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Tuesday, February 20, 2024

EP Wealth Advisors Acquires Warren Monetary Providers & 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 Providers & Associates, within the better Philadelphia space, provides round $274 million in shopper belongings to the rising integrator of registered funding advisors, which now oversees greater than $15 billion by way of 18 places of work in 9 states.

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

Warren Monetary offers 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 group members may even be part of EP.

“The extra depth and breadth of assets and providers will enable us to concentrate on and improve our shopper providers and broaden our attain,” Warren stated in an announcement. “We sit up for a vivid future as a part of the EP Wealth group.”

The transaction closed on Nov. 29, only a month after EP acquired its first East Coast location within the better 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 companies 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 bold plans for continued development.

“Our ongoing purpose is to construct a nationwide agency made up of like-minded entrepreneurs targeted on serving shoppers and sustainable development,” EP President Ryan Parker stated, 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 companies on the east coast within the subsequent few months.”

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