WEG Acquires Vivid

INVESTMENT MANAGEMENT DEALS BLOG

December 31, 2021

On December 9, 2021, Wealth Enhancement Group announced that it acquired Vivid Financial Management.

Under the terms of the transaction, Wealth Enhancement Group (“WEG”) acquired Vivid Financial Management (“Vivid”). Three of Vivid’s founders, Julie Darrah, Brad Boulton, and Tim Miller, will serve as Senior Vice Presidents, Financial Advisors at WEG. The transaction is expected to close on December 31, 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 Vivid will raise its total client brokerage, advisory and trust assets to approximately $55.02 billion.

Vivid, based in Orcutt, California, is a hybrid Registered Investment Adviser that offers financial planning services, asset management, tax services, estate planning, insurance planning, in addition to qualified retirement plan support for small business owners. As of October 13, 2021, Vivid had approximately $675 million in client brokerage and advisory assets.

To read the press release: please click here.