WEG Acquires Oakwood

August 4, 2021

On July 8, 2021, it was announced that Wealth Enhancement Group, LLC acquired Oakwood Capital Management, LLC.

Under the terms of the transaction, Wealth Enhancement Group, LLC (“WEG”) acquired Oakwood Capital Management, LLC (“Oakwood”). Oakwood will rebrand itself as the Oakwood Team at WEG. The transaction closed on June 30, 2021. Further terms of the deal were not disclosed.

WEG, based in the greater-Minneapolis area, is an independent wealth management firm. Advisory services are offered through Wealth Enhancement Advisory Services, LLC (“WEAS”), a registered investment advisor. As of May 31, 2021, WEG and its investment advisor, WEAS, had approximately $31.79 billion in client brokerage and advisory assets.

Oakwood, based in Los Angeles, California, specializes in asset management, financial planning, and investment management for predominantly West-Coast-based clients. Oakwood has approximately $1.04 billion assets under management.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions