Evercore Wealth Management is to acquire Mt Eden Investment Advisors, a San Francisco-based wealth management firm with USD645m in client assets as of 30 September.
The firm named three new partners, two in San Francisco and one in Los Angeles.
With these additions, Evercore Wealth Management will have seven partners serving high net worth individuals, families, and related institutions along the West Coast; Evercore Wealth Management will have a total of 25 partners across the US.
“The expansion of our West Coast presence is an exciting step in our continued growth as a national firm,” says Jeff Maurer, chief executive of Evercore Wealth Management. “Our new colleagues, who average more than 20 years of experience, share our conviction that private clients are best served by independent advice and an investment approach that is free from conflicts of interest.”
Keith McWilliams, the founder of Mt. Eden Investment Advisors, says: “We are delighted to be joining Evercore Wealth Management, which has rapidly established itself as a premier national firm. Our clients will benefit from complementary investment capabilities and a breadth of planning and trust offerings, while retaining a direct and personal relationship with their advisers.”