Ares Management Buys Minority Stake in $40B EP Wealth
Summary
Ares Management agreed to buy a significant minority stake in EP Wealth Advisors, a Torrance-based RIA with nearly $40 billion in assets under management. The deal will close next month, and management will keep control of the firm and its board. EP will continue its growth strategy while using part of the capital for shareholder liquidity and employee share repurchases. The firm already has backing from Berkshire Partners and Wealth Partners Capital Group, and this new investment adds another institutional partner to support expansion.
Classifications
industries
Fintech & Banking
applications
Data Management
AskAI Classifications
Labels
SaaS
Risk Analytics Software
Financial Data Platforms
Linked Companies
Moody's
$1B+