EP Wealth Advisors has announced a strategic partnership with Chicago-based Rappaport Reiches Capital Management, a wealth management firm founded in 2005 by Shari Greco Reiches and David Rappaport.
The transaction is expected to bring over $1.2 billion in assets under management to EP Wealth’s existing Chicago operations while strengthening its position in the Midwest region. The exact structure and financial terms of the transaction were not disclosed.
Reiches and Rappaport will become partners at EP Wealth, according to the announcement, assuming the role of regional director. RRCM advisors Stephen Reiches, Kristyn Gibson and Liz Xilas will also become partners of EP Wealth, while Karen Asbra will assume an executive director role. In total, 15 RRCM team members are joining the EP Wealth family.
Ryan Parker, CEO of EP Wealth, cited RRCM’s balance of “entrepreneurial drive, attention to detail and genuine energy” as key drivers of the transaction. He noted that a majority of the firm’s advisors are women, calling this “a distinction that aligns with EP Wealth’s emphasis on inclusive, values-driven growth.”
“Our partnership with RRCM strengthens our planning-led approach, advances our Investing in Women initiative and deepens our community presence in greater Chicagoland — all while keeping client service at the center,” Parker added.
“We’re incredibly proud of the firm we’ve built over the past two decades,” Reiches said. “We have always had a focus on empowering and educating women about money, and with EP, we will have an even larger impact.”
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