Torrance, California-based RIA EP Wealth Advisors has expanded its reach in its home market with the purchase of Harris Financial Advisors.

The deal, whose financial details were not shared, adds over $490m in assets to EP Wealth.

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It will also increase the firm’s client base by more than 390.

The takeover of Torrance-based Harris Financial, which offers investment management and financial planning services, is the 13th deal for EP Wealth.

Commenting on the deal, EP Wealth president and CEO Patrick Goshtigian said: “For nearly three decades, Harris Financial has been a trusted wealth management firm in the Torrance region, and with an unwavering dedication to clients, they are a welcome addition to our team.

“The partnership enables us to increase our presence in the South Bay, Torrance and the Palos Verdes Peninsula, and we will continue to build on the trust and recognition we’ve established there.”

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As part of the deal, Harris Financial founder Mary Harris will join EP Wealth and become senior wealth adviser.

EP Wealth will also absorb rest of Harris Financial’s employees.

Harris noted: “EP Wealth’s wide-ranging resources and comprehensive expertise in investment and financial management will add value, supporting us as we work toward achieving our clients’ financial goals.”

The latest deal is the latest addition to EP Wealth’s consolidation activities.

This February, EP Wealth added a Texas presence by acquiring International Research & Asset Management. The transaction brought over $394m in assets to EP Wealth.

Earlier this year, EP Wealth extended its presence to the greater Chicago region through the purchase of Guidant Wealth Advisors.

In 2019, EP Wealth snapped up Pathlight Investors, Conlon Dart Wealth Management, Personal Financial Consultants, and CPIC International.