EP Wealth Acquires $1.6B Michigan Firm

EP Wealth Advisors, a Torrance, Calif.-based registered investment advisor, has acquired Executive Wealth Management, a Michigan-based RIA with about $1.6 billion in assets under management. The deal, which was finalized in December, represents EP’s seventh integration in the past year, bringing its total AUM to over $31 billion.

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EWM marks EP’s largest Midwest acquisition to date, establishing four offices in Michigan, including Brighton, Northville, Jackson and Ludington, as well as locations in Florida and Colorado.

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The RIA was founded in 1985 by Bert Herzog and provides financial, tax, investment and legal advice. The deal adds nearly 50 team members to EP Wealth, bringing its employee base to more than 500, over 150 of which are advisors. EWM partners will join as owners of EP Wealth, including Albert Herzog III, Michael Chechel, Gregory Barber, Adam Kulesza, Michael Lay, Albert Herzog IV, Robert Larsen, Zachary Messina and Jimmie Plaskey. Todd Perry, Shawn Lawson, Nathan Larsen and John Barbrick will also become owners as a result of the acquisition.

Terms of the deal were not disclosed. EP used Wealth Partners Capital Group to assist in the transaction.

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EP Wealth is headquartered in Torrance, Calif., and has more than 45 offices throughout 15 states. It provides financial, tax and estate planning and investment management for individuals and businesses. 

In 2020, it sold a minority stake to Berkshire Partners, a Boston-based private investment firm.