Nepsis buys Sevenich, Butler, Gerlach & Brazil

20 November 2023 1 min. read
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Nepsis, a Minneapolis-based financial advisor and investment management firm, has acquired Sevenich, Butler, Gerlach & Brazil (SBGB), a St. Paul-based boutique CPA firm.

SBGB has a team of four CPAs providing services in accounting, tax, and consulting to high-net-worth (HNW) families, individuals, and business owners.

The deal will strengthen Nepsis’ family office practice, including wealth management offerings for HNW families.

“With Sevenich, Butler, Gerlach & Brazil, Ltd., we found a partner that will significantly help our firm level up our ability to provide personalized, comprehensive financial guidance to our clients,” said Matt Pearson, president of Nepsis. “As the advisory industry evolves to embrace a service model replete with wealth, tax and accounting expertise, advisors must be equipped to provide a holistic view of clients’ financial lives.”

Nepsis in a press release said it had been looking to acquire established CPA firm to help clients manage escalating complexity in financial matters.Nepsis buys Sevenich, Butler, Gerlach & Brazil“We are delighted to be partnering with Nepsis as we enter the next phase of our business trajectory,” added Thomas Schramer, partner at SBGB. “By joining forces with Nepsis, we’ll be able to provide our clients with a more robust service offering.”

Nepsis also announced the appointment of a leadership team for its family office practice, none of whom are from SBGB.

The appointments are: Bryan Eberle, president of Nepsis Tax Solutions; Derrick Doerr, VP of tax and advanced markets; Richard Moore, VP of accounting and advisory; and Jordan Riley, VP of tax operations.

Founded in 1994, Nepsis is an SEC-registered investment advisor that provides services across financial planning, tax solutions, portfolio management, insurance solutions, estate planning, legal services, and business owner solutions.

The firm has 25 employees, according to LinkedIn.