MINNEAPOLIS, Dec. 15, 2020 /PRNewswire/ — Prosperity Enhancement Team, an independent prosperity administration business, today introduced its acquisition of Fiscal Wealth Management, a hybrid registered financial investment adviser (RIA) based mostly in Madison, Wis., with approximately $320 million in customer assets*. Upon the closing of this transaction, Prosperity Enhancement Team expects to approach $26 billion in shopper property.
The acquisition delivers Wealth Enhancement Group still a different area in the condition of Wisconsin, including to recent offices in Clinton and Eco-friendly Bay, and the a few workplaces in Appleton, Milwaukee and Madison that it will insert by way of the approaching acquisition of SVA Economical Group introduced previous 7 days. The transfer demonstrates the firm’s continued target on executing on its tactic of broadening its footprint in critical areas across the state, and more solidifies its posture as a leading nationwide wealth administration and economic organizing brand.
Economical Prosperity Administration is made up of the father-son advisor crew of Founder Dan Hyland and Senior Vice President Kyle Hyland. The follow features detailed wealth administration services, which include retirement and financial scheduling for people today and modest firms.
Jeff Dekko, Chief Executive Officer of Prosperity Improvement Group, mentioned, “Over the class of just about 40 a long time in the prosperity management field, Dan Hyland has created a strong business enterprise based mostly on his encounter and determination to purchasers, and we are honored to welcome him and his team to the Wealth Enhancement Team loved ones. This acquisition further more strengthens our footprint in the Midwest, wherever, starting up from our household foundation in Minnesota, we have been incorporating to our places at a steady speed, selectively adding substantial-quality practices whose cultures and targets align with our possess. Dan, Kyle and their crew are precisely the type of pros we relish the chance to operate with, and we search ahead to supporting them with our centralized wealth management and back office environment abilities, as well as our extra strategic advancement initiatives.”
Dan Hyland explained, “Prosperity Enhancement Team has crafted a remarkably respected existence in the prosperity management house as a fast-increasing, modern firm that delivers business-main technologies, assets and expertise to guidance us to far better provide our clients. We are energized to sign up for the Wealth Enhancement Team group as they share our vision and motivation to shopper company and will proceed to empower us to guidebook our shoppers in pursuing their economical plans.”
Fiscal phrases of the transaction, which is anticipated to close in the fourth quarter, had been not disclosed.
About Prosperity Improvement Team
Wealth Improvement Team is a Bigger Minneapolis-based independent wealth management organization presenting comprehensive and tailored economical organizing and investment management companies. Founded in 1997, Prosperity Enhancement Team serves clientele nationwide. Prosperity Enhancement Team specializes in offering retail clientele with the crew-based knowledge and assets they require to simplify their economic daily life. For additional details, make sure you visit www.wealthenhancement.com.
Advisory providers available by means of Wealth Improvement Advisory Companies, LLC (WEAS), a registered investment advisor. Particular, but not all, investment advisor reps (IARs) of WEAS are also registered associates of and provide securities by means of LPL Economical, Member FINRA/SIPC. Wealth Improvement Group and Wealth Improvement Advisory Solutions are independent entities from LPL Financial. Prosperity Improvement Team is a registered trademark of Prosperity Enhancement Team, LLC.
*Wealth Enhancement Team and its Registered Expenditure Advisor, Wealth Improvement Advisory Expert services, experienced additional than $22 billion in consumer brokerage and advisory belongings as of 11/30/20. Economic Prosperity Administration had about $320 million in customer brokerage and advisory property as of 12/08/20.
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Source Prosperity Improvement Group
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