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January 7, 2020

EP Wealth Advisors takes over Guidant Wealth Advisors

EP Wealth Advisors, a California-based RIA, has extended its presence to the greater Chicago region by buying Guidant Wealth Advisors.

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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
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Illinois-based Guidant was established over 25 years back. The firm offers financial planning by assessing customer requirements using a five-step process.

As part of the deal, 10 Guidant employees including founder Frank Patzke will join EP Wealth.

“EP Wealth’s size and scale gives us the opportunity to provide the best-in-class offerings our clients need to succeed,” Patzke stated.

The deal, whose value was not revealed, brings over $261m of assets to EP Wealth.

EP Wealth president and CEO Patrick Goshtigian said: “EP Wealth is dedicated to partnering with firms that put their clients’ interests first.

“Frank built Guidant on that client-centric philosophy in tandem with a deep emphasis on integrity, objectivity and professionalism. These overarching principles align perfectly with our own.”

EP Wealth has operations in Torrance, which serves as its base, as well as San Francisco Bay area, West Los Angeles, Irvine, Seattle, Phoenix, and Denver.

At the end of September 2019, the wealth adviser’s assets under management totalled over $5.9bn.

Last year, the firm carried out several consolidation activities. It acquired Pathlight InvestorsConlon Dart Wealth Management , Personal Financial Consultants, and CPIC International in 2019.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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