WEG Acquires Cardan

INVESTMENT MANAGEMENT DEALS BLOG

December 10, 2021

On December 2, 2021, Wealth Enhancement Group, LLC announced that it acquired Cardan Capital Partners.

Under the terms of the transaction, Wealth Enhancement Group, LLC (“WEG”) acquired Cardan Capital Partners (“Cardan”). Cardan will do business as The Cardan Team, and its Founding Partners will serve as Senior Vice Presidents at WEG. Matt Papazian, one of Cardan’s Founding Partners, will join WEG’s Investment Committee. The transaction closed on December 1, 2021. Further terms of the deal were not disclosed.

WEG, based in Minneapolis, Minnesota, is an independent wealth management firm that offers financial planning and investment management services. WEG’s acquisition of Cardan raises its total assets under management to approximately $54.4 billion.

Cardan, based in Denver, Colorado, is an independent Registered Investment Adviser. As of August 31, 2021, Cardan had approximately $1 billion in assets under management.

To read the press release: please click here.