EP Wealth Advisors (EP Wealth), an independent registered investment adviser that specialises in client-centric financial planning and investment management services, has announced its acquisition of Guidant Wealth Advisors (Guidant). The acquisition extends EP Wealth’s reach to the suburbs of Chicago and expands the firm’s level of expertise with the incorporation of 10 seasoned professionals.
Guidant has made delivering independent financial advice to each client its core mission since it was founded more than 25 years ago by Frank T. Patzke, CFP. The Palatine, Illinois-based firm utilised a diligent, five-step process to determine each client’s needs and develop a comprehensive plan to address every area of their financial future. Patzke and the entire Guidant team will assume roles at EP Wealth, and look forward to the new partnership.
“EP Wealth is dedicated to partnering with firms that put their clients’ interests first,” says Patrick Goshtigian, CFA, President and CEO of EP Wealth. “Frank built Guidant on that client-centric philosophy in tandem with a deep emphasis on integrity, objectivity and professionalism. These overarching principles align perfectly with our own.”
“As we considered our future, we sought to maintain focus on the meaningful relationships and trust we have built with our clients,” says Patzke. “In order to continue to deliver our high standard of service, we recognised the need to add a robust partner who shares our philosophy. EP Wealth’s size and scale gives us the opportunity to provide the best-in-class offerings our clients need to succeed.”
The acquisition marks the latest transaction in a period of strategic growth for EP Wealth. Since taking a minority investment from Wealth Partners Capital Group (“WPCG”) in July 2017, EP Wealth has completed nine acquisitions in California, Washington, Colorado, Arizona and Illinois. In 2019, the firm acquired Guidant Wealth Advisors in Chicago, CPIC International in San Francisco, Personal Financial Consultants in Lafayette, California, Conlon Dart Wealth Management in Seattle and Pathlight Investors in Phoenix.
The acquisition closed 16 December, 2019, and will increase EP Wealth’s assets under management by more than USD261 million. Financial and legal terms of the deal have not been disclosed.