On April 26, 2023, Wealth Enhancement Group announced the acquisition of New Era Financial Advisors.
Under the terms of the agreement, Wealth Enhancement Group (“WEG”) has acquired all the assets of New Era Financial Advisors, Inc. (“New Era”). Financial terms of the deal were not disclosed.
WEG, based in Minneapolis, is a registered investment advisor offering financial services to individuals and families. As of February 2023, WEG had $62.6 billion in assets under management.
New Era, based in Minnesota, is a hybrid registered investment advisor with two offices in the state. New Era manages more than $1.1 billion in client assets.
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