ARGI Financial Group, a Louisville-based wealth management firm, plans to buy another Louisville based financial firm, KD Fiduciary Asset Management.
Kristin Dunlevy, head of KD Fiduciary Management, is expected to join ARGI as qualified plan-services manager.
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Dunlevy has more than 25 years of experience in the financial industry and founded KD two years ago.
ARGI senior partner Ron Butt said: "The purchase of KD will enable ARGI to provide investment advice for companies with qualified plans that have from US$25 million to US$100 million in assets.
"Initially, they considered a collaboration, Butt said, but later decided a combined firm could offer more services with greater efficiency," Butt added.
Terms of the purchase are not being disclosed; it is expected to become final on 31 July 2013.
