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Evercore Wealth Management, LLC today announced that it has entered into a definitive agreement to acquire Mt. Eden Investment Advisors, LLC, a San Francisco-based wealth management firm with $645 million in client assets as of September 30, 2012.
The firm named three new partners, two in San Francisco and one in Los Angeles. With these additions, Evercore Wealth Management will have seven partners serving high net worth individuals, families, and related institutions along the West Coast; Evercore Wealth Management will have a total of 25 partners across the United States.
“The expansion of our West Coast presence is an exciting step in our continued growth as a national firm,” said Jeff Maurer, CEO of Evercore Wealth Management. “Our new colleagues, who average more than 20 years of experience, share our conviction that private clients are best served by independent advice and an investment approach that is free from conflicts of interest.”
Keith McWilliams, the founder of Mt. Eden Investment Advisors, said: “We are delighted to be joining Evercore Wealth Management, which has rapidly established itself as a premier national firm. Our clients will benefit from complementary investment capabilities and a breadth of planning and trust offerings, while retaining a direct and personal relationship with their advisors.”
The new partners will be:
Keith McWilliams is the founder, CEO and Chief Investment Officer of Mt. Eden Investment Advisors. Upon completion of the transaction, Mr. McWilliams will head the combined business on the West Coast, reporting to Mr. Maurer.
Prior to founding Mt. Eden in 2004 with John Packard, Mr. McWilliams was a managing director and principal at Weiss, Peck & Greer, responsible for the West Coast private client group. He has 25 years of experience in financial services, and began working with Mr. Packard at Scudder, Stevens & Clark. He earned a BA in economics with honors from the University of California, Berkeley and an MBA from the UCLA Anderson Graduate School of Management. He holds the Certified Financial Planner license; a Chartered Financial Analyst designation; and a Series 65 license. He has served as President of the CFA Society of San Francisco and is active in many local nonprofit organizations.