On January 24, 2025, Wealth Enhancement Group announced that it acquired Northwest Investment Counselors, LLC.
Wealth Enhancement Group (“WEG”) announced, on January 24, 2025, that it acquired Northwest Investment Counselors, LLC (“Northwest”). The acquisition of Northwest closed on December 31, 2024, and Northwest will bring five advisors and three support staff to WEG. Further terms of the transaction were not disclosed.
WEG, based in Plymouth, Minnesota, is a registered investment advisor and independent wealth management firm that offers financial planning and investment management services. As of December 2024, WEG had $102.1 billion in client assets.
Northwest, based in Lake Oswego, Oregon, is a registered investment advisor offering wealth management, financial assessments and retirement planning services. As of November 2024, Northwest had approximately $673 million in client assets. Houlihan Lokey served as financial advisor to Northwest on the deal
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