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Southern California’s EP Wealth gets Coulston Financial of Marin County

Byadmin2

May 5, 2022
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A Southern California-based monetary business has obtained Coulston Financial Solutions of Mill Valley.

The offer raises Torrance-based EP Wealth’s handled properties by $80 million, the company revealed April 26. Cliff Coulston, the 80-year-old monetary coordinator who began Coulston Financial in 1997, will manage the combination of the 2 companies.

He will presume a function with EP Wealth as senior wealth advisor to help moving his 45 customers, a few of which are within his own household. Coulston staffer Missy Westbrook will likewise remain on board as an administrative assistant, according to business authorities.

” I’m thrilled. My customers will continue to get the sort of service I have actually offered, however (EP Wealth’s) services exceed monetary preparation,” Coulston stated, indicating tax guidance and estate preparation services. “When I gotten in touch with EP Wealth, I was extremely lucky.”

The deal closed on April 22. Both companies decreased to supply the prices.

EP Wealth CEO Patrick Goshtigian applauded Coulston Financial Solutions for “its commitment to customer service” as “worths (that) are core to EP Wealth.”

Established in 2004, EP Wealth’s acquisition of Coulston Financial is its 23rd in the last 5 years. The $15 billion business has 260 workers in 16 workplaces, consisting of Los Angeles, Orange County, San Diego, Portland, Phoenix, Denver, Salt Lake City, St. George, Dallas and Chicago.

EP Wealth accredited monetary coordinator Stephanie Richman stated there’s a growing pattern in the market with long time monetary organizers in little companies retiring.

This is even more factor that, in today’s topsy-turvy economy marked by continuous concerns consisting of an extended pandemic, inflation issues reducing individuals’s purchasing power and other stress factors, monetary consultants address the range of issues the general public faces, Richman explained.

” As a market, it is essential we understand our (company). A number of our customers have actually been with us for a very long time and are accustomed to weathering the ups and downs of this sort of environment with volatility in the market,” she stated.

Susan Wood covers law, marijuana, production, tech, energy, transport, farming along with banking and financing. For 27 years, Susan has actually worked for a range of publications consisting of the North County Times, Tahoe Daily Tribune and Lake Tahoe News. Reach her at 530-545-8662 or susan.wood@busjrnl.com.

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