On November 8, 2023, Wealth Enhancement Group announced that it will acquire Retirement Advisory Group.
Under the terms of the transaction, Wealth Enhancement Group (“WEG”) will acquire Retirement Advisory Group (“RAG”). Further terms of the deal were not disclosed.
WEG, based in Minneapolis, Minnesota, is a registered investment advisor and wealth management firm offering financial planning and investment management services to retail clients. As of September 2023, WEG had $68.3 billion in assets under management.
RAG, based in Eden Prairie, Minnesota, is a hybrid registered investment advisor providing tax, insurance, investment, and financial planning services. As of June 2023, RAG had $150 million in assets under management.
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