Wealth Enhancement Group, an independent wealth management firm based in Minneapolis, today announced its second acquisition in Madison, Wis., in a week.
A rapidly growing firm in the Midwest, Wealth Enhancement Group has acquired Financial Wealth Management, a hybrid registered investment advisor with about $320 million in client assets. Upon the closing of this transaction, Wealth Enhancement Group will have nearly $26 billion in client assets.
The acquisition brings Wealth Enhancement Group another location in Wisconsin, adding to offices in Clinton and Green Bay. The firm also will have offices in Appleton, Milwaukee and Madison once the acquisition of SVA Financial Group, announced last week, is completed.
The move is part of the firm’s focus on broadening its footprint in the Midwest, Jeff Dekko, CEO of Wealth Enhancement Group, said in a statement.
Financial Wealth Management is made up of the father and son advisor team of Dan Hyland, the founder, and his son, Kyle Hyland, senior vice president. The practice offers comprehensive wealth management services, including retirement and financial planning for individuals and small businesses.
“This acquisition further strengthens our footprint in the Midwest, where, starting from our home base in Minnesota, we have been adding to our locations at a steady pace, selectively adding high-quality practices whose cultures and goals align with our own. Dekko said.
Wealth Enhancement Group, founded in 1997, offers financial planning and investment management services to clients across the United States.