At a glance
- The group includes 11 former Epiq advisors—partners Rick Withers, Justin Renaudin and Matthew Hlavacek among them—plus IEQ advisors Caden Sanchez and Greg Forbes.
- Maveriq's first Form ADV lists no regulatory assets, so how much client money followed the team is unclear.
- For IEQ clients served by the former Epiq advisors, the practical question is whether their assets move too.
At least 13 advisors left IEQ Capital for Maveriq Capital Group, a San Francisco multi-family office that registered with the SEC about two weeks earlier, Financial Advisor Magazine reported Nov. 5.
The group includes 11 former Epiq advisors—partners Rick Withers, Justin Renaudin and Matthew Hlavacek among them—plus IEQ advisors Caden Sanchez and Greg Forbes. The other departing advisors are David Abston, Melanie Rahilly, Chase Phelps, Ryan Leamy, Maxwell Bottene, Peter Zanino, Lauren Hansen and Jack Burns. Their registrations moved to Maveriq on Friday, and the total group is much larger once support staff are counted.
Maveriq's first Form ADV lists no regulatory assets, so how much client money followed the team is unclear. That is standard for a newly registered firm.
For IEQ clients served by the former Epiq advisors, the practical question is whether their assets move too. Maveriq operates under the SEC's 120-day rule, which the magazine describes as allowing a new RIA to operate while approval is pending if it expects to meet the criteria, including $100 million in client assets, within four months.
IEQ reported $56.8 billion in regulatory assets, 266 employees and 2,309 accounts in its June 9 Form ADV. IEQ bought Epiq in August 2024, folding about $5.3 billion of Epiq assets into its own $26.5 billion, according to the magazine.
Maveriq was formed in August and is wholly owned by SFE Maveriq Holdings LLC, which is owned by the Maveriq Trust. Darren Keller is listed as CEO and Heidi Johnson as CCO. The firm told regulators it serves high-net-worth and ultra-high-net-worth families and focuses on selecting and monitoring outside portfolio managers. It also left room to sponsor private vehicles in private equity, venture capital, real estate, digital assets and oil and gas.
IEQ's $56.8B book works out to $24.6M an account
IEQ Capital per its June 9 Form ADV; average account is assets divided by accounts
Reported by the Moves desk from Financial Advisor Magazine and Form ADV filings with the SEC (IEQ Capital). Published . Corrections