As its national expansion rumbles on, EP Wealth is solidifying its commitment to enhancing its human resources strategy with a landmark C-suite appointment.
On Wednesday, EP Wealth Advisors announced that it has named Megan Glover, a seasoned leader in the HR space, as its first chief people officer.
Glover brings over two decades of experience in HR leadership, primarily within financial services, and will work closely with the company’s leadership to shape policies and initiatives aligned with EP Wealth’s growth and culture.
As part of her new purview, Glover will be collaborating across departments to integrate the firm’s strategic vision into HR practices that uphold its core values while supporting planned growth.
A fee-only RIA with a financial planning focus, EP Wealth has grown substantially since inception into a firm with more than 35 offices across 12 states. As of July 31, it reported more than $26.2 billion in AUM.
“One of the many things that I love about our business is that we are all about people. Clients and employees are at the center of our purpose so it’s fitting to have a member of our executive team committed to all things people,” Ryan Parker, CEO of EP Wealth, said in a statement.
He expressed high hopes over Glover’s “passion and expertise,” which he said would “further energize our ability to deliver on every facet of our vision to enrich lives, one relationship at a time.”
Before joining EP Wealth, Glover served as managing director and chief human resources officer at SMBC MANUBANK.
Her efforts to set up the company’s HR strategy, bolster compensation and benefits, and enhance talent acquisition and professional development proved instrumental as the company tripled in size over three years while expanding its operations across more than 40 states.
Her career also includes leadership roles at PIMCO, Macquarie, and Moelis, where she specialized in talent development, diversity and inclusion, and post-merger integration.
Glover will be based out of EP Wealth’s Torrance, California office.
“The opportunity to help ensure people are the priority as the firm continues to expand across the country is exciting,” Glover said.
So far in 2024, EP Wealth has made some fairly hefty additions in the Western US. In April, it welcomed a $1.2 billion independent practice in California, and then scored two sports-focused advisors from RBC.
More recently in July, it crossed the billion-dollar AUM mark in Texas with its deal for a $700 million Dallas-based financial planning firm.
Glover's expert touch in HR will be crucial as the firm expects to expand its workforce to more than 500 employees.
“Giving people a seat at the table as objectives, initiatives, and investments are determined is a perfect example of why this firm has thrived, and I can’t wait to help build the next chapters,” she said.
Entries for InvestmentNews' 5-Star Wealth Management Teams close next week
The strategic PE investor is bolstering its presence in North Carolina through a partnership with the $1.8 billion RIA.
The advisor “failed to disclose multiple conflicts of interest and misappropriated client assets," the SEC said.
Commodity investments were among the biggest winners in 2024, but advisors remain wary of owning them in client portfolios.
The CEO says the besieged bond giant is "fine-tuning" its strategies and would soon start integrating back- and mid-office functions with its parent Franklin.
AssetMark Group CEO explains why the great wealth transfer, succession planning, and personalization will be key for advisors in the new year.
A trust delivery model not only increases the value of an advisor and a firm but is also a natural addition to any firm’s succession plan.
