On December 15, 2022, Wealth Enhancement Group announced the acquisition of BFS Wealth Management.
Under the terms of the agreement, Wealth Enhancement Group (“WEG”) has acquired BFS Wealth Management, Inc. (“BFS”). BFS President John Burke will join WEG, as will three advisors and six support staff. Financial terms were not disclosed.
WEG, based in Minneapolis, is a registered investment advisor offering financial services to individuals and families. WEG has $57 billion in assets under management.
BFS, based in Iselin, New Jersey, is a registered investment advisor serving high-net-worth individuals, families, foundations, and retirement plans. BFS oversees over $523 million in client assets.
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