TORRANCE, Calif.--(BUSINESS WIRE)--EP Wealth Advisors, LLC (“EP Wealth”), a leading independent registered investment adviser (“RIA”) that specializes in client-centric financial planning and investment management services, has acquired the business of Abbas A. Heydari, CFP®. The independent practitioner adds financial planning expertise to EP Wealth’s headquarters in Torrance, Calif.
For over 35 years, Abbas A. Heydari, CFP® has provided comprehensive financial planning and portfolio management for high-net-worth individuals and families. He holds the CERTIFIED FINANCIAL PLANNER™ certification and is an active member of CFP Board and the National Association of Personal Financial Advisors. Heydari joins EP Wealth as a consultant.
The acquisition is the latest in EP Wealth’s ongoing growth trajectory. Earlier this year, the firm announced its acquisition of NewFocus Financial Group, a RIA with offices in Vancouver, Wash. and San Mateo, Calif. Since taking a minority investment from Wealth Partners Capital Group (“WPCG”) in July 2017, EP Wealth has completed acquisitions in California, Washington, Colorado, Arizona, Illinois, Texas and Utah. The organic and inorganic growth achieved in the last three years propelled EP Wealth to a significant milestone, surpassing $10 billion in assets under management at the end of 2020.
The acquisition closed Jan. 29, 2021. 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 the San Francisco Bay area, San Diego, West Los Angeles, San Mateo and Irvine, California; Salt Lake City and Logan, Utah; Vancouver, Washington; Seattle, Phoenix, Denver, Dallas and the Chicago region. The firm manages over $10.7 billion in AUM as of Dec. 31, 2020, and provides client-centric financial planning, investment management and integrated tax and estate planning services to individuals and businesses. EP Wealth is led by co-founders and Managing Directors Derek Holman, CFP®, AIF®, and 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.
