Core Insights - EP Wealth Advisors has signed an agreement with Ares Management for a significant minority stake acquisition, enhancing its growth strategy with nearly $40 billion in assets under management [1][2] - The deal is expected to close next month, with management retaining control over the company and its board, while co-founders will maintain meaningful ownership [2] - EP recently issued a $400 million seven-year term loan and a $100 million five-year revolving credit facility, receiving credit ratings from S&P Global Ratings and Moody's, indicating its strong market position [3][5] Company Strategy - The partnership with Ares is seen as a strategic move to bring in a second minority investor alongside Berkshire Partners, aimed at accelerating growth in a sustainable manner [4][6] - A portion of the capital from the deal will be used for liquidity in secondary markets, including repurchasing shares from retiring employees and providing liquidity to long-term shareholders [7]