EP Wealth Advisors buys $400 million Donnelly Wealth Advisors

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

JUN 04, 2018

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.

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