Following the passing of its founder earlier this year, Wacker Wealth Partners, a San Luis Obispo-based financial company overseeing nearly $1.2 billion in local assets, has been acquired by EP Wealth Advisors, a national wealth management firm. This acquisition marks EP Wealth’s second in 2024 and its 31st since 2017.
Before the acquisition, EP Wealth managed assets exceeding $22.3 billion, offering comprehensive financial, tax, and estate planning services, as well as investment management for individuals and businesses.
Ryan Parker, CEO of EP Wealth Advisors, emphasized the alignment of values between the two firms, citing Wacker’s dedication to client service as a distinguishing factor. Ryan Caldwell, CEO of Wacker Wealth Partners, expressed confidence in the merger, stating that it was motivated by the desire to enhance services for clients and provide growth opportunities for employees.
The decision to join EP Wealth stemmed from a strategic planning meeting held by Wacker Wealth Partners shareholders and management a year prior. Caldwell highlighted the cultural and strategic fit between the two companies, describing the union as a natural progression that aligns with their shared vision for client care and service excellence.
While the transition brings added capabilities to Wacker Wealth Partners, including access to CPAs and attorneys, Caldwell acknowledged the emotional challenge of parting with the Wacker name following the recent passing of the company’s founder, Bob Wacker. Despite this, Caldwell emphasized Wacker’s integral role in the decision-making process and his belief in the benefits of merging with EP Wealth.
Reflecting on Wacker’s legacy, Caldwell underscored the enduring impact of his commitment to serving others with genuine care. The team continues to honor Wacker’s values and vision, ensuring his legacy lives on through their work.
A celebration of Bob Wacker’s life is scheduled for April 24 at La Lomita Ranch in San Luis Obispo, offering an opportunity for friends, colleagues, and the public to commemorate his contributions and legacy.
Throughout the transition, Wacker Wealth Partners remains committed to delivering exceptional service to its clients while embracing the growth opportunities presented by its integration with EP Wealth. The acquisition strengthens the firm’s ability to provide comprehensive financial solutions and underscores its dedication to upholding the values and legacy established by its founder.