EP Wealth Advisors LLC of Torrance, Calif., has acquired Personal Financial Consultants, an independent fee-only financial planning and investment management firm based in Lafayette, Calif., that manages $200 million in client assets, according to a news release.

The acquisition expands EP Wealth's Lafayette, Calif., office and bolsters the firm's presence in the San Francisco Bay area.

Founded in 1985 by Loren Kayfetz, Personal Financial specializes in designing financial plans for individuals and families. Under the deal, Kayfetz and his partner, Jonathan Spector, will each assume the roll of vice president and wealth advisor at EP Wealth, and all other employees of Personal Financial will also join EP Wealth.

This is EP Wealth's third acquisition of 2019. Earlier this year, EP Wealth acquired Conlon Dart Wealth Management in Seattle and Pathlight Investors in Phoenix.

In 2018, EP Wealth acquired Rampart Wealth Advisors of Greenwood Village, Colo., Donnelly Wealth Advisors of San Diego, Caves & Associates, Inc. of Manhattan Beach, Calif., and Millie Capital Management of Walnut Creek, Calif.

"EP Wealth remains focused on partnering with firms that share our philosophy and business approach," said Patrick Goshtigian, CFA, president and CEO of EP Wealth. "Loren built Personal Financial on the belief that financial advice should be customized to effectively meet the needs and goals of each client, which is the same holistic planning approach that drives our team's work."

Financial and legal terms of the deal were not disclosed.

EP Wealth Advisors LLC is a fee-only registered investment advisor (RIA) and financial planning firm with additional offices in the San Francisco Bay area, San Diego, West Los Angeles and Irvine, Calif., Seattle and Denver. As of June 30, 2019, the firm reportedly managed more than $5.29 billion in AUM.