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.