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EP Wealth Advisors® Announces CEO Transition to Continue Superior Client Service, Nationwide Expansion and Organic GrowthEP Wealth Advisors, a leading independent registered investment adviser ("RIA") with an expanding national client base, has announced the transition of their CEO role from Patrick Goshtigian - who will become Executive Chairman - to current-President Ryan Parker. The transition, which will take place July 1, 2023, will continue EP's focus on providing superior client service through a growing roster of top advisors with best-in-class services and offerings. "EP has enjoyed tremendous growth and continues to deliver for our expanding client base, now with a national footprint," said Goshtigian. "I'm incredibly proud of the team we've built and the commitment we have to enriching lives. In my new role - working on a full-time basis as Executive Chair - I'll be in a position to focus on specific strategic initiatives and M&A, while providing a sounding board for Ryan." Parker, who joined EP Wealth in mid-2021 and became President in early 2022, has previous CEO experience in Financial Services and will build on his work leading the EP Advisor community - including Regional Directors - and EP's growing capabilities across Investments, Portfolio Strategy, Marketing, Wealth Advisory and Wealth Management Services. He joined EP Wealth with 25 years of industry experience, including serving as President and CEO of Wealth Management fo Citizens and CEO of Edelman Financial Services. Goshtigian has served as CEO since 2011 and has overseen explosive growth at EP, including AUM, geography, total team members and virtually every other metric. In his new role, he'll continue active participation across key leadership teams and be based in EP's Torrance, California headquarters. "Patrick, along with our Founders Derek Holman and Brian Parker, has set the bar incredibly high," said Parker. "I'm honored and humbled by the opportunity to continue their vision of a client-led, national firm with a boutique/local delivery model." Parker added: "We continue to add incredibly talented team members to support our national advisor base and leading that group as we grow and evolve will be my focus as CEO. Ensuring we are consistently ahead of the curve in our offering, service and commitment to clients is how EP grew to become one of the leaders in the RIA space. My intention is to continue on that path to ensure even more families across the country are secure in their financial future." About EP Wealth Advisors EP Wealth Advisors, LLC ("EP Wealth") is a fee-only registered investment adviser and financial planning firm with more than 30 offices in 11 states, including California, Washington, Arizona, Utah, Colorado, Texas, Illinois, Pennsylvania, Massachusetts, New Hampshire and Maine. The firm manages more than $18.7 billion in assets as of April 30, 2023. EP Wealth provides client-centric financial, tax and estate planning and investment management services to individuals and businesses. Headquartered in Torrance, California, EP Wealth is led by co-founders and Managing Directors Derek Holman, CFP®, AIF®, and Brian Parker, CFP®, along with CEO Patrick Goshtigian, CFA, and President Ryan Parker. It is backed by Berkshire Partners, a leading private investment firm in Boston. For more information, please visit www.epwealth.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230525005344/en/ |
