California-based RIA acquires $200 million RIA

Personal Financial Consultants adds $200 million in assets to $4.4 billion EP Wealth Advisors

Aug 21, 2019 @ 1:32 pm

By InvestmentNews

EP Wealth Advisors, a Torrance, Calif.-based registered investment adviser that manages almost $4.4 billion in assets, has acquired Personal Financial Consultants, an RIA in Lafayette, Calif., which managed $200 million in assets.

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The acquisition bolsters EP Wealth Advisors' presence in the San Francisco Bay area, the company said in a release.

Personal Financial was founded in 1985 by Loren Kayfetz. He and his partner, Jonathan Spector, have become vice presidents and wealth advisers at EP Wealth, and all other employees of Personal Financial have also joined EP Wealth.

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Financial and legal terms of the deal were not disclosed.


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