Based in Torrance, California, EP Wealth Advisors has made a handful of acquisitions since 2015. As a result, the growing firm counts eight more offices in the state - Lafayette, West Lafayette, Irvine, Los Angeles, San Diego, San Mateo, South Bay, Valencia - along with branches in Denver, Colorado; Chicago, Illinois; Dallas, Texas; Salt Lake City, Utah; Logan, Utah; Chandler, Arizona; Phoenix, Arizona; and Seattle, Washington. It also holds a spot on SmartAsset's lists of the top financial advisors in Torrance and top financial advisors in California.
The team of advisors at the fee-only firm manages billions in client assets on a mostly discretionary basis. As a fee-only operation, the firm does not receive third-party compensation from things like insurance sales.
EP Wealth Advisors Background
EP Wealth Advisors is the result of two firms merging in 2004 - Enright Financial Consultants, Inc. and Premier Financial Management, LLC - which explains the letters in its name. Today, EPWA Inc. and Project EPIC Acquisitions own the firm indirectly, and several other employees own small stakes.
The staff of advisors here includes certified financial planners (CFPs), chartered financial analysts (CFAs), chartered financial consultants (ChFCs), accredited investment fiduciaries (AIFs), enrolled agents (EAs) and more.
EP Wealth Advisors Client Types and Minimum Account Sizes
EP Wealth works with individuals, pension and profit-sharing plans, trusts, estates, charitable organizations and businesses. Of its clients who are individuals, roughly 40% have a high net worth.
The firm generally requires a minimum $500,000 investment, though it may waive the minimum at its discretion. It may also count family accounts together to reach the minimum.
Services Offered by EP Wealth Advisors
EP Wealth primarily offers investment management services, which can include recommending a third-party investment advisor, managing retirement plan rollovers and overseeing 529 plans. Along with these services, the firm includes some financial planning and consulting services addressing such areas as cash flow, wealth management/transfer strategies, estate planning, risk assessment, executive benefits and business succession/planning, children's education, 1031 tax exchanges, real estate/mortgages and retirement planning, family planning, insurance and tax planning. The firm also offers financial planning and consulting to people who are not investment clients.
Additionally, at its discretion, the firm may provide tax preparation and filing services. It also offers fiduciary and non-fiduciary services to retirement plans.
EP Wealth Advisors Investing Philosophy
EP Wealth generally invests in no-load mutual funds and equities. It may also recommend exchange-traded funds, corporate debt securities, commercial paper, certificates of deposit, municipal securities and U.S. Government securities. If suitable for a client's portfolio and if the client meets the minimum requirements for investing, the firm may also recommend private funds, hedge funds and other alternative investments.
When reviewing investments, EP Wealth may apply charting and technical analysis, fundamental analysis and cyclical analysis. As investing strategies, it may use long-term purchases, short-term purchases, margin transactions and options trading/writing.
Fees Under EP Wealth Advisors
Like most firms, EP Wealth collects management fees based on a percentage of the client’s assets under management (AUM). Though fees depend on a number of factors, they generally follow the tiered fee schedules below. Here are the fees for discretionary accounts, which are those where clients give advisors the right to make investment decisions on their own:
|Discretionary Account Fee Schedule|
Non-discretionary accounts, on the other hand, are accounts where the client needs to give their approval before an advisor can make an investment decision. Here are the fees for these accounts:
|Non-Discretionary Account Fee Schedule|
Below, you'll find what you can expect to pay in fees for both discretionary and non-discretionary accounts based on how much money you have invested:
|*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.|
|Estimated Investment Management Fees at EP Wealth Advisors*|
|Your Assets||Discretionary Annual Fee Amount||Non-Discretionary Annual Fee Amount|
EP Wealth Advisors Awards and Recognition
In 2019, Barron's named EP Wealth Advisors to its list of the Top 50 RIAs in the U.S. Inc. 5000 also listed the firm on its rankings of America's Fastest Growing Private Companies for 2019.
What to Watch Out For
As of its latest filings with the Securities and Exchange Commission, EP Wealth has no legal or disciplinary actions to disclose.
Opening an Account With EP Wealth Advisors
To contact EP Wealth, fill out the contact form on its website. Alternately, you can call the office closest to you by looking up the firm's phone numbers online.
All information is accurate as of the writing of this article.
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