Frontier Wealth Management, a Kansas-based investment firm, has acquired AHM Asset Management, part of AHM Financial Group to expand its presence to St. Louis.

The acquisition will boost Frontier Wealth’s total assets under management to $825m, reported St Louis Business Journal.

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In addition, the deal will also see Frontier Wealth acquiring AHM’s $225m asset base.

"St. Louis is a market we have been exploring for past two years, "said Frontier’s chief executive officer Nick Blasi.

Dennis Kemper, senior wealth manager at AHM, said, "It was clear very early on that Frontier’s approach to wealth management and the depth of talent within the organization is a very good fit."

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