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December 7, 2017

Wealth Enhancement Group takes over CPA Retirement Planning

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.

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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
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CPA, which is an affiliate of National Planning Holdings, offers financial planning and investment management services to both retail and business clients.

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.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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