On June 23, 2022, Wealth Enhancement Group announced that it will acquire Hawkins Wealth Management.
Under the terms of the transaction, Wealth Enhancement Group (“WEG”) will acquire Hawkins Wealth Management (“Hawkins”). Six financial advisors and seven other Hawkins employees will join WEG. Further terms were not disclosed.
WEG, based in Minneapolis, is an independent wealth management firm specializing in retail clients. As of May 2022, WEG and its registered investment advisor, Wealth Enhancement Advisory Services, had $55 billion assets under management.
Hawkins, based in North Liberty, Iowa, is a registered investment advisor. As of June 2022, Hawkins had $574 million assets under management.
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