquisition of Minot marks EP Wealth’s 24th partnership in a five-year period. Since taking a minority investment from Wealth Partners Capital Group in July 2017, EP Wealth has partnered with firms in California, Washington, Colorado, Arizona, Illinois, Texas and Utah and now Massachusetts. Minot is the first East Coast-based partner.
Earlier this year, the firm announced the acquisitions of Vantage Advisors in St. George, Utah, Klein Financial Advisors in Newport Beach, California and Coulston Financial Services in the San Francisco Bay Area.
EP Wealth Advisors LLC is a fee-only RIA and financial planning firm. The firm managed more than $15.1 billion in assets as of Dec. 31, 2021. It is backed by Berkshire Partners, a private investment firm based in Boston.
