Wealth Enhancement Group, a Minnesota-based wealth manager backed by private equity firm Lightyear Capital, has acquired CPA Retirement Planning, a Florida-based independent financial advisory firm, for an undisclosed sum.

CPA, which is an affiliate of National Planning Holdings, offers financial planning and investment management services to both retail and business clients.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

As part of the deal, CPA managing principal and senior financial adviser John Linge will spearhead Wealth Enhancement Group’s Jacksonville office.

Wealth Enhancement Group CEO Jeff Dekko said: “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.

“Adding CPA Retirement Planning’s business to Wealth Enhancement Group provides a servicing platform for clients in Florida and also allows CPA Retirement Planning’s clients to benefit from the extended expertise of our Roundtable team of specialists.”

Wealth Enhancement Group has been on an acquisition spree off late. In December 2016, it agreed to acquire CLA Financial Advisors, an Illinois-based wealth management firm. Earlier last year, it announced the acquisition of HHG & Company, a Connecticut-based wealth management firm. Currently, Wealth Enhancement Group has over 10,000 clients across more than 40 states and manages $7.5bn in assets.