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Riley Private Client
Riley Private Client was established in 2020 in Southlake, Texas, as a registered investment adviser serving high-net-worth individuals and institutions.
Riley Private Client
Riley Private Client was established in 2020 in Southlake, Texas, as a registered investment adviser serving high-net-worth individuals and institutions. The firm's independent existence ended when EP Wealth Advisors, a planning-focused RIA founded in 1999 by two San Diego friends, acquired it and rebranded the practice. The acquisition erased Riley Private Client's standalone brand; its website now redirects to EP Wealth and states that Douglas Jones remains the primary advisor contact. Wealth origin for the firm's principals has not been publicly disclosed. Post-acquisition, the investment posture of the practice is dictated by EP Wealth, whose platform covers a full suite of client assets. EP structures client allocations across equities, fixed income, and alternative investments, with an emphasis on personalized financial planning over balance-sheet speculation. The parent firm managed to earn a Barron's Top 25 Registered Investment Adviser ranking in 2023 while serving clients from offices spanning multiple US regions. The acquisition gave Riley Private Client's former book access to EP Wealth's centralized investment committee, in-house tax strategies, and estate planning resources. EP Wealth fields over 400 people across the US and reports serving 13,000 households on its homepage while also citing 15,000 clients in repeated boilerplate text — the discrepancy remains unresolved. Douglas Jones, reachable at djones@epwealth.com, is the sole named advisor for legacy Riley Private Client relationships. CEO Ryan Parker, who joined EP's board before ascending to the top role, published a welcome note to Riley clients signaling the transition and pointing them to the firm's webinars, quarterly newsletters, and "Informed Investor" events. No adjacent charitable vehicle or separate investment arm has been carved out. Riley Private Client's architecture is now a branch of a larger serial acquirer, not a standalone partnership or family office with an independent investment committee. Its structural differentiator is precisely the absence of one: the firm operates as an acquired book inside a national consolidator, meaning client portfolios follow EP Wealth's central asset-allocation models rather than any bespoke Southlake house strategy. Governance and succession are EP corporate matters.
General information
Firm type
Bank / Wealth / Trust
Year founded
2020
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Southlake
Corporate office
Southlake, TX, United States
Principals
Douglas Jones
Advisor
Frequently asked questions
Who runs investment decisions at the former Riley Private Client practice?
Investment decisions and portfolio construction are no longer made locally. The practice was acquired by EP Wealth Advisors, which centralizes asset allocation through its internal investment committee. Douglas Jones remains the named advisor for legacy clients, but portfolio models reflect EP Wealth's house strategies rather than any independent Riley Private Client investment process.
Is Riley Private Client still operating as an independent firm?
No. EP Wealth Advisors partnered with and absorbed Riley Private Client, rebranding the practice. The Riley Private Client website now redirects to EP Wealth and its content states that the same advisory team continues under the EP Wealth banner with access to the parent firm's suite of services.
What type of clients does Riley Private Client serve?
Prior to its acquisition, the firm advised high-net-worth individuals and institutions. Under EP Wealth, the combined entity serves over 15,000 households nationally, targeting clients seeking comprehensive financial planning, investment management, and related advisory services.
Does EP Wealth offer access to alternative investments for legacy Riley clients?
EP Wealth includes alternative investments within its broader asset-class offerings, although specific allocations depend on individual client plans. The firm does not publicly break out alternative-investment access specific to the Southlake practice, and all investment menus are governed by EP's central research and due-diligence framework.
How is the acquisition reflected in regulatory filings?
EP Wealth Advisors operates as a registered investment adviser. Riley Private Client's legacy ADV filings would have been consolidated or withdrawn following the acquisition. Douglas Jones is listed as the contact for client inquiries, suggesting continuity in client-service personnel under EP's compliance umbrella.
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