On September 30, 2021, Wealth Enhancement Group announced that it will acquire QCI Asset Management, Inc.
Under the terms of the transaction, Wealth Enhancement Group (“WEG”), will acquire QCI Asset Management, Inc. (“QCI”). The deal was expected to close in October 2021. Further terms were not disclosed.
WEG, based in Minneapolis, is an independent wealth management firm. As of August 31, 2021, WEG had approximately $40.5 billion in client brokerage and advisory assets.
QCI, based in Pittsford, New York, is an independent registered investment adviser offering financial planning and wealth management services to high-net-worth individuals, as well as institutional and non-profit clients. QCI has $5.2 billion in assets under advisement. Berkshire Global Advisors served as exclusive financial advisor to QCI on the deal.
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