WEG to Acquire TWEG

INVESTMENT MANAGEMENT DEALS BLOG

November 3, 2021

On October 7, 2021, Wealth Enhancement Group, LLC announced that it will acquire with The Wealth Enhancement Group.

Under the terms of the transaction, Wealth Enhancement Group, LLC (“WEG”) will acquire The Wealth Enhancement Group (“TWEG”). As part of the transaction, TWEG will transition its brokerage assets to LPL Financial Holdings, Inc. Michael Ross and Steven Petcovic will serve as WEG’s Senior Vice Presidents and Financial Advisors and Risa Peterson will serve as WEG’s Senior Client Service Manager. 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. As of August 31, 2021, WEG had approximately $40.5 billion in assets under management.

TWEG, based in Alpharetta, Georgia, is a hybrid Registered Investment Adviser that offers business, estate, investment, and retirement planning services for business owners, celebrities, and retirees. As of July 30, 2021, TWEG had $376 million in assets under management.

To read the press release: please click here.