EP Wealth Enters Michigan with Purchase of $1.6B Executive Wealth

EP Wealth Advisors announced that it has acquired Michigan-based Executive Wealth Management, adding $1.6M in client assets and establishing its first office in the state.

The partnership was finalized in December of last year and brings EP’s total AUM to $31B. The acquisition strengthens EP Wealth’s presence in the Midwest and further afield, with Executive Wealth operating out of four offices in Michigan in addition to locations in Florida and Colorado.

Founded in 1985 by Bert Herzog, Executive Wealth will add nearly 50 team members to EP Wealth, with current EWM partners becoming employee-owners of EP, along with a handful of additional EWM employees becoming EP employee-owners. With the acquisition, EP Wealth now employs more than 500 professionals, more than 150 of which are advisors.

EP Wealth, which is supported by Boston-based private equity firm Berkshire Partners, was assisted on the transaction by Wealth Partners Capital Group.