Evercore Wealth Management has completed its previously-announced acquisition of Mt Eden Investment Advisors, a San Francisco, CA-based wealth management firm with $645 million in assets under discretionary management. Financial terms of the deal were not disclosed.

Evercore now has 27 partners serving high net worth individuals, families and related institutions across the US, seven of which are based in San Francisco and Los Angeles.

As reported when the deal was announced in November, Evercore has named three new partners from Mt Eden:

Keith McWilliams, founder, chief executive and chief investment officer, heads the combined business on the West Coast, reporting to Evercore CEO Jeff Maurer.

Meanwhile, Tim Barrett, a founding principal at Mt Eden responsible for the custom core equity investment management strategies, serves as lead portfolio manager for many of the firm's relationships.

Lastly, Michael O'Brien, a senior portfolio manager and principal of Mt Eden, has been appointed partner.

"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," Keith McWilliams, founder of Mt Eden, said in November.

Evercore Wealth Management is a subsidiary of Evercore Partners. It is a registered investment advisor, with offices in New York, Minneapolis, MN, and San Francisco. As at end-September, 2012, the firm managed $3.8 billion in client assets.