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UHNW-Focused RIA IEQ Capital Buys $5.3 Billion Firm EPIQ

The Combined Firm Will Have $32 Billion In AUM When The Deal Completes Later This Year

Eric Harrison, Robert Skinner and Alan Zafran, Co-CEOs and Founders, IEQ Capital
Eric Harrison, Robert Skinner and Alan Zafran, Co-CEOs and Founders, IEQ Capital
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IEQ Capital announced the acquisition of fellow San Francisco Bay Area-based RIA EPIQ Capital Group, a multi-family office and investment firm founded in 2018, which had $5.3 billion in assets under management (AUM) as of July 31. Founded in 2019, IEQ had $26.5 billion in AUM as of June 30.

When the transaction completes later this year, the combined firm will have $32 billion in AUM with an expanded footprint in the San Francisco Bay Area; Los Angeles; Newport Beach, California; Dallas; Denver; St. Louis; Nashville, Tennessee; Boston; Atlanta; and Miami, according to IEQ.

The deal “represents a highly synergistic and complementary partnership between two RIAs who both specialize in providing highly customized wealth advisory, family office services, and select investment opportunities for ultra-high net worth families and individuals,” according to a press release.

IEQ Co-CEO and Founder Eric Harrison said, “EPIQ has built relationships and capabilities in core markets that we believe are additive to our platform and will further our ability to provide access to differentiated investment opportunities.”

He added, “They are our neighbor in the San Francisco Bay Area, and they have a reputation in the Silicon Valley and San Francisco markets for delivering comprehensive and personalized family office services to their clients nationwide. Moreover, we are excited to bring together two values-driven firms founded on the mission to strive for excellence through deep experience, continual innovation, and connection with our clients.”

Chad Boeding, CEO, EPIQ Capital Group
Chad Boeding, CEO, EPIQ Capital Group

When the deal completes, Chad Boeding, currently EPIQ CEO, will become a Managing Partner of the combined firm, alongside the three Co-CEOs and Founders of IEQ: Harrison, Robert Skinner and Alan Zafran.

“This was an opportunity to further the vision of creating a differentiated multi-family office,” according to Boeding. “This combination allows us to enhance the power of the network of our clients, as well as our goal of delivering the best investment access and service to our clients as fiduciaries.”

He continued, “EPIQ was founded with the goal to reimagine a new standard of excellence in the industry, shifting the paradigm on what it means to be a fiduciary and advocate for our clients, providing access to an extensive network of investments and partnerships.”

In July, IEQ announced an expansion into Nashville with the appointment of Managing Director Michael Thompson. The move “further broadens the firm’s national footprint and solidifies its presence in a key Southeastern market,” the firm said at the time.

Ardea Partners served as exclusive financial advisor to the transaction.

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

Jeff Berman

Jeff Berman

Jeff Berman brings over 30 years of experience to the Wealth Solutions Report team as a reporter and editor covering a wide range of beats, including the financial services business.

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