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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
Joe Palmisano
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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Inside The Story

EP Wealth AdvisorsExecutive Wealth Management, LLC

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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