WEG Buys $1.75B North American Management | Wealth Management
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. ...
Source: wealthmanagement.com