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EP Wealth Advisors Buys $700 Million Wealth Manager
The addition of this business in Dallas takes the firm's AuM across the US to $25.2 billion.
EP Wealth Advisors, a US RIA, has bought Sloan Investment Management, adding about $700 million in assets under management.
The deal – the financial and legal terms of which were not disclosed – takes EP Wealth’s total AuM in the Dallas (pictured) region to over $1 billion, and $25.2 billion nationwide.
Sloan is based in Dallas, Texas and led by managing partner Frank Sloan. Under the terms of the transaction, he will take up the role of regional director and partner at EP Wealth. Sloan is joined by Casey Conway and James Henry, both partners and senior vice presidents, and Shannen Smith, as vice president.
The report staff of the Sloan team are remaining in place.
The Sloan acquisition is the third for EP Wealth in 2024 and its 32nd since taking a minority investment from WPCG in July 2017.
EP Wealth Advisors has more than 35 offices in 12 states and is headquartered in Torrance, California. It is led by CEO Ryan Parker, along with co-founders and managing directors Derek Holman, Brian Parker, and executive chair Patrick Goshtigian. The business is backed by Berkshire Partners, a private investment firm in Boston.
