EP Wealth Advisors LLC, an independent registered investment advisor that specializes in client-centric financial planning and investment management services based in Torrance, California, has acquired Salt Lake City’s The Insight Group Inc. and Financial Insight Center LLC.
Insight, which maintains a second office in Logan, provides wealth management services for individuals and families and seeks to facilitate a highly customized experience for its clients. The firms, which share a management team, focus on distinctive client bases, with The Insight Group catering to high-net-worth individuals and Financial Insight Center providing personalized investment advice for a wider range of clients. Insight’s leadership team and staff will assume roles at EP Wealth following the acquisition. Founding owners Mark Matley and Paul Salisbury will take on regional director positions, as well as become partners at EP Wealth. Chuck Cutler and Brady Jardine will become senior vice presidents and partners.
“We are proud of the great success our firm has enjoyed throughout its history,” said Matley. “As we continued to grow, we saw an opportunity to partner with the EP Wealth team and take advantage of their scale, back office and compliance support, as well as the depth and breadth of their team.”
“Our partnership with EP marks a significant new chapter for our clients,” said Salisbury. “We are excited to enhance our offerings and breadth of available solutions through EP, allowing us to provide even more specialized support moving ahead.”
“Insight has achieved remarkable success within the industry and on behalf of its clients, due in large part to its highly specialized team and loyal client base,” said Patrick Goshtigian, president and CEO of EP Wealth. “We quickly recognized a shared client-first philosophy and a mutual commitment to providing quality solutions and resources. Their expertise and customized approach complement our work with clients, and we are excited to add them to our team.”
The acquisition closed Sept. 30, and will increase EP Wealth’s assets under management by more than $1 billion. Financial and legal terms of the deal will not be disclosed.