Wealth Enhancement Group’s newest acquisition, North American Management, bolsters its ultra-high-net-worth and trust services.
Wealth Enhancement Group, a Minneapolis-based aggregator of registered investment advisors, acquired Boston-based Norh American Management with $1.75 billion in client assets, bringing WEG’s brokerage and advisory assets to $30 billion, according to an announcement.
WEG has identified Boston as a key market in its national strategy, and NAM adds a second office in the city, as well as its first Missouri location. Terms of the deal were not disclosed.
“As a firm with a long tradition of building and sustaining multi-generational client relationships, the needs of the individuals, families and institutions who entrust us with their financial future have always been paramount in our decision-making processes. Our goal in identifying a new strategic partner was not simply to join a larger platform, but to find a home for our clients that will