Wealth Partners Capital Group (WPCG), a new firm focusing on the aggregation of smaller US wealth management businesses, has launched with the closing of minority investments in three platform firms – Forbes Family Trust (FFT), MAI Capital Management (MAI), and EP Wealth Advisors (EPWA).
The management teams of each firm will continue to hold a majority of the equity in their business and control of day-to-day operations.
The WPCG management team of John W. Copeland, Rich Gill and Sean Bresnan were previously senior executives in the wealth management business of Affiliated Managers Group (AMG). WPCG has received capital from a number of high profile individual investors, along with an investment from AMG in the form of the contribution of its minority interest in FFT, and will assist its three partner firms to expand via the acquisition of smaller, high quality RIA firms which seek a supportive partner and operational platform to better serve clients and grow their business.
“We are focused on our partnerships with these three leading wealth advisory firms, run by deep and experienced management teams,” says John W Copeland, Managing Partner. “As the independent wealth management industry continues to grow and mature, a long-term solution for smaller firms in need of business and operations support will be critical. We believe FFT, EPWA and MAI offer compelling opportunities to these firms.”
