[ad_1]
EP Wealth Advisors has picked up 22 group members and near $1.2 billion in managed property with the acquisition of Wacker Wealth Companions in San Luis Obispo, Calif.
Led by former CEO Ryan Caldwell, EP’s new regional director for Central California, and former President and COO Bryan Krill, who’s entering into the function of affiliate regional director, the Wacker group serves 700 households and 27 institutional purchasers representing an “array of industries.”
“We have been in Northern California and in Southern California, however we thought it will certain be good to have a presence on the central coast,” mentioned EP co-founder Brian Parker, noting that each he and co-founder Derek Holman went to varsity within the space.
“To be trustworthy, there’s not quite a lot of companies there, so we really feel so lucky to have discovered the Wacker group,” he added. “One of many preliminary sights was simply assembly the group and understanding they have a look at the world in an identical solution to us—as fiduciaries, which is one thing we maintain intently. Should you have a look at how they have been based and the way they serve purchasers, they’re similar to EP.”
Created in 1988, Wacker Wealth has all the time been a fee-only agency. Founder Bob Wacker handed away in February, three weeks shy of his seventy fifth birthday, however he was intently concerned within the negotiation course of and endorsed the sale to EP. Entry to an expanded menu of service capabilities accessible by way of the bigger agency was a key motivator.
“Partnering with EP permits us to proceed serving this rising space with the identical focus and dedication we’ve got for many years whereas offering the help and capabilities—a big group of specialised professionals in planning, funding, expertise, compliance and extra—of a nationwide RIA,” mentioned Caldwell.
“We stay up for tapping into EP’s expanded sources to reinforce our service to present and future purchasers, together with tax and property planning,” added Krill. “Having the capabilities of a agency of this measurement will give our advisors and employees extra instruments and help as we proceed to develop.”
The deal is the second introduced by EP in 2024, following the acquisition of a two-person group in southwest Utah managing $188 million for about 200 purchasers.
It’s the thirty first since promoting a minority piece to Wealth Companions Capital Group in 2017. Celebrating its twenty fourth anniversary this yr, EP Wealth manages greater than $22 billion for greater than 12,500 households and practically 600 institutional purchasers.
“I don’t assume our pipeline has ever been extra strong than it’s now,” Parker mentioned, stating that the main focus is on discovering the correct individuals and geographical issues are secondary. “We’re on the lookout for companies that have a look at the world in the identical approach we do, which is client-first, planning-first, making an attempt so as to add companies and being that household workplace for all.”
[ad_2]
