/PRNewswire/ Wealth Enhancement Group, an independent wealth management firm, today announced that it has acquired Hoover Financial Advisors (HFA), an.
Wealth Enhancement Group buys $1.4 billion Hoover Financial Advisors
This marks the second major deal since March for the $35 billion RIA, and it s a sign of more to come, according to CEO Jeff Dekko.
June 3, 2021
Minneapolis-based hybrid advisory business Wealth Enhancement Group is acquiring Hoover Financial Advisors, a $1.46 billion hybrid registered investment adviser based in Malvern, Pennsylvania.
The deal, which was announced early Thursday morning, will push Wealth Enhancement Group’s total client asset to nearly $35 billion once the deal closes around July 1.
The announcement, which follows Wealth Enhancement Group’s March acquisition of North American Management, a Boston-based RIA managing $1.75 billion in client assets, underscores the firm’s aggressive acquisition strategy.