EP Wealth Provides $660M Bay Space RIA
Torrance, Calif.-based EP Wealth Advisors has added a $660 million registered funding advisor in its dwelling state with the acquisition of Peninsula Wealth.
Peninsula Wealth has been within the Bay Space for 15 years, specializing in serving people and households in biotech and know-how. CEO Rahul Shah mentioned becoming a member of EP Wealth will assist its six-member staff present extra companies.
That is EP Wealth’s third acquisition of the yr, including to its workplaces in Berkeley and Walnut Creek. The agency manages greater than $31 billion in consumer belongings throughout 48 workplaces.
Waverly Advisors Acquires NBW Capital
Waverly Advisors, a Birmingham, Ala.-based RIA working with people, companies and establishments, has acquired Boston-based NBW Capital.
NBW will convey over about $500 million in AUM and bolster Waverly’s fairness technique and administration, based on the announcement. The acquired RIA was based in 1991 by Chris Blakely, who will now be companion, regional director of Boston and portfolio supervisor at Waverly.
The deal is Waverly’s twenty fourth since a 2021 funding from Wealth Companions Capital Group and HGGC’s Aspire Holdings platform.
Rick Adler of Pink Arrow Capital was NBW’s advisor on the deal.
Mission Wealth Buys Brown Wealth Administration
Mission Wealth Administration, an RIA based mostly in Santa Barbara, Calif., introduced its second deal of the yr with Brown Wealth Administration, an RIA in Eden Prairie, Minn.
Brown is led by founder Timothy Brown, who will be part of Mission Wealth as its 52nd fairness companion. Advisor Polly Hamm and wealth advisor affiliate Emma Walley, each of whom may even be making the transfer, are different members of his agency, which oversees $204 million in consumer belongings.
Mission Wealth has greater than $10.7 billion in AUM.
Cary Road Companions Expands with Keene & Dorchak
Cary Road Companions, an RIA based mostly in Richmond, Va., has acquired Keene & Dorchak, a agency with greater than $200 million in belongings, based on its most up-to-date Kind ADV, based mostly in Fort Value, Texas.
Keene & Dorchak, which John Keene based, has taken the Cary Road model efficient instantly, establishing the agency’s first Fort Value location. This provides to Cary Road’s total presence within the state, with sister workplaces in Austin and San Antonio.
In accordance with its most up-to-date Kind ADV, Cary Road had about $8.26 billion in consumer belongings.
$400M Advisor Shifts to Socium Advisors
Socium Advisors, a non-public consumer group of Northwestern Mutual with $2.2 billion in AUM, has added John Calvert as a companion and wealth administration advisor.
St. Louis-based Socium Advisors introduced that Calvert might be based mostly within the Los Angeles workplace. He’ll oversee about $400 million in AUM and convey his specializations in property and legacy planning and growing exit methods for enterprise homeowners.
Calvert had been at Milwaukee-based Northwestern Mutual shortly after graduating from Boston Faculty for a profession of over 30 years.
