EP Wealth Advisors Acquires NewFocus Financial Team | Small business & Finance

TORRANCE, Calif.–(Small business WIRE)–Jan 19, 2021–

EP Prosperity Advisors, LLC (“EP Wealth”), a primary unbiased registered expense adviser (“RIA”) on a mission to supply customers with sincere and objective tips from skilled financial advisor teams via customized economic planning, custom-made financial commitment portfolios, and built-in tax and estate arranging, declared its acquisition of NewFocus Fiscal Team, LLC (“NewFocus”). The acquisition expands EP Wealth’s footprint to the spot of Greater Vancouver, Washington, provides to the firm’s financial preparing abilities, and fortifies its determination to high quality trader instruction via the NewFocus founders’ preferred podcast and radio exhibit.

Based mostly in Vancouver and with an added business office in San Mateo, California, NewFocus was founded by Rob Black and Chad Burton, CFP®. The agency specializes in aiding clients develop, preserve and protect prosperity, and supplies complete financial planning and investment administration providers for wealthy individuals and people, business enterprise owners, trusts, and retirement and pension options. The NewFocus team will be part of EP Prosperity, with Black serving as Radio Host and Partner and Burton assuming the function of Regional Director and Husband or wife.

“NewFocus is regarded as a well-revered resource for consumers and buyers within its community,” said Patrick Goshtigian, CFA, President and CEO of EP Wealth. “The team’s dedication to giving excellent assistance and methods for its consumers aligns with our mission. We are excited to build on the name Chad, Rob and the NewFocus crew have cultivated in their communities and lengthen EP Wealth’s attain to a new location.”

Black and Burton have emerged as acknowledged voices in the monetary companies neighborhood by their respective radio present and podcast. Black is the host of “Rob Black & Your Funds,” a day-to-day radio clearly show giving industry and investing insights. Burton hosts an investing- and financial organizing-concentrated podcast, “NewFocus on Prosperity,” which gives insight on economic organizing and prosperity administration developments and challenges.

“Our intention is to empower our customers and communities by arming them with the expertise they will need to be successful, an technique that the EP Wealth group shares,” Burton commented. “Our partnership aligns our main concentrate locations and will allow for us to provide a broader team of investors.”

Black added: “We have created a group of focused, knowledgeable and credentialed men and women who are well-geared up to serve our customers. Our partnership with EP Wealth supplies included sources, tools and technological know-how that will harness the power of our team and extend their arrive at additional.”

EP Prosperity has accomplished 14 transactions in a period of time of strategic development for the organization. Considering that using a minority expenditure from Prosperity Associates Money Team (“WPCG”) in July 2017, EP Wealth has done acquisitions in California, Washington, Colorado, Arizona, Illinois, Texas and Utah. In September 2020, the business done its biggest acquisition to-day, incorporating The Insight Team and Economic Perception Center in Salt Lake Town and Logan, Utah. In November, the organization announced its acquisition of Harris Economical Advisors in Torrance, California.

“In an progressively competitive market, firms that communicate and educate buyers will earn much more have confidence in,” reported Abundant Gill, Senior Lover at WPCG. “The partnership among EP Wealth and NewFocus underscores their shared determination to shoppers, their economical literacy and their very long-time period economical success.”

The acquisition closed Jan. 15, 2021, and will increase EP Wealth’s property beneath management by extra than $700 million. Fiscal and authorized phrases of the deal will not be disclosed.

EP Wealth Advisors, LLC (“EP Wealth”) is a payment-only registered investment decision adviser and economic organizing organization centered in Torrance, California, with extra workplaces in the San Francisco Bay space, San Diego, West Los Angeles and Irvine, California Salt Lake Metropolis and Logan, Utah Seattle, Phoenix, Denver, Dallas and the Chicago region. The organization manages more than $10.7 billion in AUM as of Dec. 31, 2020, and presents shopper-centric fiscal planning, expenditure management and integrated tax and estate scheduling expert services to persons and corporations. EP Prosperity is led by co-founders and Running Administrators Derek Holman, CFP ®, AIF ®, and Brian Parker, CFP ®, and President and CEO Patrick Goshtigian, CFA ®. For far more data, you should take a look at www.epwealth.com.

About Prosperity Companions Capital Team

Wealth Associates Funds Group (“WPCG”) is a money expert services keeping firm, which has partnered with EP Prosperity Advisors (“EP Wealth”). WPCG helps EP Wealth by identifying and integrating like-minded registered investment decision advisers who are trying to get accessibility to expanded business enterprise abilities, strategic expansion and personalized changeover solutions. The WPCG administration staff is led by companions John W. Copeland, Wealthy Gill and Sean Bresnan. For far more details, you should pay a visit to www.wealthpcg.com.

Call: Marissa Foy Comerford

Gregory FCA for EP Wealth


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Supply: EP Wealth Advisors, LLC

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PUB: 01/19/2021 11:30 AM/DISC: 01/19/2021 11:30 AM

Copyright Business Wire 2021.