By Chris Glynn
Brand-building mutual fund expert Jim Mocci left
registered investment advisor (RIA) stalwart Fisher Investments for
quickly growing EP Wealth Advisors, according to a press release.
EP Wealth said Mocci will serve as
managing director, marketing. He is based in San Francisco. Mocci will expand
outreach for the $15 billion fee-based independent investment advisor,
including direct mail and its online presence.
Mocci will report to Ryan
Parker, president of EP Wealth. It was not determined how the company oversaw
marketing prior to Mocci. A telephone call to media representative Gregory
FCA was not returned.
Prior to EP Wealth, Mocci began
his Wall Street career with Wells Fargo & Company before joining BlackStone,
where he became chief operating officer (COO) of global exchange traded fund
(ETF) marketing for iShares.
Mocci left BlackStone to manage
brand advertising and global creative for Fisher Investments.
For EP Wealth Advisors—created in
the 2005 merger between Enright Financial Consultants and Premier
Financial Management—the infusion of private equity investment capital has resulted
to better C-suite hiring, not to mention serial RIA expansion.
In 2015, $2 billion Florida
private equity firm Wealth Partners Capital Group (WPCG) bought its
stake in EP Wealth, followed with a 2020 purchase in EP Wealth from Berkshire
Partners, a $15 billion private equity firm in Boston.
In January, EP Wealth, with $13
billion under management, bought $360 million Mindful Money in California, as
well as hiring seven people from Soundmark Wealth Management in
Kirkland, Wash. Detailing each financial transaction was not revealed.
Fisher Investments reached $200
billion under management in 2022. A telephone call to its Camas, Wash., home
office was not returned.
