On April 27, 2021, Wealth Enhancement Group LLC announced that it will partner with Pillar Pacific Capital Management, LLC.
Under the terms of the agreement, Wealth Enhancement Group LLC (“WEG”) will partner with Pillar Pacific Capital Management, LLC (“Pillar”). The transaction is expected to close in June 2021. After closing, Pillar President and Chief Executive, Mindy Ying, and Chief Investment Officer, Arthur French, will join WEG. Ms. Ying will become WEG’s Managing Director and Senior Vice President – Financial Advisor and Mr. French will become WEG’s Director of Research and Senior Portfolio 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 April 1, 2021, WEG had approximately $30.2 billion in assets under management.
Pillar is a California-based independent registered investment adviser that specializes in investment management services to institutions, individuals, families, companies and trusts. Pillar has approximately $1.6 billion in total client assets. Berkshire Global Advisors served as financial advisor to Pillar on the transaction.
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