EP Wealth Advisors has acquired Vantage Advisors, a St. George, Utah-based firm with $349 million in assets under management, according to a news release.
The financial and legal terms of the deal, which closed on April 29, were not disclosed.
The acquisition of the St. George firm expands EP Wealth’s existing footprint in Utah. The firm now has three locations there, which also include its Salt Lake City and Logan offices.
Vantage Advisors specializes in holistic financial planning and tax preparation for successful entrepreneurs, executives and professionals, the release noted. CEO and founding member Gregory Kemp will assume the role of consultant at EP Wealth, and president and wealth manager Neal Marchant will become senior vice president. They will be joined by four staff members.
“At Vantage Advisors, our main priority is working with and delivering results for our clients,” Kemp said in a statement. “Aligning with EP Wealth allows us to gain access to expanded services and resources that will help us reach new heights.”
Patrick Goshtigian, CEO of EP Wealth, said Vantage Advisors’ client-centric approach emulates EP Wealth’s core values. “Their expertise in holistic tax and financial planning complements our work with clients. We are excited to partner with them as we expand our presence to southern Utah.”
Vantage Advisors is the 24th for the Torrance, Calif.-based EP Wealth since taking a minority investment from Wealth Partners Capital Group in July 2017. EP Wealth has partnered with firms in California, Washington, Colorado, Arizona, Illinois, Texas and Utah. As of December 31, it had $15.1 billion in AUM.