Creating a Powerhouse for Ultrahigh-Net-Worth Clients

  • IEQ Capital acquires EPIQ Capital
  • Combined entity to manage $32 billion in assets
  • Both firms prioritize customized investment advice and family office services for ultrahigh-net-worth clients
  • Deal expected to close later this year
  • EPIQ CEO Chad Boeding becomes managing partner at IEQ

IEQ Capital, a registered investment advisor based in Foster City, California, has acquired EPIQ Capital Group, creating a combined entity that will manage around $32 billion in assets. Both firms prioritize customized investment advice and family office services for ultrahigh-net-worth clients. The deal is expected to close later this year. Eric Harrison, IEQ’s co-CEO, praised EPIQ’s reputation in its home region and noted that the acquisition will strengthen IEQ’s presence in several important markets throughout the country, including Atlanta, Boston, and Los Angeles. EPIQ CEO Chad Boeding will become a managing partner at IEQ along with the firm’s three co-founders: Harrison, Robert Skinner, and Alan Zafran.

Image Credits: no
Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about the acquisition of EPIQ Capital Group by IEQ Capital, including details on the combined assets under management, the firms’ focus on customized investment advice and family office services, their geographical presence, and the backgrounds of the co-founders. It also includes quotes from Eric Harrison and Chad Boeding discussing the complementary nature of the acquisition and their shared vision for wealth management.
Noise Level: 2
Noise Justification: The article provides relevant information about the acquisition of EPIQ Capital Group by IEQ Capital and highlights the complementary services offered by both firms. It also includes quotes from key executives discussing the benefits of the merger. However, it lacks in-depth analysis or exploration of long-term trends or consequences of this event on the industry.
Private Companies: IEQ Capital,EPIQ Capital Group
Key People: Robert Skinner (Co-founder of IEQ Capital), Eric Harrison (Co-CEO of IEQ Capital), Chad Boeding (CEO of EPIQ Capital Group), Alan Zafran (Co-founder of IEQ Capital)

Financial Relevance: Yes
Financial Markets Impacted: The acquisition of EPIQ Capital Group by IEQ Capital will impact the financial markets through changes in asset management and investment advice for ultrahigh-net-worth clients.
Financial Rating Justification: This article discusses an acquisition between two registered investment advisors, IEQ Capital and EPIQ Capital Group, which will create a combined entity managing around $32 billion in assets. The deal will affect the financial markets by potentially changing the investment landscape for ultrahigh-net-worth clients and impacting the services provided to these clients in various regions such as Atlanta, Boston, and Los Angeles.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no mention of an extreme event in the text.
Move Size: No market move size mentioned.
Sector: Finance
Direction: Up
Magnitude: Small
Affected Instruments: Stocks

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