EP Wealth Advisors buys Parker Advisory Group of St. George

EP Wealth Advisors, a Torrance, California-based independent registered investment advisor, has acquired Parker Advisory Group LLC of St. George. Parker Advisory Group and its founder and principal, Chad Parker, will join EP Wealth, adding over $188 million to EP Wealth’s assets under management.

“Chad and Parker Advisory Group share EP Wealth’s commitment to providing a superior client experience while driving towards achieving established financial goals,” said EP Wealth’s CEO, Ryan Parker. “Parker Advisory Group’s influence and experience will add to EP Wealth’s growth in a region where we already have an outstanding presence and history of advising generations of clients throughout several stages of their lives — including all the ‘little things’ that come their way.”

Founded in 2010, Parker Advisory Group has provided financial planning and investment advisory services to clients primarily in the Utah and Nevada regions. EP Wealth Advisor’s comprehensive suite of services augments Parker Advisory Group’s existing offering with estate and trust planning, enhanced compliance and much more, the company said. Parker and Mandie Yates, a client relationship associate, will move into EP’s existing office in St. George as part of the partnership.

“Helping our clients navigate their financial journey and ensuring a strong sense of satisfaction is an ongoing process and one we take seriously,” said Chad Parker. “Our partnership with EP represents a new chapter for our clients and we are confident its robust suite of services will add to our ability to help achieve their financial goals.”

Financial and legal terms of the deal will not be disclosed.

EP Wealth Advisors is a fee-only registered investment advisor and financial planning firm with more than 30 offices in 12 states. The firm managed more than $21.4 billion in assets as of Dec. 31.