Wealth Enhancement Group to Acquire BPU Investment Management

February 3, 2020

On December 19, 2019, Wealth Enhancement Group announced that it had entered into an agreement to acquire BPU Investment Management, Inc.

Pursuant to the agreement, Wealth Enhancement Group (“Wealth Enhancement”) will acquire BPU Investment Management, Inc. (“BPU”). The transaction is expected to close in March of 2020. Terms of the deal were not disclosed.

BPU is a Pittsburg-based advisory firm that offers wealth management services for private clients and brokerage services for individuals and institutions. The firm focuses on servicing individual clients, with an emphasis on high-net-worth individuals and families. It had approximately $990 million in client assets as of October 31, 2019. BPU was advised on the transaction by InCap Group, Inc.

Wealth Enhancement is an independent wealth manager based in Minneapolis that offers financial planning and investment services to clients in more than 40 U.S. states. It had approximately $15.1 billion in client assets as of November 30, 2019.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions