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EP Wealth Advisors purchases Donnelly Wealth Advisors

Published 05 June 2018

EP Wealth Advisors, an independent registered investment advisor, has acquired San Diego-based Donnelly Wealth Advisors (DWA).

DWA is an independent RIA firm that was founded by Richard “Rich” Donnelly in 1997. The firm is known for taking a specialized approach to managing client wealth and providing a comprehensive view of the client’s finances within the context of their larger goals and objectives.

Donnelly earned the Registered Life Planner® designation which encourages a more holistic approach to planning with a focus on the client’s goals, an approach closely mirrored by EP Wealth. Donnelly will assume the role of Regional Director at EP Wealth.

Two key next-generation financial planners will assume new roles, as well, with Bradley Owen, CFP®, serving as Senior Vice President and Senior Wealth Advisor, and Adam Werner, CFP®, serving as Vice President and Wealth Advisor. Donnelly, Owen and Werner will all become Partners at EP Wealth.

“DWA is one of the largest and fastest-growing fee-only RIAs in San Diego, and its multi-generational team will provide us with strong organic growth as we continue to enhance EP Wealth’s San Diego presence,” said Patrick Goshtigian, CFA, President and CEO of EP Wealth.

“Their team takes a personalized approach to financial life planning and emphasizes the individual client relationship. This philosophy aligns closely with our own goals and what our clients expect when working with us.”

This is EP Wealth’s third acquisition in the last 12 months, after acquiring Private Capital Management Associates in San Mateo, Calif. in June 2017 and Millie Capital Management of Walnut Creek, Calif. earlier this year.

“The RIA market is evolving and the environment is favorable for firms that can offer clients a wide range of personalized planning services. EP Wealth and DWA’s combined resources and expertise do just that,” said Rich Gill, a partner at WPCG. “EP Wealth has the tools to enable DWA to spend more time serving its clients by providing a scalable back office infrastructure. We believe this partnership will create the leading wealth management offering in San Diego.”

The acquisition closed on May 30, 2018 and will increase EP Wealth’s assets under management by more than $400 million, as well as adding more than 300 clients. Financial and legal terms of the deal will not be disclosed.

EP Wealth Advisors, LLC (“EP Wealth”) is a fee-only registered investment advisor and financial planning firm based in Torrance, Calif., with additional offices in the San Francisco Bay area, West Los Angeles and Irvine, Calif., Seattle and Denver. The firm manages over $3.6 billion in AUM as of March 31, 2018 and provides client-centric financial planning and investment management services to individuals and businesses.

Source: Company Press Release