A round-up of people moves and M&A deals across North America
M&A
Wealth Enhancement Group
The independent wealth management firm has acquired Hoover Financial Advisors (HFA), an independent hybrid registered investment adviser (RIA) based in Malvern, Pennsylvania for an undisclosed sum.
Launched in 2005 by founder and chief executive Peter Hoover, HFA provides financial planning services, investment management and insurance solutions to retirees, pre-retirees and other clients.
Upon closing of the transaction, the entire HFA team of 26 individuals, including nine financial advisers and four seasonal tax consultants, will join Wealth Enhancement Group.
The deal is expected to close on 1 July.