EP Wealth Expands Dallas Footprint By Acquiring Sloan Investment Management

The Deal Represents The Third Purchase By EP Wealth Advisors This Year.
Ryan Parker, CEO, EP Wealth, and Frank Sloan, who is assuming the role of Regional Director, Partner, EP Wealth
Ryan Parker, CEO, EP Wealth, and Frank Sloan, who is assuming the role of Regional Director, Partner, EP Wealth

EP Wealth Advisors acquired Sloan Investment Management, a Dallas, Texas-based advisory firm that has been managing about $700 million in assets for its clients.

The addition expands RIA EP Wealth’s footprint in the Dallas market and boosts its total assets under management (AUM) in the Dallas market to over $1 billion and its AUM across the U.S. to $25.2 billion, EP Wealth said Monday.

EP Wealth has over 35 offices in 12 U.S. states. The firm managed more than $23.6 billion in assets as of April 30, it said.

Financial and legal terms of the Sloan deal were not disclosed.

The Sloan acquisition is the third for EP Wealth announced so far in 2024 and its 32nd since taking a minority investment from Wealth Partners Capital Group (WPCG) in July 2017.

In April EP Wealth acquired San Luis Obispo, California-based Wacker Wealth Partners, which had nearly $1.2 billion in AUM, and in February it acquired St. George, Utah-based Parker Advisory Group, which had over $188 million in AUM.

Casey Conway and James Henry, Partners and Senior Vice Presidents, and Shannen Smith, Vice President, EP Wealth Advisors
Casey Conway and James Henry, Partners and Senior Vice Presidents, and Shannen Smith, Vice President, EP Wealth Advisors

Sloan has been led by Frank Sloan, its Managing Partner, who will assume the role of Regional Director, Partner at EP Wealth. He will be joined by Casey Conway and James Henry as Partners and Senior Vice Presidents, Shannen Smith as Vice President, and the support staff of the Sloan team, according to EP Wealth.

Sloan Investment Management “prioritizes a client-first service model and boasts a deep understanding of local market dynamics, making it a trusted RIA within the Dallas market,” EP Wealth said.

“EP Wealth partners with firms that share our commitment to delivering an excellent experience to clients, fostering an environment for our employees to build a career and embracing an entrepreneurial spirit that never rests on our laurels,” according to Ryan Parker, EP Wealth CEO.

“As we have gotten to know Frank and his team, we are confident that they embody these elements of our culture and are excited to welcome them to our growing, nationwide firm,” Parker said.

The decision to partner with EP Wealth “gives us access to significant additional resources to evolve the way we serve our clients, providing both a more robust client experience and growth opportunities,” according to Frank Sloan.

“We remain dedicated to delivering personalized, high-quality financial advice, which closely aligns our goals with EP’s,” Sloan said. “We are confident that this partnership will enable us to serve our clients in more innovative ways.”

The deal with Sloan demonstrates EP Wealth’s “commitment to strategic M&A growth paired with strong organic results, all while remaining focused on delivering exceptional client service,” EP Wealth said.

Jeff Berman, Contributing Editor & Reporter at Wealth Solutions Report, can be reached at jberman@wealthsolutionsreport.com.

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