National registered investment advisor firm Nepsis Inc. has acquired a full-service tax, accounting, and consultancy firm to expand its brand and offering.
The Minneapolis-headquartered firm has acquired Sevenich Butler Gerlach & Brazil Ltd., which will be incorporated into the Nepsis brand and expand the capabilities of its Nepsis family office framework which provides a holistic and comprehensive approach to wealth management for clients nationwide.
It also adds the high-net-worth and business clients of SBGB to its client base, together with more than 70 years of experience in tax, accounting, and consultancy services for wealthy individuals and family businesses.
“With Sevenich Butler Gerlach & Brazil Ltd., we found a partner that will significantly help our firm level up our ability to provide personalized, comprehensive financial guidance to our clients,” said Matt Pearson, who was recently appointed president of Nepsis. “As the advisory industry evolves to embrace a service model replete with wealth, tax and accounting expertise, advisors must be equipped to provide a holistic view of clients’ financial lives.”
Nepsis, founded by Mark Pearson in 1994, will invest heavily in both technology and people and has announced a new leadership team to drive growth in its Family Office Framework.
Overall responsibility for Nepsis Tax Solutions falls to Bryan Eberle as president.
“I’m energized by the opportunity to be part of such a client-focused and forward-looking team here at Nepsis,” Eberle said. “The acquisition of SBGB expands our capabilities, allowing us to enhance our service offerings to clients and to make more substantial investments in technology, marketing, and tools. Additionally, it enables us to unlock efficiency throughout the tax solutions division and the entire family office framework.”
The leadership team also includes Derrick J. Doerr, most recently senior manager, tax at Wipfli, who becomes vice president of tax and advanced markets with responsibility for training staff; Richard Moore, who has joined as vice president of accounting and advisory services; and Jordan Riley, who rounds out this group of leadership hires and has been appointed vice president of tax operations.
A Nationwide survey finds 47% of GLP-1 users have never discussed the drugs’ financial impact with an advisor, even as many dip into savings.
The hundreds of millions of dollars from a sale of Inspired Healthcare properties does not mean an immediate windfall for investors.
Its SEC filings said one thing - a congressional probe said another.
Sham agreements allegedly padded revenue by 345%.
"Most pre-retirees are uncomfortable making key retirement income decisions without an advisor's help," said Chris Bailey of Cerulli.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
