US-based Registered Investment Advisor (RIA) EP Wealth Advisors has acquired Coulston Financial Service to expand its growing presence in the California Bay Area.

The deal, which closed on April 22, 2022, increases EP Wealth’s assets under management (AuM) by $75 million.

Financial terms of the transaction were not disclosed.

Coulston Financial Services provides investment management services for high net worth (HNW) clients.

As part of the deal, Coulston founder Cliff Coulston will join EP Wealth as senior wealth advisor while Missy Westbrook will take on the role of consultant.

Patrick Goshtigian, CEO of EP Wealth, said, “The Coulston Financial Services team is renowned for its dedication to client service and fostering a strong client experience, providing clients with investment strategies thoughtful ideas that match their financial goals.

“These values ​​are also at the heart of EP Wealth, and we are delighted to bring Cliff and Missy into our extended team.”

The deal marks EP Wealth’s 23rd transaction in the past five years.

The company, which secured a minority investment from Wealth Partners Capital Group in July 2017, has expanded its presence in California, Washington, Colorado, Arizona, Illinois, Texas and Utah through acquisitions.

Recently, the company purchased Klein Financial Advisors to further strengthen its Southern California presence in the Newport Beach area.

In January, the company acquired Berkeley-based Mindful Money, further expanding its reach in the San Francisco Bay Area.

EP Wealth said it intends to expand its client services, talent and expertise through additional acquisitions throughout 2022 and beyond.

Related companies