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Direct Investment  + Financial Advisory  + M&As  + Wealth Management  |  January 9, 2025
EP Wealth Boosts AUM to $31B with Michigan RIA Acquisition
By: Joe Palmisano

EP Wealth Boosts AUM to $31B with Michigan RIA Acquisition

EP Wealth Advisors has acquired Executive Wealth Management, LLC. (EWM), establishing the registered investment advisor’s first offices in Michigan and strengthening its presence in the Midwest.

The deal adds approximately $1.6 billion in assets and brings EP Wealth’s total assets under management to more than $31 billion. Financial terms of the transaction, which closed in December and was the 7th in 2024 for the Torrance, CA-based firm, were not disclosed.

EWM has Michigan offices in Brighton, Northville, Jackson and Ludington, as well as in Florida and Colorado. Founded in 1985 by Bert Herzog, the firm offers financial, tax, investment and legal services.

“Joining EP Wealth is an exciting milestone that strengthens the legacy of Executive Wealth Management and enables us to continue serving our clients with excellence while gaining access to additional resources that enhance our capabilities,” said Herzog.

The partnership adds nearly 50 current EWM team members to EP Wealth, bringing the firm’s employee base to more than 500, of which over 150 are advisors.

Growth and M&A partner Wealth Partners Capital Group assisted EP Wealth in the transaction.

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EP Wealth AdvisorsExecutive Wealth Management, LLC

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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