EP Wealth Advisors (EP Wealth), an independent registered investment adviser that specialises in client-centric financial planning and investment management services, has acquired Providus Advisors.This is EP Wealth’s second Phoenix-area acquisition in the last 12 months and the addition enhances the firm’s depth.
Located in Chandler, Arizona, Providus has helped its clients achieve and maintain financial independence for the last 15 years. The firm specialises in investment management and financial planning for high-net-worth individuals and families and retirement plan services for small businesses. Providus has prioritised a commitment to superior service, leading to a remarkably high client-retention rate. Mike McGinley and James Dwyer, who served as Founding Partners of Providus, will each assume the roles of Vice President and Partner at EP Wealth.
“Providus has earned and maintained a loyal client base through a deep commitment to delivering on clients’ financial goals, a philosophy that aligns with the EP Wealth approach,” says Patrick Goshtigian, CFA, President and CEO of EP Wealth. “We are thrilled to partner with Providus and add their team’s areas of expertise and industry experience to our roster.”
“Joining EP Wealth will provide us with the strategic investment management and back-office tools we need to continue to grow and flourish,” says McGinley.
“With that added support from such an established firm, we will be able to offer our clients more robust services and an even more personalised experience overall,” says Dwyer.
The acquisition marks the 11th 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 acquisitions in California, Washington, Colorado, Arizona, Illinois and Texas. In February 2020, the firm announced its acquisition of International Research & Asset Management, Inc in Dallas.
The acquisition closed on 31 July, 2020, and will increase EP Wealth’s assets under management by more than USD155 million. Financial and legal terms of the deal have not been disclosed.
