M and A
Deals Of The Day: The Latest In Wealth Management M&A – EP Wealth Advisors, Better Money Decisions
The latest mergers, acquisitions and other corporate actions in the wealth management sector.
EP Wealth Advisors
EP Wealth
Advisors, an RIA, has partnered with Santa Fe, New
Mexico-based Better Money Decisions – a firm founded in
2015.
The financial and legal terms of the transaction were not disclosed.
The partnership brings approximately $370 million in assets under management and adds to EP Wealth’s presence in the Southwest.
As part of the change, BMD managing partner Lea Ann Knight will join EP Wealth as a regional director and partner, along with a team of four wealth advisors and one office services associate. BMD managing partner, Lorraine Ell, will retire as part of this partnership, EP Wealth Advisors said.
"After more than 40 years in financial services, it’s the right time for me to step away," Ell said. "What matters most is that our clients and team are in good hands – and with EP, I’m confident they are."
This is EP Wealth’s eighth strategic partnership of 2025.
EP Wealth Advisors manages a total of more than $36.4 billion in assets (based on June 30 data), and has operated for more than 25 years.