EP Wealth Buys $218M RIA in Arizona
EP Wealth Advisors has picked up an Arizona-based registered investment advisor firm that oversees $218 million in assets under management.
EP Wealth’s latest addition is Phoenix-based Clearview Wealth Advisors, founded in 2019 by father-and-son duo advisors Michael and Corbin Coursey, and includes senior client service associate Dawn Thomas.
The team offers financial planning, investment management, and tax planning to high-net-worth clients across the Pacific Northwest and the Phoenix metropolitan area.
Through the acquisition, Clearview Wealth Advisors will work with EP Wealth’s Phoenix region under regional directors M.J. Nodilo and Adrian Larson and will provide expanded support to EP Wealth’s teams in Salem, Oregon, and Peoria, Arizona.
Following the acquisition, the Courseys relocated to Phoenix from Salem, Oregon, where the advisors initially launched Clearview, EP Wealth said.
“Clearview has built strong, planning-led relationships we want every EP client to experience,” Ryan Parker, CEO of EP Wealth, said. “Bringing their team into our Phoenix region allows us to surround their clients with deeper resources while keeping advice personal, local and aligned with the values that matter most to the families they serve.”
Clearview Wealth Advisors marks EP Wealth’s ninth deal for the year, boosting its expansion to 61 offices across 22 states.
Recently, asset manager Ares Management purchased a minority stake in EP Wealth, joining the RIA’s existing minority equity partner Berkshire Partners.
The undisclosed investment will go towards boosting EP Wealth’s growth capital and support, as well as providing the firm with the resources to bolster its M&A activity, talent acquisition, technology, “client-facing” offerings, and services.
In September, EP Wealth added Santa Fe, NM-based Better Money Decisions, which oversees about $370 million in assets under management.
Torrance, CA-based EP Wealth Advisors, oversaw a total of roughly $35 billion in assets under management for 49,167 accounts, according to its latest Form ADV, updated in May.
