View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
July 25, 2018

Wealth Enhancement Group to acquire Retirement Strategies

Minnesota-based Wealth Enhancement Group has agreed to acquire Retirement Strategies (RSI), a Florida-based independent financial advisory business, for an undisclosed amount.

RSI was set up in 1994 and led by partners Bill Carr, Bill Hart and Mary Beth Neeley. The firm offers financial planning and investment management services to individual investors who are planning for retirement and manages over $350m in assets.

The deal, part of the firm’s plan to strengthen its wealth management business, marks Wealth Enhancement Group’s second acquisition in this year.

The transaction, expected to close in September 2018, also establishes Wealth Enhancement Group’s second office in the Jacksonville market.

“At Retirement Strategies, Inc., we help clients understand the decisions they need to make to retire with confidence by focusing on in-depth financial planning, investment expertise and a commitment to honouring the values of our clients,” Carr said.

In the last five years, Wealth Enhancement Group acquired several firms under its strategic expansion plan including Summit Wealth Advisors in 2013; HHG & Company and Sound Financial Solutions in 2016; CLA Financial Advisors and CPA Retirement Planning in 2017.

Earlier this year, it acquired Cimino Wealth Advisors based in Wisconsin.

Wealth Enhancement Group CEO Jeff Dekko said: “RSI’s deep financial planning capabilities bring strategic scale to our commitment to provide the highest quality financial advice in northeastern Florida.

“This second acquisition in the Jacksonville market reflects our belief that scale matters for our business on both the national and local levels, and is in line with achieving a multi-billion dollar level of client assets in each region where we establish a presence.”

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to Private Banker International