EP Wealth Advisors – a leading fee-only registered investment adviser (RIA) with an expanding national footprint and client base – announced it has acquired Atlanta-based CornerCap Investment Counsel. This partnership added nearly $1.1 billion to EP Wealth’s assets under management (AUM).
CornerCap delivers comprehensive wealth management services to clients throughout the Southeast, including strong investment research capabilities and dedicated client service. Headed by CEO Cannon Carr, the CornerCap team and clients can benefit from EP Wealth’s broad range of offerings and skilled professionals while bringing EP their proprietary Fundametrics research system and experienced talent.
In partnering with EP Wealth, Carr will assume the role of regional director, joined by Senior Vice President Richard Bean and Senior Wealth Advisor Tom Quinn. And Jeff Moeller joins as director of quantitative research and Catharine Sanders joins as director of segment marketing, along with 12 additional team members with expertise in advisory, investments, financial planning and client service.
This deal is the fourth for EP Wealth in 2024 and its 33rd since 2017. And Wealth Partners Capital Group (WPCG) assisted EP in the deal.
The financial and legal terms of the deal will not be disclosed.
KEY QUOTES:
“EP Wealth focuses on people when partnering with firms, and CornerCap is a talented group who will be a great addition to our team. Most importantly, they share our commitment to great client service. Their values align with ours, and the partnership establishes an important Southeast hub as we continue on our path to becoming a single, nationwide RIA with extensive offerings and resources that allow our advisors across the country to deliver a local, boutique experience for clients who rely on EP.”
-Ryan Parker, CEO of EP Wealth
“CornerCap has served the Southeast region for 35 years, continuously pursuing innovative solutions for our clients. As part of EP Wealth, we’ll have enhanced resources to continue doing so for a growing client base that values commitment and care.”
-Cannon Carr
“CornerCap’s research capabilities and commitment to a ‘client-first’ culture align with the values and goals of EP Wealth. This partnership marks a significant milestone in EP Wealth’s growth trajectory.”
-Nick Trepp, principal at WPCG
