EP Wealth Advisors® Acquires Klein Financial Advisors, Inc.

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Partnership expands EP Wealth’s presence in California to the Newport Beach area

TORRANCE, Calif.–(BUSINESS WIRE)–EP Wealth Advisors, LLC (“EP Wealth”), a leading independent registered investment adviser (“RIA”) on a mission to provide clients with personalized advice through integrated financial planning, investment management, and tax and estate planning, announces its acquisition of Klein Financial Advisors, Inc. The Newport Beach-based acquisition expands EP Wealth’s presence in the Greater Los Angeles area.

Caribbean News Global EP_Wealth_logo_color EP Wealth Advisors® Acquires Klein Financial Advisors, Inc.

Lauren Klein, Founder and President of Klein Financial Advisors, founded the firm in 2003. The boutique financial planning and wealth management firm has a strong emphasis on helping women during all of life’s transitions including divorce, tax planning and more. Klein will assume the role of Vice President – Senior Wealth Advisor at EP Wealth Advisors. Client Service Manager Jamie Klein will also join the EP team.

“Klein Financial is a team dedicated to helping clients reach their full potential in life,” said Patrick Goshtigian, CFA, President and CEO of EP Wealth. “That is something we strive to do every day at EP Wealth. We are thrilled to partner with a firm whose philosophy mirrors ours and that will expand our financial planning services for life’s major transitions, particularly for women.”

Klein added: “My main goal is to instill confidence in women as they navigate life events like parenthood, divorce, re-marriage, being widowed and more. I want them to feel in control of their finances by empowering them with the advice, tools, and resources to help them excel amid life’s ups and downs. That’s why we partnered with EP Wealth. We look forward to the expanded services and offerings for our clients that EP will offer.”

The merger marks EP Wealth’s 22nd transaction in a five-year period of strategic growth for the firm. Since taking a minority investment from Wealth Partners Capital Group in July 2017, EP Wealth has partnered with firms in California, Washington, Colorado, Arizona, Illinois, Texas and Utah. In 2021, the firm acquired the business of Homewood Capital Management in Danville, California; Abbas Heydari, CFP®, a Torrance, California-based advisor; New Focus Financial Group, an RIA with offices in Vancouver, Washington, and San Mateo, California; Sound Financial Management, with locations in Mt. Vernon and Friday Harbor, Washington; The Kirkland team in Kirkland, Washington and Mindful Money in Berkeley, California. EP Wealth eyes further growth and plans to further expand its organization and capabilities in 2022.

The acquisition of Klein Financial Advisors closed on Jan. 21, 2022 and will increase EP Wealth’s assets under management by more than $118 million. 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 based in Torrance, California; with additional offices in Los Angeles, Orange County, the San Francisco Bay Area and San Diego, California; Portland, Oregon; Seattle, Puget Sound and Vancouver, Washington; Phoenix, Arizona; Denver, Colorado; Salt Lake City, Utah, Dallas, Texas and Chicago, Illinois. The firm manages more than $15 billion in AUM as of December. 31, 2021, and provides client-centric financial planning and investment management services to individuals and businesses. EP Wealth is led by co-founders and Managing Directors Derek Holman, CFP®, AIF®, Brian Parker, CFP®, and President and CEO Patrick Goshtigian, CFA®. 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 has partnered with EP Wealth Advisors (“EP Wealth”). WPCG assists EP Wealth by identifying and integrating like-minded registered investment advisers who are seeking access to expanded business capabilities, strategic growth and customized transition solutions. The WPCG management team is led by Partners John W. Copeland, Rich Gill and Sean Bresnan. For more information, please visit www.wealthpcg.com.

Contacts

Rocco Aloe

Gregory FCA for EP Wealth

EP@GregoryFCA.com
610-860-2075