EP Wealth Acquires Homewood

INVESTMENT MANAGEMENT DEALS BLOG

October 22, 2021

On August 31, 2021, EP Wealth Advisors, LLC announced that it acquired Homewood Capital Management, Inc.

Under the terms of the transaction, EP Wealth Advisors, LLC (“EP Wealth”) acquired Homewood Capital Management, Inc. (“Homewood”).  Homewood’s founder, William Wee, joined EP Wealth as Senior Wealth Advisor. Homewood’s financial planning associate, Andrea Grumley, and administrative assistant, Noel Cheney, also joined EP Wealth as Client Relationship Associates. The transaction closed on August 27, 2021, increasing EP Wealth’s assets under management by approximately $120 million. Further terms of the deal were not disclosed.

EP Wealth, based in Torrance, California, is a fee-only registered investment adviser and financial planning firm, providing financial planning and investment management services to individuals and businesses. As of August 31, 2021, EP Wealth had approximately $13.6 billion in assets under management.

Homewood, based in Danville, California, provides customized and comprehensive financial planning services to high-net-worth individuals and families.

To read the press release: please click here.