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EP Wealth Advisors acquires Millie Capital Management – InvestmentNews

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EP Wealth Adviso rs, a registered investment advisor based in Torrance, Calif., managing $3.29 billion in assets, has acquired Millie Capital Management of Reno, Nev., and Walnut Creek, Calif.

Terms of the acquisition were not disclosed.

Millie Capital, which manages about $240 million in assets, was founded by Ross Millie in 1991. He will become a senior wealth advisor at EP Wealth.

The transaction marks EP Wealth’s first acquisition since it took minority investment from Wealth Partners Capital Group, a financial services holding firm, in July 2017.