Miracle Mile Advisors has added a Los Angeles-based Aequitas Wealth Management to its stable.

The deal adds $250m in assets to Miracle, boosting its total assets to around $2bn.

Miracle head of strategy Matt Granski said: “This partnership expands our market and brings a committed team of experienced professionals who are aligned with and support our strategic growth objectives.”

As part of the deal, Aequitas principals including Joseph Alexopoulos and Sarah Lewis will move to Miracle.

At Miracle, the principals will assume the role of managing directors.

Alexopoulos previously served as the vice president at Citigroup Private Bank in Geneva, Switzerland.

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By GlobalData

His 25-year-long financial career also includes a stint at Fidelity Investments.

Lewis has spent more than three decades in the financial services industry.

She formerly worked in senior roles at Manufacturers Hanover Trust Company (now JP Morgan Chase), Ernst & Young Consulting, as well as Crédit Agricole.

Miracle founder and managing partner Brock Moseley said: “Joe and Sarah work closely with their clients to deliver first-class consultation and personalised care.

“Their passion for what they do will make them invaluable additions to our diverse and talented team.”

Miracle serves HNWIs, families and business owners, as well as institutions including endowments foundations, and pension plans.