WEG partners with Walnut Creek

October 7, 2021

On September 21, 2021, Wealth Enhancement Group, LLC announced that it will partner with Walnut Creek Wealth Management.

Under the terms of the transaction, Walnut Creek Wealth Management (“Walnut Creek”) partnered with Wealth Enhancement Group, LLC (“WEG”) and will do business as the Walnut Creek Team at WEG. As part of the transaction, Walnut Creek will transition its brokerage assets to LPL Financial Holdings, Inc. Mr. Couture, Mr. Smit, and Ms. Pursey will serve as Senior Vice Presidents and Financial Advisors. Further terms of the deal were not disclosed.

Walnut Creek, headquartered in Walnut Creek, California, is a hybrid Registered Investment Advisor specializing in financial planning, wealth management, and asset management for business owners; physicians; corporate executives; and single, divorced and widowed women. Walnut Creek oversees approximately $1 billion in total client assets.

WEG, based in Minneapolis, Minnesota, is an independent wealth management firm that offers financial planning and investment management services. As of July 31, 2021, WEG had approximately $38.8 billion in assets under management.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions