EP Wealth Buys $1.6 Billion Michigan RIA, Boosting Midwest Footprint -- Barrons.com

Dow Jones

2025/01/08

By Andrew Welsch

EP Wealth Advisors made one of its largest acquisitions ever, buying Executive Wealth Management, a registered investment advisor with $1.6 billion in assets under management.

The deal boosts EP Wealth's total AUM to more than $31 billion, the company said Tuesday. The firm did not disclose terms of the deal, which was finalized in December.

EP Wealth ranked No. 11 on Barron's Top 100 RIA Firms for 2024.

The firm's latest acquisition boosts EP Wealth's presence in the Midwest as Executive Wealth Management has four offices in Michigan: Brighton, Northville, Jackson and Ludington. The Michigan RIA also has locations in Florida and Colorado, according to EP Wealth.

Executive Wealth Management was founded in 1985 by Bert Herzog. By joining EP Wealth, he said his firm will gain access to additional resources and capabilities. The RIA's nearly 50 team members will join EP Wealth, bringing total employee head count to more than 500, according to the company.

Torrance, California-based EP Wealth is backed by private-equity firm Berkshire Partners. It has done dozens of acquisitions since 2017. Among its most recent deals, it bought CornerCap Investment Counsel in September. CornerCap had nearly $1.1 billion in assets under management.

Write to Andrew Welsch at andrew.welsch@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

January 07, 2025 13:45 ET (18:45 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The firm did not disclose terms of the deal, which was finalized in December. \n</p>\n<p>\n     EP Wealth ranked No. 11 on Barron's Top 100 RIA Firms for 2024. \n</p>\n<p>\n     The firm's latest acquisition boosts EP Wealth's presence in the <a href=\"https://laohu8.com/S/MDWT\">Midwest</a> as Executive Wealth Management has four offices in Michigan: Brighton, Northville, Jackson and Ludington. The Michigan RIA also has locations in Florida and Colorado, according to EP Wealth. \n</p>\n<p>\n     Executive Wealth Management was founded in 1985 by Bert Herzog. By joining EP Wealth, he said his firm will gain access to additional resources and capabilities. The RIA's nearly 50 team members will join EP Wealth, bringing total employee head count to more than 500, according to the company. \n</p>\n<p>\n     Torrance, California-based EP Wealth is backed by private-equity firm Berkshire Partners. It has done dozens of acquisitions since 2017. Among its most recent deals, it bought CornerCap Investment Counsel in September. CornerCap had nearly $1.1 billion in assets under management. \n</p>\n<p>\n     Write to Andrew Welsch at andrew.welsch@barrons.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 07, 2025 13:45 ET (18:45 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EP Wealth Buys $1.6 Billion Michigan RIA, Boosting Midwest Footprint -- Barrons.com</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEP Wealth Buys $1.6 Billion Michigan RIA, Boosting Midwest Footprint -- Barrons.com\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-01-08 02:45</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Andrew Welsch \n</p>\n<p>\n  EP Wealth Advisors made one of its largest acquisitions ever, buying Executive Wealth Management, a registered investment advisor with $1.6 billion in assets under management. \n</p>\n<p>\n     The deal boosts EP Wealth's total AUM to more than $31 billion, the company said Tuesday. The firm did not disclose terms of the deal, which was finalized in December. \n</p>\n<p>\n     EP Wealth ranked No. 11 on Barron's Top 100 RIA Firms for 2024. \n</p>\n<p>\n     The firm's latest acquisition boosts EP Wealth's presence in the <a href=\"https://laohu8.com/S/MDWT\">Midwest</a> as Executive Wealth Management has four offices in Michigan: Brighton, Northville, Jackson and Ludington. The Michigan RIA also has locations in Florida and Colorado, according to EP Wealth. \n</p>\n<p>\n     Executive Wealth Management was founded in 1985 by Bert Herzog. By joining EP Wealth, he said his firm will gain access to additional resources and capabilities. The RIA's nearly 50 team members will join EP Wealth, bringing total employee head count to more than 500, according to the company. \n</p>\n<p>\n     Torrance, California-based EP Wealth is backed by private-equity firm Berkshire Partners. It has done dozens of acquisitions since 2017. Among its most recent deals, it bought CornerCap Investment Counsel in September. CornerCap had nearly $1.1 billion in assets under management. \n</p>\n<p>\n     Write to Andrew Welsch at andrew.welsch@barrons.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 07, 2025 13:45 ET (18:45 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4213","symbol_name":"石油與天然氣的勘探與生產","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2501363307","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501363307","pubTimestamp":1736275500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"EP Wealth Advisors made one of its largest acquisitions ever, buying Executive Wealth Management, a registered investment advisor with $1.6 billion in assets under management.The deal boosts EP Wealth's total AUM to more than $31 billion, the company said Tuesday. 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The firm did not disclose terms of the deal, which was finalized in December. \n\n\n     EP Wealth ranked No. 11 on Barron's Top 100 RIA Firms for 2024. \n\n\n     The firm's latest acquisition boosts EP Wealth's presence in the Midwest as Executive Wealth Management has four offices in Michigan: Brighton, Northville, Jackson and Ludington. The Michigan RIA also has locations in Florida and Colorado, according to EP Wealth. \n\n\n     Executive Wealth Management was founded in 1985 by Bert Herzog. By joining EP Wealth, he said his firm will gain access to additional resources and capabilities. The RIA's nearly 50 team members will join EP Wealth, bringing total employee head count to more than 500, according to the company. \n\n\n     Torrance, California-based EP Wealth is backed by private-equity firm Berkshire Partners. It has done dozens of acquisitions since 2017. Among its most recent deals, it bought CornerCap Investment Counsel in September. 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