EP Wealth Advisors® Strengthens Presence in Utah with Acquisition of Parker Advisory Group, LLC
EP Wealth Advisors®, LLC ("EP Wealth"), a leading independent registered investment adviser ("RIA") with an expanding national presence and client base, has announced its acquisition of Parker Advisory Group, LLC. Parker Advisory Group and its Founder and Principal Chad Parker will join EP Wealth, adding over $188 million to EP Wealth's Assets Under Management ("AUM").
"Chad and Parker Advisory Group share EP Wealth's commitment to providing a superior client experience while driving towards achieving established financial goals," said EP Wealth's Chief Executive Officer Ryan Parker. "Parker Advisory Group's influence and experience will add to EP Wealth's growth in a region where we already have an outstanding presence and history of advising generations of clients throughout several stages of their lives - including all the ?little things' that come their way."
Headquartered in St. George, UT, Parker Advisory Group has for over 14 years provided financial planning and investment advisory services to clients primarily in the Utah and Nevada regions. EP Wealth Advisor's comprehensive suite of services augments Parker Advisory Group's existing offering with estate and trust planning, enhanced compliance and much more. Parker and Client Relationship Associate Mandie Yates will move into EP's existing office in St. George as part of the partnership.
"Helping our clients navigate their financial journey and ensuring a strong sense of satisfaction is an ongoing process and one we take seriously," said Chad Parker. "Our partnership with EP represents a new chapter for our clients, and we are confident its robust suite of services will add to our ability to help achieve their financial goals."
The Parker Advisory Group partnership marks the first acquisition for EP Wealth in 2024 and its 30th in total since taking a minority investment from Wealth Partners Capital Group in July 2017. EP Wealth will continue to be active in developing new partnerships that further EP Wealth's goal to enrich the financial lives of clients across the country.
Financial and legal terms of the deal will not be disclosed.
About EP Wealth Advisors
EP Wealth Advisors, LLC ("EP Wealth") is a fee-only registered investment adviser and financial planning firm with more than 30 offices in 12 states, including California, Washington, Arizona, Utah, Colorado, Texas, South Carolina, Illinois, Pennsylvania, Massachusetts, New Hampshire and Maine. The firm manages more than $21.4 billion in assets as of December 31, 2023. EP Wealth provides client-centric financial, tax and estate planning, and investment management services to individuals and businesses. Headquartered in Torrance, California, EP Wealth is led by Co-Founders and Managing Directors Derek Holman, CFP®, AIF®, and Brian Parker, CFP®, along with CEO Ryan Parker, and Executive Chairman Patrick Goshtigian, CFA. It is backed by Berkshire Partners, a leading private investment firm in Boston. In 2024, EP Wealth celebrates its 25th anniversary serving families across the country and helping them reach their financial goals. For more information, please visit www.epwealth.com.
About Wealth Partners Capital Group
Wealth Partners Capital Group ("WPCG") is a financial services holding company, which invests in and partners with select leading wealth management firms. WPCG assists its partner firms by identifying and integrating like-minded wealth advisers who seek access to expanded business capabilities, strategic growth and/or customized transition solutions. For more information, please visit www.wealthpcg.com.
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