Wealth Enhancement Group acquires $1.75 billion RIA

Wealth Enhancement Group, a Minneapolis-based hybrid, has acquired North American Management, a Boston-based registered investment adviser managing $1.75 billion.

Founded in 1928, NAM is a 20-person firm with nine financial advisers.

When the deal closes, it will bring Wealth Enhancement Group’s client assets close to $30 billion.

[More: Lightyear sells Wealth Enhancement Group to TA Associates]

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The post Wealth Enhancement Group acquires $1.75 billion RIA appeared first on InvestmentNews.

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