Miracle Mile Advisors, an independent investment advisory firm in Los Angeles, has acquired Aequitas Wealth Management, increasing its portfolio by $250 million to nearly $2 billion, according to a news release.

Los Angeles-based Aequitas was founded by Joseph Alexopoulos and Sarah Lewis, who will join Miracle Mile Advisors as managing directors.

Alexopoulos said he and Lewis were searching for a partner that shares their investment philosophy and focus on customer care, as well as one that brings the best practices in technology infrastructure and back-office support. “Miracle Mile, like Aequitas, makes an enormous commitment to going the extra mile for its clients, and its culture focuses on serving clients across teams, not silos, which is how we have always operated as well,” he said in a prepared statement.

Alexopoulos has more than 25 years of experience in wealth management. Prior to founding Aequitas, he was a vice president at Citigroup Private Bank in Geneva, Switzerland. He previously worked at Fidelity Investments.

Lewis has more than 30 years of financial services experience. Before founding Aequitas, she held senior positions at Manufacturers Hanover Trust Company (now JP Morgan Chase), Ernst & Young Consulting, and Crédit Agricole SA. She has held senior positions in New York, Paris, Amsterdam, and Oslo.

“This partnership expands our market and brings a committed team of experienced professionals who are aligned with and support our strategic growth objectives,” Matt Granski, head of strategy at Miracle Mile Advisors, said.

Miracle Mile Advisors, which also has a location in Newport Beach, Calif., was named among Financial Advisor's top 10 fastest-growing firms in 2019.