EP Wealth Advisors buys $400 million Donnelly Wealth Advisors

Addition of San Diego-based firm brings EP's AUM to $4 billion

Jun 4, 2018 @ 2:31 pm

By InvestmentNews

EP Wealth Advisors, an RIA firm now managing $3.6 billion in assets and headquartered in Torrance, Calif., has acquired Donnelly Wealth Advisors of San Diego, which manages $400 million.

(More: RIA mergers and acquisitions set another record in 2017)

In a succession move, Richard "Rich" Donnelly, who founded his registered investment adviser in 1997, will become a regional director at EP Wealth. Two next-generation financial planners, Bradley Owen and Adam Werner, at his firm will assume new roles — and all will become partners.

Over the past 12 months, EP Wealth Advisors has acquired Private Capital Management Associates in San Mateo, Calif., and Millie Capital Management in Walnut Creek, Calif. The Donnelly acquisition is EP Wealth's second since taking a minority investment from Wealth Partners Capital Group, a financial services holding company, in July 2017.

0
Comments

What do you think?

View comments

Recommended next

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print