The latest mergers, acquisitions and other corporate actions in the wealth management sector.

EP Wealth Advisors, NBS
EP Wealth Advisors, an RIA, has formed a strategic partnership with NBS Financial Services, based in the Conejo Valley of Southern California. It adds to EP Wealth’s existing office in Westlake Village, California, and brings more than $230 million in assets under management.

NBS was founded in 1981, and provides financial, tax, estate, retirement and education planning, along with investment management services. President Geordie Crossan, joined the firm, originally founded by his father, in 1986. He has served as president of the Ventura County Financial Planning Association and the LA/San Fernando Valley Institute of Certified Financial Planners. Crossan and two members of his team will join EP Wealth’s Westlake Village office.

NBS is EP Wealth’s fifth partnership of 2025. The financial and legal terms of the transaction were not disclosed.

Modern Wealth Management, OFM Wealth
Modern Wealth Management, an RIA, has bought Chicago-based OFM Wealth, taking AuM to more than $7.5 billion, and the 16th acquisition it has made since launching in April 2023.

“Establishing a presence in Chicago gives us a foothold in all major regions of the country. Bringing OFM Wealth into the Modern Wealth family accelerates our growth and further,” Jason Gordo, co-founder and president of Modern Wealth, said. 

OFM was founded in 1981 by Sam Ogrizovich; it serves more than 175 households across Chicago and beyond. It has a team of six professionals. 

Crestview Partners gave Modern Wealth $200 million in equity financing with a target of buying RIAs. Today, the RIA has more than 50 financial advisors and 150 other professionals in total.

OFM Wealth was represented by DeVoe & Company, a consulting firm and investment bank to RIAs. The financial terms weren’t disclosed.