EP Wealth Advisors, a Torrance, California-based registered investment advisor managing $15.1 billion, acquired Cribstone Capital Management, a Maine-based firm, in a deal that closed Dec. 31.
The acquisition was EP Wealth Advisors’ sixth transaction of 2022. Terms were not disclosed.
Cribstone has two offices, in Augusta and Brunswick, and manages $357 million.
The firm is led by Scott Upham and Jeff Burch, who are joining EP Wealth along with four additional team members.
The deal brings EP Wealth’s total employee base to nearly 330.
Quarterly analysis of retirement accounts highlights positive behavior.
Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
