EP Wealth Advisors, a Torrance, Calif.-based registered investment advisor with $26.2 billion in assets under management, has added its first chief people officer. Megan Glover joins the firm from SMBC MANUBANK, a Los Angeles-based bank, where she served as managing director and chief human resources officer. She will be based in Torrance.
In the new role, Glover will lead human resources as the RIA prepares to expand to more than 500 employees nationwide.
Prior to SMBC, she held various roles at PIMCO, Macquarie and Moelis. Her background includes talent development, diversity and inclusion and integrating teams through M&A. In EP, she is accused of all three.
EP Wealth's predecessor, Premier Financial Management, was founded in 1999 by Derek Holman and Brian Parker, who have been best friends since 6th grade. In 2017, EP sold a small stake in the firm to Wealth Partners Capital Group, a growth and M&A partner for RIAs. Private equity firm Berkshire Partners then bought a minority stake in EP in 2020, along with WPCG. Since 2017, EP has made 32 acquisitions.
Most recently, it acquired Dallas-based Sloan Investment Management, an RIA with about $700 million in AUM. In April, EP picked up 22 team members and close to $1.2 billion in assets under management the acquisition of Wacker Wealth Partners in San Luis Obispo, California.