Wealth Enhancement Group (WEG), a wealth management firm in Minneapolis with over $7.5 billion in client assets, has acquired CPA Retirement Planning of Jacksonville, Fla.
John Linge, managing principal and senior financial advisor at CPA Retirement Planning, will continue to lead the operation in Jacksonville as an office of Wealth Enhancement Group.
"We’re committed to the best possible long-term service experience for our clients," he said in a statement. "After a thorough review of several options, our combination with Wealth Enhancement Group emerged as the best approach for our business and our clients."
Wealth Enhancement Group serves more than 10,000 clients in over 40 states. Its registered investment advisor (RIA) arm, Wealth Enhancement Advisory Services, is one of the nation's fastest-growing independent RIA firms, according to Financial Advisor magazine.
"This is an acquisition that reflects our continued growth, as well as the dynamic value proposition we offer as a highly experienced, succession planning-driven transaction partner," said Jeff Dekko, CEO of Wealth Enhancement Group.
The acquisition adds to Wealth Enhancement Group’s growth and its national presence into Florida, he added.
“The momentum we have built and sustained in positioning Wealth Enhancement Group as a top national wealth management and financial planning brand over the years continues to serve us well as we embark upon a new chapter of growth and success for our firm," he said.