EP Wealth Advisors LLC, an independent RIA, has acquired Klein Financial Advisors Inc. The deal will expand EP Wealth’s presence across the Los Angeles area.
Klein Financial was founded by Lauren Klein in 2003 and is a boutique financial planning and wealth management firm with a focus on helping women during life transitions including divorce, tax planning and more. The deal will increase EP Wealth’s assets under management by over $118 million.
The deal represents the firm’s 22nd transaction in a five year period dating back to a minority investment from Wealth Partners Capital Group in 2017. EP Wealth has partnered with firms across California, Washington, Colorado, Arizona, Illinois, Texas and Utah.
“Klein Financial is a team dedicated to helping clients reach their full potential in life,” said Patrick Goshtigian, CFA, president and CEO of EP Wealth. “That is something we strive to do every day at EP Wealth. We are thrilled to partner with a firm whose philosophy mirrors ours and that will expand our financial planning services for life’s major transitions, particularly for women.”