Wealth Enhancement Group, an independent wealth management firm that oversees $11.3 billion in client assets, continues its expansion on the East Coast with the acquisition of Planning Solutions Group, a hybrid independent financial advisory business in Fulton, Md., according to a news release.

The acquisition marks Wealth Enhancement Group’s first location in the Baltimore/Washington, D.C., area and underscores its commitment to growth in the densely populated East Coast, the release said.

Financial terms of the deal were not disclosed. It is expected to close August 1.

Wealth Enhancement Group’s total client assets grew organically by more than $1 billion per year in both 2017 and 2018. The firm has been particularly active in acquisitions as well, bringing aboard 11 other practices since the end of 2013, the release noted.

Minneapolis-based Wealth Enhancement Group, which offers comprehensive and customized financial planning and investment management services nationwide, has offices in Connecticut, Florida, Iowa, Illinois, Minnesota, New York, Pennsylvania, Texas and Wisconsin.

“At Wealth Enhancement Group, we are trying to build substantial operational scale, both nationally and in each market we serve,” said Jeff Dekko, the firm’s CEO.

Planning Solutions Group, which also has an office in Virginia Beach, Va., has 28 employees, including 15 financial advisors, and focuses on developing innovative concepts for wealth creation and preservation to suit the needs of business owners, executives, retirees and high-net-worth individuals with more than $1.3 billion in combined client assets.