EP Wealth Makes Second Deal of 2025 with Colorado Acquisition
Torrance, Calif.-based EP Wealth Advisors’ first acquisition exterior its house state was in Colorado in 2015. Its second deal of 2025 brings it again to that state with the acquisition of Denver-based Holben Group.
Holben Group was based in 2006 and has grown to about $190 million in belongings underneath administration by way of monetary planning and funding for people and households, together with many first responders, in response to the agency.
Holben Group founder Jeffrey Holben and accomplice Clinton Demming will be a part of EP Wealth as vice presidents, advisors and companions, and workforce member Patricia Parker be a part of as a wealth advisor. The brand new workforce will work with EP Wealth Regional Director Jon Moore and Colorado’s bigger EP Wealth workforce.
EP Wealth has greater than 47 workplaces in 16 states and manages over $31 billion in belongings.
F.L.Putnam Provides $330M Agency in Virginia
F.L.Putnam Funding Administration introduced its first transfer of 2025 by buying a Reston, Va.-based registered funding advisor overseeing $330 million in AUM.
AOG Wealth Administration founder Frederick P. Baerenz and a nine-person workforce will be a part of F.L.Putnam with its apply serving high-net-worth people, corporations, pension plans, trusts, and donor-advised funds. The agency works with purchasers in Virginia, Washington D.C., and Maryland.
“Our mixture with AOG demonstrates our dedication to offering value-added providers to our present purchasers whereas enhancing our workforce with gifted advisors in new places the place our purchasers stay and work,” Tom Manning, CEO of F.L.Putnam, mentioned in an announcement.
By the deal, F.L.Putnam may also turn into the funding supervisor of Baerenz’s AOG Institutional Fund, which gives institutional buyers entry to various investments, together with actual property, non-public credit score and personal fairness.
Baerenz will likely be president of the fund, noting that the transfer to F.L. Putnam, whereas good for his workforce’s progress, may also allow him to concentrate on “constructing a world-class interval fund.”
The deal is Lynnfield, Mass.-based F.L.Putnam’s fifth acquisition prior to now 12 months, bringing its workplace presence to 10 nationally.
Cetera Brings on Advisor and Business Educator Tim Clairmont
Cetera Monetary Group introduced that advisor Tim Clairmont is becoming a member of the agency with $235 million in belongings underneath administration and his ClearFP Advisor Program, which gives academic assets and coaching to advisors.
Clairmont will maintain his agency identify, Clear Monetary Companions, which gives monetary planning and funding recommendation to corporations and people.
“I’ve been on the lookout for the appropriate dealer/supplier and RIA accomplice for a really very long time,” Clairmont mentioned in an announcement. “While you work with a dealer/supplier and an RIA accomplice, it is advisable to have a agency that has the assets to be vital whereas nonetheless having the forward-thinking mentality to adapt and fly on this quickly altering panorama.”
Clairmont based Clear Monetary Companions in 1997 and launched the advisor program in 2017 to coach, assess, seek the advice of and supply apply improvement instruments and techniques.
Ameriprise Snags Former LPL Store in Tennessee
RIA Highland Wealth Administration, with workplaces in Tennessee, is taking its $210 million in shopper belongings from LPL Monetary to Minneapolis-based Ameriprise Monetary.
After an “in depth search” for a brand new dealer/supplier, Highland Wealth lead Lee Hooks mentioned the agency selected Ameriprise for shopper satisfaction, know-how and independence backed by Ameriprise’s model and platform.
“Now we have large objectives for progress and imagine Ameriprise will assist us get there,” Hooks mentioned in an announcement.
His workforce contains monetary advisors Adam Kock, Clyde Allen III, Kathryn Haislip Lintz, Mike Wickberg and Whitney Shimatsu. They are going to work with Ameriprise Franchise Discipline Vice President George Varones and Ameriprise Regional Vice President Trish Moll.
LPL Welcomes Shorepoint Wealth Administration
LPL Monetary has employed one other advisor, former Wells Fargo advisor Justin Lotano, who had been overseeing about $250 million in shopper belongings.
Lotano, based mostly in Colts Neck, N.J., will be a part of LPL’s dealer/supplier, RIA and custodial platforms. He will likely be joined by monetary advisor Joe Burgard, registered consultant Kevyn Marteniz and two workers members.
“We’re a younger workforce, with a mean age of about 30, however we’ve got an important stage of expertise guiding people right into a extra profitable retirement,” Lotano mentioned in an announcement, noting they specialise in helping purchasers by way of divorce and different life transitions.
