EP Wealth Advisors, an acquisitive Torrance, Calif.-based registered investment advisor, has pulled in its seventh acquisition of 2025 with a Chicago-based RIA co-led by a woman and with a majority-women advisory team.
Rappaport Reiches Capital Management was founded in 2005 by Shari Greco Reiches and David Rappaport with a focus on financial planning for clients in the Chicago area. Both founders will become partners and regional directors at EP Wealth, overseeing the other 13 staff members that will join EP Wealth and take on its brand name. Financial advisors Stephen Reiches, Shari’s husband, Kristyn Gibson and Liz Xilas will also become partners, and Karen Asbra, who is focused on operations, will keep an executive director role.
A majority of Rappaport Reiches Capital’s advisors are women, and Shair Reiches will assume a leadership role in EP Wealth’s Investing in Women initiative, which seeks to engage both female advisors and clients on financial issues and planning.
“We’re incredibly proud of the firm we’ve built over the past two decades,” Reiches said in a statement. “We have always had a focus on empowering and educating women about money, and with EP, we will have an even larger impact.”
The acquisition boosts EP Wealth’s assets under management by $1.2 billion to more than $36.4 billion across 54 offices and 19 states. EP Wealth received a minority investment from Berkshire Partners in 2020 to help fuel its acquisitions, but is currently seeking a new minority investment partner.
According to a recent deals report by Echelon Partners, EP Wealth is among the top five most active acquirers in 2025 by volume. It was outpaced by Merit Financial Advisors, which has done 11 deals, and Wealth Enhancement Group and Carson Group, which have made eight acquisitions.
Republic Capital Group advised Rappaport Reiches Capital on the deal, and Kyle Miller, EP Wealth’s managing director of mergers and acquisitions, facilitated it for the aggregator.
Last December, EP Wealth closed its largest acquisition since its founding in 1999 with a $1.6 billion Michigan-based RIA, Executive Wealth Management.
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