EP Wealth Buys $1.1B RIA in Atlanta

EP Wealth Advisors has acquired CornerCap Investment Counsel, an Atlanta-based wealth management firm with $1.1 billion in client assets.

The newly acquired RIA delivers wealth management services to clients throughout the Southeast U.S. and is led by CEO Cannon Carr.

“CornerCap has served the Southeast region for 35 years, continuously pursuing innovative solutions for our clients,” Carr said in a statement. “As part of EP Wealth, we’ll have enhanced resources to continue doing so for a growing client base that values commitment and care.”

EP Wealth CEO Ryan Parker cited CornerCap’s commitment to client service and an alignment of core business values as key drivers of the acquisition.

“EP Wealth focuses on people when partnering with firms, and CornerCap is a talented group who will be a great addition to our team,” Parker said. “Their values align with ours, and the partnership establishes an important Southeast hub as we continue on our path to becoming a single, nationwide RIA with extensive offerings and resources.”